Technical procurement intelligence

From Technical Drawings to Strategic Decisions.

We don’t just connect data — we empower decisions. With COVALYZE, your technical drawings become structured data, your procurement information gains new context, and every choice you make is guided by intelligence, not assumption.

PartIQ → Analytics BR-7412-08 Target price ready
01 INPUT · BR-7412-08.PDF
2000 260 12 × Ø14 SECTION A–A 180 t = 8 PART NO.BR-7412-08 MATERIALS355 SCALE1 : 20
02 EXTRACT · PART_ATTRIBUTES.JSON
01 {
02 "id": "cad_document_7412",
03 "title": "Welded Beam Support",
04 "units": "mm",
05 "material": "S355 Steel",
06 "plate_thickness_mm": 8,
07 "overall_dimensions": {
08 "length": 2000,
09 "height": 260,
10 "flange_depth": 180
11 },
12 "features": {
13 "holes": [{ "diameter": 14, "qty": 12 }],
14 "welds": [{ "type": "fillet", "size": 6 }]
15 },
16 "tolerance_class": "ISO 2768-mK",
17 "confidence": 0.97
18 }
01 {
02 "id": "cad_document_9310",
03 "title": "Terminal Housing",
04 "units": "mm",
05 "material": "PA66-GF30",
06 "wall_thickness_mm": 2.5,
07 "overall_dimensions": {
08 "length": 240,
09 "width": 120,
10 "height": 46
11 },
12 "features": {
13 "bosses": [{ "diameter": 8, "qty": 4 }],
14 "ribs": [{ "thickness": 1.5, "qty": 6 }]
15 },
16 "draft_angle_deg": 1.5,
17 "cavities": 4,
18 "confidence": 0.96
19 }
01 {
02 "id": "cad_document_2288",
03 "title": "Drive Shaft",
04 "units": "mm",
05 "material": "AlMg4.5Mn",
06 "overall_length_mm": 186,
07 "diameters": {
08 "journal": 36,
09 "body": 56,
10 "thread": "M20x1.5"
11 },
12 "features": {
13 "keyway": [{ "width": 8, "depth": 4 }],
14 "chamfers": [{ "size": 1.5, "qty": 4 }]
15 },
16 "surface_finish": "Ra 0.8",
17 "tolerance_class": "ISO 2768-fH",
18 "confidence": 0.98
19 }
03 ANALYZE · Steel fabrication
Benchmark match 143 similar parts
Current price 41.20 €
Benchmark median 37.80 €
Target price 34.60 €
Cost drivers
Material 46%
Machining 28%
Welding 18%
Surface 8%
8.4%
Savings potential
12.400 €
Per year, this part
GDPR compliant Data residency EU NDA on request

HOW WE HELP

Experience our solutions

COVALYZE Analytics product preview

COVALYZE Analytics

AI-powered cost optimization platform that analyzes spend patterns, identifies savings opportunities, and delivers strategic insights across 90+ procurement categories.

Explore COVALYZE Analytics
COVALYZE PartIQ product preview

COVALYZE PartIQ

Our service that digitalizes 2D technical drawings and extracts all technical parameters from thousands of different commodities.

Explore COVALYZE PartIQ
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Trusted by Industry Leaders
Leading manufacturing and engineering companies rely on COVALYZE

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FAST TRACK OFFER

Digitalization Fast Track — Limited Availability

Target prices for one commodity.
Intwoweeks.

We convert your PDF drawings and spend data into structured cost drivers, quantified savings potential, and negotiation-ready target prices. Fixed scope. Fully managed. Results in 2 weeks.

2 Weeks delivery
200 Parts analyzed
6.5% Avg. savings found*
1 Commodity group
  • Technical drawing extraction from 2D PDFs (>95% accuracy)
  • Feature-based target prices per part number
  • Savings quantification — structured and defensible
  • Similar parts & consolidation detection
  • Results walkthrough session with a specialist

Fixed fee

19.500 €

One commodity group · Up to 200 parts · 2-week turnaround

Book the Fast Track

Limited slots per month — contact us to check availability

GDPR compliant · Data residency EU
Fixed scope — no hidden costs
Results walkthrough included

* 6.5% average savings potential is based on Fast Track and full-platform engagements since 2019. Actual results vary by commodity, supplier base, and data quality.

The DARIN methodology

Most companies learn what a part costs when the quotation arrives.

By then the design is frozen and the supplier is set, and only a few percent are left to negotiate. DARIN puts the number in front of that moment: a should-cost calculation per part, plus five levers that show where the price can actually come down.

Explore the DARIN methodology

Our process

From technical drawings to better cost decisions

COVALYZE turns fragmented engineering and procurement data into actionable cost intelligence. PartIQ extracts what a part is, COVALYZE Analytics connects it with what you buy, and DARIN identifies where and how the cost can be reduced.

