In this Spend Matters PRO Vendor Analysis, we give an overview of Makersite, a Design-for-Supply (DFS) solution that enables customers to understand the underlying tradeoffs and options between cost, sustainability and risk linked to the design of their products.
In a mini-series we published in December 2021 we highlighted why design needs to take supply considerations into account, and how it can do so as early as possible. Design considerations can be a matter of minimizing negative impacts both on the company and the broader ecosystem and not creating lock-ins. The difficulty is that many organizations may not have the means to understand these tradeoffs and available options.
Makersite’s offering addresses this problem by providing companies with a digital twin of any product so that they can analyze the product, analyze its components and test various options for sourcing and design.
Here’s why Makersite matters:
- To the market — Makersite exemplifies the transformative impact of new technologies. It addresses complex challenges involved in the optimization of product and supply chain designs with a new approach that opens the door to new use cases and markets for procurement teams.
- To customers — Makersite can quickly and easily perform detailed analyses of complex BoMs to identify improvements in design of the product and/or supply chain to improve costs, make the product more sustainable and reduce risk.
- To potential buyers — Makersite’s modular pricing model and powerful yet easy-to-use technology allow small to large teams and organizations to access optimization capabilities for product and supply chain design.
This Spend Matters PRO Vendor Analysis gives an overview of the vendor’s capabilities, its competitors, provides tech selection tips and closes with key analyst takeaways.