Electronica 24: From Crisis Management to Strategic Efficiency, with Cofactr CEO Matthew Haber

EMS@C-LEVEL · 19 Dec 2024 · 8m

AI in practice: one real use of AI described

What this episode covers

Matthew Haber, co-founder and CEO of Cofactr, discusses the company's growth in inventory management solutions for the electronics manufacturing services (EMS) and original equipment manufacturer (OEM) sectors. He explains how the industry has shifted from crisis-driven shortage mitigation to strategic efficiency and resilience, leveraging AI to process complex supplier documents and suggest alternative parts. Haber emphasizes the necessity of high-accuracy, in-house AI models to handle sensitive aerospace and defense data, contrasting this with the limitations of commercial off-the-shelf solutions.

AI in practice

Where this conversation describes AI being used to build or deliver a product. Part of the AI in practice tracker.

Sourcing & supply chainCofactr AI

The AI provides alternative part suggestions and discovers substitutes, helping engineering and supply chain teams collaborate more efficiently and reducing email chains.

“the other bucket is around sort of alt suggestions , part discovery , things like that , which is more of the sort of engineering side of our solution , but again , really helping a lot of our missions around helping supply chain folks and engineering folks work together better…”

Matthew Haber · Hear it at 4:16

Mentioned

Companies
Cofactr, IPC, Koh Young, Global Electronics Association

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