PACT Enabled

Number of PACT connections soaring

  • Mark
  • Feb 24, 2014

The number of electronic trading connections made from automotive suppliers to motor factors is soaring, according to PACT, the trading initiative from TecCom and eparts.

PACT has identified that the majority of new connections have come from multiple factor branch operations that wish to connect each branch within their network to automotive suppliers.

This, PACT believes, is due to the real time benefits experienced such as the ability to sell more products more quickly and at a lower cost of sale due to the efficiencies created by automated communication of sales enquiries, orders and the seamless exchange of essential documents and information such as order acknowledgements, dispatch notes and invoices.

PACT has also proven popular with ‘new to market’ suppliers wishing to target a critical mass of parts distributors or grow their export business.

“Connectivity and electronic trading is now a way of life in the automotive aftermarket,” said eparts director, Mark Rudge. “Motor factors are now experiencing the full benefits and efficiencies created from electronic trading and its role in enabling growth without the need to substantially increase the workforce.

“PACT has changed the dynamics in the automotive industry. It would take a considerable amount of time and resources to manually input orders, create invoices and manage the goods inwards process. PACT automates all these process reducing cost, time and waste. The automotive aftermarket is fully connected and, as a result, changing perceptions of our trade.”

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