Cofactr is a technology company that was established in 2019 with the aim of making hardware development as quick and flexible as software development. Cofactr concentrates on solving supply chain problems such as procurement, logistics, handling data, and team communication, instead of just producing circuit boards. At present, Cofactr's platform handles five key areas, such as automatic procurement, focused logistics, flexible warehousing, managing data, and smooth system communication.

The platform allows teams in charge of manufacturing, engineering, and procurement current information to handle cost alterations, predict threats, and ensure availability of parts. Allowing hardware teams to easily develop their businesses and deliver exact, fast production with their selected partners. When it comes to managing physical components, Cofactr offers the simplicity and speed of cloud computing. This platform is changing hardware manufacturing by simplifying procurement and logistics, making the sector keep up with the fast development of technology, and turning complexity into speed and clarity.

Solutions provided by Cofactr

Parts Data Intelligence

Cofactr offers all parts of the hardware supply chain in a single platform, including supplier forecasts, supplies, supplier information, and BOMs. It is an intelligent, unified platform that was developed to offer speed and efficiency in developing software for the hardware industry. Platform aims to improve manufacturing processes with ideas that handle part selection, compliance checks, and predictive supply chain insights—all focused on reducing risk along with keeping production—helping customers make sound decisions, monitoring supply delays and PCNs (Product Change Notifications), and notifying the clients before problems develop. It quickly connects with the clients' PLM and ERP systems, making sure the data is accurate without any extra effort.

The team can perform immediate action and limit shortages with actual availability of BOMs, supplies, and supplier information from numerous sources. Analysing the needs of the client, the platform's smart purchasing engine can even recommend orders; only review and click to submit the order. It is an excellent choice for complex and controlled businesses, as it is hosted on GovCloud and meets strict regulatory requirements, including SOC 2, NIST SP 800-171, and ITAR. Each purchase order, packing slip, and certificate is processed automatically and organised for complete transparency using Cofactr's DocAI, the only ITAR-compliant documentation extraction technology for electronics manufacturing. Cofactr offers more than just supply chain management in a world that demands speed and accuracy; it's offering hardware teams all the tools they require to work faster, skilfully, and effectively.

Procurement

Cofactr is changing hardware teams' procurement processes by turning a complex, slow process into an improved, interrelated, efficient process. Through its unified platform design, Cofactr strengthens all of the suppliers in a single location, enabling communication, business, and an easy transition from BOM to manufacturing for the design and procurement teams. Teams can purchase from numerous suppliers with a single click through AI-powered tools, supplier API interfaces, and automatic purchase orders. Time is saved and mistakes are reduced by internal controls, which ensure orders stick to regulations, approved suppliers, and procedures. In order to help engineers make better choices during the design stage to avoid delays, Cofactr additionally offers users early access to supply chain data.

The company makes sure all progresses according to plan, from the new product introduction (NPI) to full-scale production. Pricing, supplies, and supplier performance data are unified so that teams can act freely and see the complete picture. From the email inbox, Cofactr's DocAI tool gathers important information from packaging slips, POs, and other documents, keeping everything transparent and synced. It also helps hardware businesses lower costs, improve development, and improve efficiency by up to 20% by combining team collaboration, logistics, and procurement in a single smart platform.

Third-Party Logistics (3PL)

Cofactr's smart, software-powered storage and setting systems improve the management of materials in industries that control a complex supply chain. Their platform reduces customers' work by speeding production preparation with exact, automated, and clear processes. From automatic counting to part inspections and combating counterfeiting checks, Cofactr offers fast setting services and safe, climate-controlled storage. Their offer is fully accountable and verified by digitally tracking dates, lot numbers, and certificates.

Engineering teams can avoid surprises using real-time, all-the-time stock data to gain accurate understanding. Important components are continuously watched, and they are informed if there’s any change in the supply chain. Based on the product's specifications and existing stock, orders are quickly developed with just one click. Cofactr helps hardware teams deliver products to market more quickly and to reduce delays—with greater security and less interruption—by focusing all materials management on a single platform and eliminating routine tasks.

Matthew Haber, Chief Executive Officer and Co-Founder

“Streamline your critical hardware supply chain, enhancing speed and accuracy in procurement. Cofactr connects engineering, procurement, and logistics teams in one platform, ensuring hardware manufacturers get exactly what they need when they need it, from BOM to build.”