Cut hardware BOM costs.
Without switching suppliers.
Keep your current suppliers 'honest' with 5+ competitive quotes for 100% of your BOM parts, delivered monthly.
“Searching for suppliers, obtaining & comparing quotes is labor-intensive. A done-for-me RFQ process that reduces full BOM cost is what we need to maximise profit per product.”
Bruno M, CTO
Z3 Technology, US Robotics, 3Com
Rushed buyers & engineers are too busy to compare suppliers.
Without competitive intelligence, there's no negotiation leverage to cut BOM costs.
Supply cost shocks are increasing: geopolitics, innovation, climate, regulations, interdependence ...
Comparing multiple suppliers per part is laborious - default pricing from current suppliers is the norm.
Adding more people or building ERP integrations to do this work, are too costly.
Automatically trigger current suppliers to cut prices, leveraging 5+ competitive quotes for all BOM parts, refreshed monthly.
Single source for 33,000+ suppliers of 144,000,000+ off-shelf electronics & mechanical components, and unlimited custom-manufactured electronics & mechanical parts too.
We scrub your 50+ part CAD/BOM to create your mBOM.
You sign NDA, share your CAD/BOM, set supplier criteria.
We display your mBOM in your desired app.
You finalise your mBOM with a Settel engineer.
We source 5+ competitive quotes for all mBOM parts. Every month.
We prepare & submit RFQs to 33,000+ suppliers of 144M+ electronics & mechanical components, and unlimited custom-manufactured electronics & mechanical parts too.
We rank list 5+ competitive quotes for all mBOM parts, based on your supplier criteria, growing smarter over time.
You chat with us to finalise your supplier quote comparison report.
We send a supplier quote comparison report to you / your suppliers. Every month.
You leverage the quote comparison report in your ad-hoc & planned supplier negotiations.
You trigger price cuts & refunds from current suppliers with price-match agreements.
Automatically updated every month with latest market data, for continuous cost down.
Current suppliers cut pricing across your entire BOM. Every month.
Your current suppliers verify authenticity of 5+ competitive quotes.
When they price-match - you save.
When they do not - we remind them monthly until they can't refuse.
When you need help with suppliers, your personal Settel engineer steps in ... so you don’t need to.
“The reliance on people and Google Sheets to manually manage competitive BOM costing is inefficient & tedious, highlighting the need for an automated quoting solution.”
Narissa C, Director of Mechanical Engineering
Igor Institute, Nike
Settel automates your continuous cost down process (that no one has the time to do).
Reduce RFQ process time & cost by by 80%.
Increase RFQ frequency to 12x per year.
Increase RFQ coverage to 100% of your BOM.
Learn more about Settel
No ... more ... RFQ admin!
Free yourself from this tedious process & do it 960x better.
Focus on supplier collaboration
Spend time building relationships with suppliers, not chasing data.
Pricing - we’re on your team
Pay only for negotiation leverage & actual cost savings.
Quote entire product
Supplier quote data for all BOM parts, from all suppliers, in one place.
Integrate your apps
Automate product & financial data to & from your favorite apps.
Copilot or autopilot
Choose your level of freedom vs control throughout the process.
See how Settel frees your teams
Eliminate repetitive tasks and spend time on what actually moves the needle.
Engineering
added to focus on product build.
Procurement & Buying
added to focus on product delivery.
Hiring more buyers or building ERP integrations won’t solve the root problem. Settel will.
Too early to hire a buyer?
No need to wait when Settel cost 5x less than a traditional hire.
Currently hiring a buyer?
Settel delays new hire cost & makes new hires more productive.
Already have 1+ buyers?
Settel saves them all from this inefficient RFQ grunt work.