This Spend Matters Vendor Analysis provides an overview of PartSpace AI, a costing and cost analytics solution.
Industrial manufacturers are under growing pressure to manage costs (tariff volatility is one of the drivers), increase transparency and accelerate sourcing decisions. Traditional cost engineering and procurement processes remain fragmented and data-poor. Most enterprises still rely on spreadsheets and manual analysis to understand cost drivers hidden in CAD drawings, technical PDFs and ERP records. The result is opaque supplier pricing, duplicated designs and untapped savings potential across thousands of components.
PartSpace AI tackles this long-overlooked pain point with a data-driven, AI-native platform that turns design data into purchasing intelligence. Its cloud solution analyzes millions of 2D/3D technical drawings and purchasing records to reveal real manufacturing costs, predict suppliers and highlight negotiation levers. By bridging engineering and procurement, PartSpace AI introduces a new level of automation and speed to direct-material sourcing, helping industrial buyers identify up to 12% savings on direct material spend within weeks of deployment.
This Vendor Analysis provides an overview of PartSpace AI, looks at the competitive landscape, provides selection considerations and closes with an analyst summary.
Here’s why PartSpace AI matters:
