KIMONEX

Kimonex - Redefining Industrial Sourcing Aim: Replacing manual industrial sourcing with an advanced intelligent algorithm that matches the right supplier for any part. The Problem: Industrial sourcing is a manual process. The professional communication between product creators and industrial suppliers is done manually for every single material and part, using spreadsheet and email. This ineffective process causes up to 30% inefficiency in product cost and time-to-market. The Solutio... n: Kimonex cloud-based advanced intelligent algorithm connects product creators with industrial suppliers based on product data. Kimonex helps product development and manufacturing companies make more cost- effective products, in faster time-to-market, while helping industrial suppliers get high- quality leads at earlier stage. The Product: An intelligent cloud-based software for product data management with advanced algorithm to match industrial buyers and sellers. Timing: The modern agile manufacturing technologies require modern & agile product management software. Competition: Kimonex's competitors are manual tools on one end (spreadsheet & email) and PLM tools on the other end. Market Size: $700,000,000,000/year of products, materials, and parts are sourced manually using spreadsheets and email. *Based on IBIS World Business Model: Stage 1. Purchasing: Freemium. Stage 2. Suppliers: Subscription $7,000-10,000/yr. Stage 3. Distribution: 2-3% of deals.More