Allchips Electronics - Intelligent hardware service platform

Allchips Intelligent BOM Tool Process! BOM SOLUTION Tutorial

Allchips Intelligent BOM tool simple tutorial.

how to use the intelligent bom tool and  How the BOM tool help you!

August 17, 2017, Allchips has been approved as "National high-tech enterprises" in China. With over 25% of the technical engineers, and 40% of the input for R&D department, Allchips has its professional Intelligent BOM service based on BIG Data, and visiable searcing, cost controlling, risk controlling, service is very popular in electronic components area.

October 27, 2017, Allchips won 2017 China's top 50 enterprises in innovation in the "2017 second China B2B Summit". This represents China's recognition of this innovative model.

Allchips won 10 million of A Round Investment in January 2018

Allchips has gained a lot of honors because we have a firm conscience to help small and medium-sized manufacturing enterprises to solve the problem of purchasing.We are on the way to change it.

Allchips has over 10,000,000 SKU in its catalog. These components are sourced from over 1000 original factories and authorized first agents. Allchips has a distribution agreement with these companies and helps to ensure end users get unrestricted access to electronic components they may need for certain projects.

With so much quantity in the catalog, how does Allchips still guarantee quality and make sure there are no fake components?

First Case

The first method is when Allchips itself makes the first move. The company tries to contact good and qualified original manufacturers and first agents. In this case, Allchips would have done its job of proper research before contacting any company.

Before Allchips makes contact, the company must have been found out to have a long-standing history of credibility and quality services. This is then capped with the verification of the company’s business license and agency certificate. Any company that passes through all these verification steps is deemed credible and Allchips deals only with those kinds of companies. These types of manufacturers don’t produce sub-standard or fake electronic components.

Second Case

Secondly, Manufacturers and authorized first agents can also apply to partner with Allchips online.These manufacturers will have to make contact through the official Allchips company website. After this, then Allchips tries to make research and verifications of such companies. The verification of business licenses and agency certificates will then follow. By going through this step, Allchips is able to limit their partnership to only companies that are credible and known for quality.

The processes above have helped Allchips to maintain the quality, efficiency and durability of every single electronic component in their stock. Thus you are sure that at Allchips, the quality of the component you want cannot be compromised.

Unlike some other distributors who rush to partner with manufacturers of dubious and untested standings, Allchips only strive for quality and perfection. This is shown in their partnerships and dealings. All of these gestures are geared towards making their burgeoning customer base happy and satisfied. This makes perfect sense since Allchips is a customer-oriented company.

Allchips, the intelligent electronic components supply chain service platform, announced that they have finished the A Round Investment with 10 million. This round of financing was leaded by Langke Investment, and Lanhai Zhongli ,Reading Capital followed.  The investment of this round will be used in developing intelligent supply chain and enlarging market share.

Allchips is an electronic components B2B service platform specialized in intelligent supply chain management. On Mar. 2016, the platform came online, and won the Angel round financing from Reading Capital in June at the same year. Next year, in July, Allchips annunced that they have finished the Pre-A financing from Langhai. Now here again, after half a year, Allchips was invested by a new round of investment.

New Chances of Electronic Components Industry

“The annual turnovers of some traditional foreign distributors, like Arrow, Avnet and Future, is over 100 Billion RMB. However, the biggest traditional distributor in China only get the annual sales around 15 billion RMB. Because Chinese semiconductor industry begins very late, and we did not get the first chance to enjoy traditional distributors bonus,” Mr. Li Liuqi said.

“There would be more investments swarming into the electronic components industries in 2018, while for start-up companies, I do not think they have any more chances. I believe there would be some unicorns who owns over 10 billion of market value born in this industry within 5 years.”

Mr. Li Liuqi, has been working in electronic components industry for over 10 years, since after graduates from university in 2004. He noticed not only the distance between domestic and overseas semiconductor industry, but also the tendency that China semiconductors are rising. Along with the support of Chinese government, Chinese manufacturers have been able to produce high quality components. However, in market and circulation, the traditional distributor models cannot meet the new trend and demand any more. Because of this, in 2015, Mr. Li Liuqi, and Wang Xiaojiang, decided to set up Allchips, help solve the real purchase demand of small and medium-sized producers.

While communicating with these small and medium-sized producers, Allchips found that in one hand, they are lacking of basic purchasing experience, and do not have the skill to analysis information from different suppliers. In the other hand, 90s’ as the main practitioners in this industry. They do not want to communicate with suppliers by phone, email or face to face meeting. They are eager to manager their work by a more effective, standard, visual, and intelligent way. And this is what Allchips is doing.