01 Understand the part. Extract technical parameters from drawings and CAD files.
02 Understand the spend. Combine technical data with prices, quantities, suppliers and ERP information.
03 Optimize the cost. Quantify the five levers that can actually change the cost: Design, Automate, Re-locate, Identify, Negotiate.

Our numbers say it all

6.5%
Avg cost savings
1B€+
Spend analyzed
250+
Categories
50+
Applied in customer projects
Engineer marking up printed technical drawings at a desk
Engineering and procurement, one data model 16 : 9

01 · Inputs

PartIQ
Understand the Part

Extract technical parameters from drawings and CAD files.

Procurement data
Understand the Spend

Connect prices, quantities, suppliers and spend from your ERP.

02 · Data layer

COVALYZE Analytics
Part level
Connect the Data

Combine engineering and procurement data at part level.

03 · Cost optimization

DARIN
Find the Cost Levers
5 levers
D Design Specification and variant cost
A Automate Process and machine hours
R Re-locate Footprint and factor costs
I Identify Outlier parts and price gaps
N Negotiate Target price per part

Quantify where savings are achievable and what each lever is worth.

Turn cost potential into action

Ready to get started?

Schedule your Meeting today.

Learn more about how COVALYZE helps you digitalize and leverage your technical specifications into real insights.

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OUR SOLUTION

Understand whats driving your prices

COVALYZE Analytics turns your spend and technical data into actionable insights. Analyze costs, evaluate suppliers, and make smarter sourcing decisions powered by data, not guesswork.

Get Started
Commodity Insights dashboard preview
Feature Pricing dashboard preview
Savings Potential dashboard preview
Similar Parts dashboard preview
Supplier Relocation dashboard preview
Supplier Margin dashboard preview

Powered by 25 Years of Experience

From CAD Files to Insights in Hours — Not Weeks.

With our proprietary multi-AI extraction system, COVALYZE PartIQ processes your technical drawings in hours, not days or weeks. Our experts deliver structured, accurate results tailored exactly to your requirements — ready to integrate with your procurement and analytics workflows.

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Your Path to Procurement Excellence

Discover how COVALYZE transforms your procurement process from analysis to optimization in three strategic phases.

Expert guidance for cost optimization

Book a Demo
01 Analysis

Data collection and spend analysis

We gather and digitize your procurement data, technical drawings, and supplier information to create a comprehensive view of your spending patterns.

30%

~1 week

02 Optimization

AI-powered cost reduction

Our machine learning algorithms identify savings opportunities across 90+ categories, analyzing over 1 billion € of spend data to find optimal pricing.

75%

~2 weeks

03 Implementation

Realize your savings potential

Execute on identified opportunities with our category experts and achieve an average of 6.5% cost reduction per category through intelligent procurement.

100%

Ongoing

Customer Success

Trusted by Industry Leaders

Leading enterprises work with COVALYZE to transform their procurement operations. Our product and services deliever measurable cost savings and actionable intelligence across complex technical categories.

Frequently asked questions.

General

COVALYZE is a data analytics platform that helps companies achieve sustainable cost reductions by digitizing and analyzing technical product data. It combines two powerful products: PartIQ (multi-agent AI for digitizing technical drawings and documents) and Analytics (for identifying cost-saving opportunities through data-driven insights). COVALYZE enables companies to make strategic decisions based on technical features, supplier performance, and market benchmarks. When applying COVALYZE in product development and using our unique target price calculator for new designs, product cost savings of up to 30% are possible!

Analytics

COVALYZE Analytics is a powerful cost optimization platform that combines technical product features with commercial pricing data to identify savings opportunities. It provides four key capabilities: (1) Margin Analytics – revealing which suppliers earn above or below-average margins on your business, (2) Savings Calculation – identifying price outliers and quantifying savings potential, (3) Similar Parts Analysis – finding technically comparable parts with better prices, and (4) Target Price Calculator – generating data-driven target costs for negotiations. The platform has analyzed over €2.1 billion in spend across 110+ categories since 2019.

PartIQ

PartIQ is a multi-agent AI system that automatically digitizes technical drawings and documents into structured, analyzable data. It achieves >95% recognition accuracy from 2D PDF drawings and can extract over 2,500 line items from a single DIN A0 page. PartIQ handles complex technical documents including: drawings with variant tables, multi-page BOMs, wire harnesses, mechanical parts, electronic components, and more. The platform reduces engineering effort in data processing by up to 30% and transforms weeks of manual work into minutes of automated processing. PartIQ provides the technical data foundation needed for COVALYZE Analytics and other AI applications.