PartMiner Inc., a provider of real-time information and services for the electronics industry, yesterday unveiled its new procurement tool called MarketPulse. The new tool is designed to provide electronics manufacturers with supporting data to negotiate better pricing with vendors, save money on component purchases by utilizing alternate sources, and help them make better decisions by bringing the supply chain closer to the design chain.

"The world of electronics has waited a long time for a global view into the pricing paid for electronic components," notes Ken Auga, president of PartMiner. "MarketPulse is a revolutionary technology that hooks supply and demand together and shares the world's pricing and transactions without bias towards a line card."

MarketPulse comes bolted with the CAPS technical database of 113 million components covering 2,900 semiconductor manufacturers. According to the release, only PartMiner offers solutions ranging across the entire design chain extending throughout the supply chain.

PartMiner collects pricing and availability information from more than 11,000 sources worldwide (5,000 in Asia, 3,500 in North America, and 2,500 in Europe)—much in real-time. MarketPulse features a quick view to help analyze potential price savings across any bill-of-materials, and a watch-alert service that proactively looks for market changes that signal new price-saving opportunities.

In addition, PartMiner's strategic sourcing professionals around the world will generate quotations for subscribers to validate pricing based upon required delivery dates and other special factors. As part of the service, they can enlist PartMiner's sourcing professionals to negotiate pricing on all available inventory lots and make-the-buy on your behalf, ensuring quality and on-time delivery.