Efficiency & Open The innovation of Allchips shows in the two points: Improve efficiency and be open. The main customers of Allchips the platform are: the project department of large and medium-sized manufacturers, terminal service providers and terminal integrator. In order to improve the purchasing efficiency of these clients, Allchips launched the BOM tool: BOM Steward, on Mar. 2017. This BOM Steward mainly solves the problems of hardware engineers and purchasers. Even though when the BOM list included incomplete part number or values, BOM Steward could also import recommend part number and the related quotation. This result could help improve efficiency, also reduce the potential risks. To enhance customer stickiness, this BOM tool is free temporally. Be Open is the business pattern of Allchips. Currently, the main pattern of Allchips including two ways: First, Proprietary Trading, to sale Allchips stock from original factories and A-level agents directly. Second, Invite In, to invite the original factories and A-Level agents open e-shops in Allchips platform. Mr Li Liuqi says, at present the Allchips team is focus on improving proprietary trading abilities. Invite In will help increase the trading activities of the platform. In order to improve the proprietary trading ability, Allchips will build their own intelligent supply chains in 2018. This will collect the searching, quotation, comparing and deliver together. And then change the traditional book-entry management pattern into a global task management pattern. Also turn the electronic components online trading into a internet Amazon pattern. Allchips has already build storehouse in Shenzhen and Hong Kong. Next step, they will put intelligent supply chain management of South China into priority.

Allchips only cooperates with electronic component manufactures and their authorized agents. They promise that: “No fake components, No refurbished components, and Genuine components only!”About ElEXCON 2017 Elexcon is an international exhibition for Global Electronics Manufacturing Industry, Elexcon China has developed itself as China’s biggest domestic IT exhibition, attracting the world’s top IT enterprises. It will showcase individuals intelligent devices, Semiconductor components, Photoelectric components and materials, SMT equipments, Manufacturing software, Communications &0 multimedia services & many more.On Dec. 21–23, 2017, Allchips Limited was crowned with complete success at ELEXCON 2017. According to Mr. Li, the Principal of Exhibition: “The whole team had to get ready one and a half months in advance, in order to make full preparation, show Allchips’ brand influence and offer the classic expo experience to visitors. The booth is 580 square feet, and equiped with a service staff of 20. Allchips have really showed their sincerity.”

During the exhibition, Allchips’ booth was always full of visitors. There was not any empty chair left. And many others were standing in line looking for the brochures. Both clients and suppliers were full of interest in Allchips: the professional electronic components platform.

Mr. Li said: “The main purpose is to exhibit our Intelligent BOM Tool 2.0. Since after the launch of Intelligent BOM 2.0, positive feedbacks have come like tidewater. ELEXCON 2017 is one of the best opportunities to have this BOM tool experienced by companies in need offline. And with more feedback from offline, we can continue improving our Intelligent BOM Tool more efficiently.  Moreover, many factories have agreed to use our BOM tool after communicating with us and experiencing it. The set in our booth has been always full. These companies are eager to use our intelligent BOM Tool, to help them improve purchasing efficiency, save purchasing cost, and manage their projects smartly. Now our R&D department has already hand to develop BOM Tool 3.0. We believe this will be big good news for the factories we serve.”

During this expo, over 4,700 visitors registered on Allchips’ website, and over 350 clients visited their booth directly. But not only that, dozens of original factories and authorized agents are now willing to sell on Allchips’ platform.

Allchips’ SCM (Supply Chain Management) Department Director stated: “Over 1,000 original factories and authorized agents have already sold their products on Allchips’ Platform. And these registered suppliers will be the powerful guarantee that all the components from Allchips are Original and New. However, for Allchips, the main business is not only selling electronic components, but also offering service through our BOM Tool. BOM Tools have a big market demand, but there isn’t a good one in the market at the moment. Our Intelligent BOM Tool is made for those developing companies, helping them save time and cost. All members of Allchips are aiming to help and accompany those developing small and medium enterprises grow in strength. This is Allchips final vision.”

About Allchips Allchips is an electronic components service platform for original manufacturers and authorized agents. Allchips supplies more than 10 million products from 1,000+ suppliers and offers its Intelligent BOM service to end users, like OEM, EMS, IDH, SMT, PCB, PCBA, ODM.

Allchips only cooperates with electronic component manufactures and their authorized agents. They promise that: “No fake components, No refurbished components, and Genuine components only!”

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