Trading through the PACT initiative – the process of placing enquiries and ordering parts between a buyer (motor factor / distributor) and components supplier online – has now reached 3.5million lines monthly.
Previously, these enquiries and orders would have been communicated through the telephone or fax and manually processed taking up valuable time and resources.
PACT automates this real time ordering and enquiry process, as well as the exchange of order acknowledgements, dispatch notes and invoices, all of which are proven to significantly improve internal processes for a motor factor and also help eradicate the supply of incorrect parts as the opportunity for human error is all but removed.
New buyers and suppliers are joining PACT every month, boosting its already established 25,000 business relationships and this will continue to grow as PACT targets the commercial vehicle aftermarket.
On average, a UK parts distributor / motor factor is connected to at least 14 component suppliers.
Peter Hollowood, director of TecCom UK Ltd, said: “The UK automotive aftermarket is often lambasted for its failure to modernise or embrace new opportunities and technologies but PACT proves this is just not the case. Parts distributors and suppliers are using PACT technology to effectively manage their entire ordering process and, as a result, are saving themselves considerable time, money and resources.”