LG Innotek uses AI to analyze 2 million components and produce quotes within 2 hours

LG Innotek has deployed an AI component selection system across all divisions: it standardized data on 2 million parts and estimates prices with 96% accuracy. Quote calculation time for new products has been cut by more than 70%.

• Database covers about 2 million capacitors, inductors and other components
• AI price estimation accuracy based on procurement history exceeds 96%
• Quote calculation time reduced by more than 70%
• Time to find optimal process conditions fell from 72 to 6 hours