April 24, 2013

Converge Enhances Q-Trade with Pathfinder

If we stop and think about how many programs and systems companies utilize to conduct business on a daily basis, it would make sense that they should all be working collaboratively to provide the highest caliber of service to its customers.

Procuring electronic components and managing surplus inventory in the independent market are already involved enough without having to worry about whether the systems a company has in place are accurately and effectively working together to your benefit.

Unfortunately, smaller, independent distributors and brokers may consider this type of system a luxury rather than a necessity. However, larger established independents realize that in order to maintain a competitive advantage in the global marketplace any system implemented should be accessible online in real-time, fully integrated, and in most cases, global.

In a previous blog post, we introduced readers to our Consignment Visibility Tool, which is only one component of Converge’s robust data management and analysis system, Q-Trade. Q-Trade is a proprietary, globally integrated system that provides our sales team efficient and timely data to meet our customers’ demand and supply chain needs. Q-Trade, consisting of a Global Visibility System (GVS), Master Parts Reference (MPR), Converge AutoMatchTM, and a Consignment Visibility System (CVS), has now added the benefits of “Pathfinder” to its list.

Pathfinder is a tool that identifies the best transactional opportunities in the marketplace for our customers by expanding different data sources used to match the supply and demand of electronic components. It uses automated analytics that simplify and improve our sales process while helping to identify larger opportunities and additional cost savings, increase matching probability, and provide shortage solutions and surplus inventory mitigation for Converge’s customers.

Pathfinder essentially helps bridge any gaps to form better partnerships in the marketplace between suppliers and buyers through repeat business, shorter fulfillment times, more available supply, and increased visibility to stock in the marketplace.

Pathfinder provides Converge with a competitive advantage and increased transactional velocity with our customers, which is a definite win-win.

For more information on our globally integrated systems and the services we provide, visit our website or contact us at info@converge.com.

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