Texas Instruments automates the purchasing experience with TI store APIs

Rhea-AI Summary

Texas Instruments (TXN) announced the launch of a new suite of application programming interfaces (APIs) aimed at streamlining the purchasing process for manufacturers. These APIs provide real-time inventory data for TI analog and embedded processing products, enabling procurement systems to enhance ordering efficiency and accuracy. Key benefits include faster automated ordering, self-service connectivity, and flexible payment options across 45 countries. TI's initiative is designed to improve visibility and cost management for its customers, solidifying its position as a leader in the semiconductor industry.

Positive

• Launch of TI store APIs improves access to real-time inventory data.
• Faster and more automated ordering process enhances purchasing efficiency.
• Self-service connectivity with comprehensive API documentation supports customer implementation.
• Flexible payment options and management of cash flow for customers in 45 countries.

Negative

• None.

DALLAS, Nov. 1, 2022 /PRNewswire/ -- Semiconductor supply assurance continues to be a priority in the electronics industry. Texas Instruments (TI) (Nasdaq: TXN) today announced a major step forward to help manufacturers get the products they need, introducing a suite of application programming interfaces (APIs) that provide unprecedented access to accurate, real-time inventory information about available TI analog and embedded processing products.

"Companies are looking for ways to streamline their ability to better forecast their supply needs and speed time to market – and that means working directly with their suppliers," said Mark Roberts, senior vice president of worldwide sales and marketing at TI. "We are excited to be the first semiconductor manufacturer to launch these APIs, giving our customers the clearest visibility into TI's inventory of authentic products and a more convenient purchasing experience."

TI store APIs allow customer procurement systems to link directly to TI systems and quickly exchange data digitally. TI customers can use these APIs to customize their ordering process and purchase TI products when they are immediately available. Access to real-time TI inventory data helps procurement teams reduce cost and delays, while improving the accuracy of the information they receive. Learn more about TI APIs at www.ti.com/api.

Benefits of TI store APIs:

• Faster, more automated ordering. TI store API access reduces the time and steps needed to order products. Automation speeds the purchasing process, making it easier for purchasing managers to understand their true inventory situation and more accurately forecast their actual supply needs.
• Self-service connectivity. TI provides resources with API documentation such as workflow integration guides and pre-developed starter code to connect to the suite of TI store APIs. Additionally, customers can leverage a dedicated TI E2E™ design support forum to receive support as they test and implement functionality.
• Flexibility in payment and fulfillment. TI helps its customers manage their cash flow more effectively. For those ordering through the TI store API, TI accepts payments in over 15 currencies and multiple payment options, including bank transfer, Apruve or net 30 line-of-credit terms. TI also acts as importer of record in 45 countries, helping customers achieve savings on customs clearance fees.
• A consistent, familiar ordering process. Customers can customize order entries to match the look and feel of their internal procurement teams, simplifying the order process.

"Connecting to TI through our new suite of APIs gives our customers the ability to automate the purchasing process using the practices, controls and methods that best fit their individual business model," said Jason Raboy, online catalog business director at TI. "There has never been a more convenient way to access available, authentic TI inventory, nor so many customizable ways to obtain it."

About Texas Instruments

Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures, tests and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, communications equipment and enterprise systems. Our passion to create a better world by making electronics more affordable through semiconductors is alive today, as each generation of innovation builds upon the last to make our technology smaller, more efficient, more reliable and more affordable – making it possible for semiconductors to go into electronics everywhere. We think of this as Engineering Progress. It's what we do and have been doing for decades. Learn more at TI.com.

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SOURCE Texas Instruments

FAQ

What are TI store APIs introduced by Texas Instruments?

TI store APIs are a suite of application programming interfaces that provide manufacturers with real-time access to TI's inventory of analog and embedded processing products, enhancing the purchasing process.

How do TI store APIs benefit customers?

They allow for faster automated ordering, self-service connectivity, flexible payment options, and improved visibility into inventory, enabling better cost management.

When was the launch of the TI store APIs?

The TI store APIs were launched on November 1, 2022.

What is the impact of TI store APIs on supply chain management?

The APIs facilitate streamlined ordering and inventory management, helping procurement teams reduce costs and delays while improving forecasting accuracy.