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Supplier Rating System Launched
03/04/2010
By: Seth Berman

(April 2, 2010) GoodFactories.com and Panjiva Strike Partnership

GoodFactories.com announced a strategic data integration with Panjiva, an innovative trade intelligence website. The deal will give home furnishing buyers instant access to powerful trade information alongside supplier profiles and product search engine.  (See attached image)

Through this partnership, each company will gather, aggregate and filter data to be used in the Panjiva intelligence platform and on GoodFactories.com. This adds more high quality data sources for buyers and supply chain managers to help overcome the common problem of finding good overseas suppliers.

Through the integration, buyers on GoodFactories will see Panjiva supplier shipment ratings with qualified suppliers and offered a link to the Panjiva data.  Suppliers on GoodFactories.com, will now have their profiles and products dynamically delivered and surfaced to companies using the Panjiva platform, whose customers include The Home Depot, Leggat and Platt and thousands more. 

“Just as the App Store connects iPhone users with applications they want, onPanjiva connects global businesses with relevant information they need to engage in global trade and mitigate supply chain risk,' said James Psota, Panjiva co-founder and chief technology officer."

Both companies have been using similar data and processes to help importers find good overseas manufacturers using U.S. Customs Shipment Data.  From the shipment data, they are able to analyze what and whom manufacturers are shipping to.  Panjiva’s role is to refine and augment this data with other sources, and make it simple for buyers to research new and existing suppliers.  GoodFactories role has been to filter through this data, and contact the best suppliers, review their company, and add them to the GoodFactories.com database.

“Finding good factories overseas has always been a tough challenge in the home furnishings industry” said Seth Berman, CEO and founder, Good Factories.com. “With our partnership with the onPanjiva platform, we are quickly making the internet the best tool for overseas sourcing”.

----------About Panjiva----------

"Panjiva (http://panjiva.com) is an online resource for sourcing executives to gain valuable knowledge about suppliers around the world.  By providing the most comprehensive data in an easy to use format, Panjiva informs the decisions that facilitate doing business globally.  Supply chain and global production executives responsible for finding the right factories, negotiating costs and avoiding costly supply chain disruptions have been “flying blind.”   Panjiva is the first and only online information source designed to provide complete transparency into overseas suppliers.  Leveraging a variety of public and proprietary data sources, Panjiva is bringing new levels of visibility to the management of global supply chains."

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