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Verical white paper shows how to protect supply chain from counterfeit parts
San Francisco, Calif. — Verical Inc., the Electronics Components Marketplace, has released a white paper to help manufacturers combat counterfeit electronics components. The company also recently announced the production launch of its online trading platform for global high-tech manufacturers and distributors of electronic components.
The white paper, The Real Solution to Fake Parts: Securing Supply Chains through Data Transparency and Better Market Design, looks at the risks that counterfeit electronic components pose to high-technology manufacturing and to the overall global economy. It also provides details about the size and scope of the problem, the types and causes of counterfeiting, and ways to protect the supply chain against the introduction of counterfeit parts.
Verical says it uses information and technology to create a unique scoring system for component parts in its “Verical Marketplace” catalog, which optimizes transactions within the industrial supply chain for sellers faced with disposing of excess inventory and buyers faced with component shortages, thus reducing major risks in the supply chain.
Unlike third-party auction houses and consignment sales, the Verical Marketplace permits only authorized channels and original owners of component parts to sell pedigreed inventory, said the company. The scoring system assigns a score to each component part based on how far back Verical is able trace its chain of custody. The higher the pedigree score, the further up the supply chain the component is traceable.
The end result is sellers can monetize unused assets at a greater return on their inventory investment, and buyers can manage their purchase risk and expedite their shortage fulfillment, said Verical.
Verical cites research from the U.S. Department of Defense that found that 15 percent of the shortage parts in its supply chain were fakes, with the number growing at a compound annual growth rate of 25 percent from 2005 to 2008.
The Verical Marketplace currently serves 3,200+ buyers from small electronics firms to global high-tech manufacturers, with 27,000+ unique part numbers from more than 230 manufacturers, including IDT, Molex, NXP Semiconductors, Texas Instruments, and Tyco Electronics.
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[...] Verical white paper shows how to protect supply chain from counterfeit parts [...]