For hardware organizations dealing with the chaos of managing a distributed manufacturer network, Partsimony is building a cognitive manufacturing supply chain that leverages transactional data to provide deep insights around Manufacturer Discovery, Design Intent, and Supply Chain Resilience. Unlike other products that mainly provide a general approach to supply chain procurement, Partsimony is laser-focused on complex hardware products and leverages domain expertise to deliver more strategic outcomes. Partsimony is building the future cognitive manufacturing supply chain.
In a time where supply chain issues have completely debilitated industries all over the world, it’s great to see companies like Partsimony rising to the occasion, with our special guest and CEO, Richard Mokuolu, the supply chain strategist leading the charge.
Key Points From This Episode:
• Richard shares his personal background, and the backstory of the foundation of Parsimony.
• Richard and his team sprung into action and contributed in a big way back in April 2020, at the beginning of the pandemic, by helping to ensure much needed, lower-cost ventilators made its way to the public.
• Partsimony, as a company made a significant pivot in the core business. Richard explains how they arrived at that decision.
• Richard and his team were able to successfully close of a $2M Seed round, led by Closed Loop Partners’ Ventures Group with participation from Contour Ventures, Urban Us, and other top institutional and angel investors.
• Richard discusses working with reputable brands like Stanley Black & Decker, and how trust is paramount.
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