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New Online Community Combats Obsolescence and Counterfeit Risk in the Supply Chain with Crowdsourcing

document Distributed Knowledge

4/11/2014

New Online Community Combats Obsolescence and Counterfeit Risk in the Supply Chain... -- KELLER, Texas, April 9, 2014 /PRNewswire/ --

New Online Community Combats Obsolescence and Counterfeit Risk in the Supply Chain with Crowdsourcing
The Trusted Global Buyers Network tackles the challenges of the electronic component grey market by allowing buyers and engineers to rate and review suppliers, connect, collaborate, learn, and locate hard-tofind parts from member-rated sources of supply.

Making Counterfeit Obsolete w ith Social Media. (PRNew sFoto/Netw ork Product Solutions, LLC)

KELLER, Texas, April 9, 2014 /PRNewswire/ -- Network Product Solutions, LLC, a veteran-owned start-up specializing in building social ecosystems that allow users to solve complex challenges, has announced the launch of the Trusted Global Buyers Network (TGBN). Unlike a part inventory aggregation engine or internet trading platform, TGBN harnesses the power of social media and online community for the first time in this industry to match buyers to member-rated sources of supply. By the time a buyer reaches TGBN, they have most likely exhausted their own network of authorized channels and have little choice but to turn to the multi-billion dollar grey market. This market is comprised of both reputable and disreputable independent distributors and brokers. "Today, buyers purchase parts from independent distributors primarily when they cannot find inventory at authorized sources," said Ed Odette, founder and president of NPS. "TGBN offers buyers and engineers the ability to collaborate and share their experiences with suppliers by rating them based on their quality, compliance controls, trustworthiness, and warranty." "The technology has been there to mitigate false availability problems; the willpower has been missing," said John Becker, former Special Assistant to Deputy Undersecretary of Defense (DUSD) for Logistics & Materiel Readiness (L&MR;). "TGBN's approach opens up new ways to mitigate the problem." TGBN uses the knowledge and power of buyers worldwide – also known as crowdsourcing – to make transparent the good, the bad, and the ugly of the supply chain. TGBN members can engage with other members on forums to help make wellinformed sourcing decisions, rate and review suppliers, and access and share best practices and resources. Powered by the IHS CAPS Universe electronic component database, the TGBN Dashboard offers members the opportunity to purchase inexpensive but critical part information on a part-by-part basis that can help them proactively mitigate risk. The Grey-Market Elephant in the Room Product obsolescence and end-of-life poses a serious problem for engineers and one that has contributed to a dramatic increase in counterfeiting. A part used by an engineer in their design today has, on average, three years before it is out of production. With an estimated 500,000 components going obsolete each year, buyers and engineers can't always get the parts from their normal sources. Of the over $300 billion semiconductor market alone, the grey market furnishes five to 10 percent of
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4/11/2014

New Online Community Combats Obsolescence and Counterfeit Risk in the Supply Chain... -- KELLER, Texas, April 9, 2014 /PRNewswire/ --

that. By not acknowledging the necessity of the grey market, manufacturers have left buyers to their own devices when determining what suppliers in the grey market they can trust. The China Syndrome Recycling e-waste, while an environmentally and socially responsible process, further contributes to the counterfeit problem. Of the nearly 50 million metric tons of e-waste generated worldwide, 70 percent ends up in China where it is often picked apart, remarked, and sold as new. A new Solution to the Problem Knowledge of and access to tools to mitigate counterfeit risk and address obsolescence are not always readily available to small- and medium-sized business, in particular. Best practices, standards, and important oversight organizations such as SAE, IDEA, and GIDEP are all valuable resources for buyers. While decades of risk mitigation strategies have added some transparency to the situation, current efforts struggle to keep up with the dramatic rise in counterfeiting and increased sophistication of counterfeiters. By offering a social networking platform for buyers and engineers to collaborate, the TGBN online community presents a unique and new approach in the fight against counterfeit electronic components. Related Links NPS At A Glance – Fact Sheet TGBN Media FAQs Images, Logos, and other graphics About NPS (www.networkproductsolutions.com) Network Product Solutions, LLC (NPS) is a veteran-owned start-up specializing in building social ecosystems that allow users to solve complex challenges. NPS offers nearly 75 years of combined experience in the supply chain, as well as industryleading expertise in B2B social media strategy. The first offering from NPS, the Trusted Global Buyers Network (TGBN at https://www.tgbn.com), is a community for buyers, electrical engineers, and suppliers where they can connect, collaborate, learn, and locate hard-to-find parts. Further information is available at www.networkproductsolutions.com and https://www.tgbn.com sources available upon request CONTACT: Aimee Kalnoskas (973) 590-9910 aimee@networkproductsolutions.com Photo - http://photos.prnewswire.com/prnh/20140409/DA01492-INFO SOURCE Network Product Solutions, LLC

RELATED LINKS http://www.networkproductsolutions.com

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Summary
Network Product Solutions, LLC, a veteran-owned start-up specializing in building social ecosystems that allow users to solve complex challenges, has announced the launch of the Trusted Global Buyers Network (TGBN). Unlike a part inventory aggregation engine or internet trading platform, TGBN harnesses the power of social media and online community for the first time in this industry to match buyers to member-rated sources of supply.

Description
TGBN uses the knowledge and power of buyers worldwide – also known as crowdsourcing – to make transparent the good, the bad, and the ugly of the supply chain. TGBN members can engage with other members on forums to help make well-informed sourcing decisions, rate and review suppliers, and access and share best practices and resources. Powered by the IHS CAPS Universe electronic component database, the TGBN Dashboard offers members the opportunity to purchase inexpensive but critical part information on a part-by-part basis that can help them proactively mitigate risk.

SOURCE:http://www.prnewswire.com/news-releases/new-online-community-combats-obsolescence-and-counterfeit-risk-in-the-supply-chain-with-crowdsourcing-254535571.html

Tags: Crowdsource, Crowdsourcing, Online community, Social Media, TGBN

Posted by Adam Frazer

Apr 11, 2014 11:59 am GMT Viewed 3915 times

Author: Network Product Solutions, LLC Source

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