The cooperative model offers advantages for the cooperation between producers and technical suppliers. The centralized master data management creates instantly a noticeable additional benefit for all involved parties. This results in economy of scale, increase of efficiency and cost reduction.
By the use of a centralized pool, master data of products from the producing industry are entered only once and offered to trade electronically. The suppliers have to send their master data to only one location. The effort for the suppliers is reduced to the maintenance of company individual value fields. So with the same number of people more products can be handled and a higher quality of master data can be achieved.
The master data pool is at the same time a service platform. IFCC as master data pool operator offers many services as e.g. securing the actuality of master data, the reliable quality inspection by experienced staff, a working and reliable plausibility check as well as interfaces to integratability into the ERP system.