PACT Enabled

Surge in electronic trading as PACT celebrates 10 years

  • Mark
  • Dec 12, 2017

Electronic trading between motor factors and component suppliers has reached an all-time high, as PACT, the joint venture between eparts and TecCom, celebrates its 10-year partnership in the automotive aftermarket.

Millions of messages – including stock enquiries and ordering, order acknowledgements, dispatch notes and invoices – are transacted every month, saving the distribution aftermarket valuable time and resource.

PACT electronic trading ‘sits’ on a parts distributor’s business management system such as MAM Software and connects with its supplier base, offering seamless trading efficiencies.

Today, more than 2000 motor factor locations are connected to 90-plus leading UK automotive component suppliers including Apec Braking, Delphi, First Line, Mann & Hummel, NGK, Tetrosyl, TMD Friction and ZF.

Peter Hollowood of PACT said: “We’ve seen a growing trend in the number of messages passed between a motor factor and its supply base. Factors are ordering more frequently, thanks to suppliers’ strong availability, service and delivery. Add to this the ease in which users can check a supplier’s stock and place orders, it’s clear that electronic trading is not only the norm but also the most popular method of trading in our sector.”

Further growth for the electronic trading solution has come from the appointment of new suppliers, along with establishing PACT in the commercial vehicle parts aftermarket.

Mark Rudge of PACT added: “PACT was created in response to market demand for a single electronic trading solution. Ten years on, the decision to join forces has proven to be correct and the growth in usage underlines this.

“Moreover, against the backdrop of an ever-changing trading landscape, PACT remains the single best way to reach all of your trading partners. Put simply, to trade electronically in the automotive aftermarket, PACT is now the standard. This makes our partnership every bit as relevant today as it was a decade ago.”

Recent News

  • MTS invests in electronic trading with customers

    Read more

  • Electronic trading part of Optimal UK’s evolution

    Read more

  • CPS Drivelink signs up to PACT electronic trading

    Read more

  • Electronic trading offers a “Total” solution to motor factoring

    Read more

  • TPCATS agrees electronic trading ‘PACT’

    Read more

  • Exol Lubricants invests in electronic trading

    Read more

  • Ajusa becomes PACT enabled

    Read more

  • PACT is on the rise

    Read more

  • TRICO joins ‘PACT’ electronic trading platform

    Read more

  • TruckStop Group becomes PACT enabled

    Read more

  • UAN G-Net electronic trading solution launched

    Read more

  • PACT extends agreement with GROUPAUTO for four more years

    Read more

  • PACT into finals for UK IT Industry awards

    Read more

  • PACT speaks exclusively to Richard Welland, Managing Director - WAIglobal

    Read more

  • ‘Braking’ new ground with electronic trading

    Read more

  • PACT saves motor factors & suppliers 50pence per transaction

    Read more

  • Quest signs up to PACT electronic trading

    Read more

  • PACT enabled supplier feature Q&A with Tim Brotherton, Elta Automotive Marketing...

    Read more

  • Suplex springs forward with PACT

    Read more

  • Wix Filtration races ahead with PACT

    Read more

  • QH Autoparts become fully PACT enabled

    Read more

  • Number of PACT connections soaring

    Read more

  • Comma grows export business with PACT

    Read more

  • PACT shows off an impressive CV with Juratek

    Read more

  • PACT proves the perfect winter companion for Platinum Batteries

    Read more

  • TecCom and eParts renew PACT agreement

    Read more

  • PACT proves its worth as aftermarket order lines and enquiries reach 3.5million per month

    Read more