Markit Leverages 1WorldSync to Enable Confident IT Procurement Decisions
1WorldSync DataSource Creates Single Source of Rich Product Information for 4.5 Million SKUs
Markit Leverages 1WorldSync to Enable Confident IT Procurement Decisions
1WorldSync DataSource Creates Single Source of Rich Product Information for 4.5 Million SKUs
Results Worth Measuring
Return merchandise authorization rate reduction
Businesses served since integration
Products sold across 72 countries
Opportunity
Help clients reduce the time and money spent on purchasing their IT hardware and accessory requirements. Markit was seeking a solution to increase efficiencies and ensure all content is consistent and reliable.
Solution
DataSource : Learn More
DataSourceconverts non-standardized product information from multiple sources into consistent content that is the foundation of retail and distributor websites.
Publishing components fill product pages with essential information:
- Product Information
- Categorization
- Parametric Search
- Comparisons
- Compatibility
- Integration Methods
DataSource allows Markit to supply accurate data to its customers instantly, engendering confidence in international IT procurement rollout programs for thousands of multinational clients. “1WorldSync’s reliable product data and parametric search functions are critical elements of Markit’s IT marketplace,” said Peeter Tamm, Head of Product at Markit. “Parametric & predictive search functions and comparable real-time pricing of available stocks deliver a fast, accurate and user-friendly solution to help our clients find the right IT hardware and accessory products at the right time, at the right price. Accurate product data also contributes to lower return rates which contributes to reduced GHG emissions related to product handling.”
1WorldSync has the best coverage in the market. We haven’t found a better solution yet.”
Results
1WorldSync’s reliable product data and parametric search functions are critical elements of Markit’s IT marketplace. DataSource and Markit’s partnership has led to impactful results:
- Single source of rich product information for 4.5 million SKUs
- Return merchandise authorization rate reduced by 50% in past three years
- 41K businesses served since integration
- 14 million products sold across 72 countries since integration
These consistently delivered features and data points engender confidence in international IT procurement rollout programs for our multinational clients. As Markit expands ever further to match our clients’ footprints we welcome and value partners with reliable global solutions.”
Thousands of international companies across 5 continents are saving considerable amounts of time and money by sourcing and buying their IT hardware and accessories through Markit’s marketplace and procurement solution. Markit clients compare prices and delivery times in real time in our marketplace of over 4.5 million unique IT products. In 2021, they saved an average of 11.7% on average market prices and thousands of hours by using Markit to manage, centralise, and streamline their IT purchasing. Founded in Estonia in 2003, Markit is now working in over 38 countries. In 2021, Markit’s revenue was 178.7M euros – up 46% on 2020.
TAKE THE CHASING OUT OF IT PURCHASING WWW.MARKIT.EU Markit Holding AS, Jalgpalli 1, 11312 Tallinn, Estonia Tel: +372 666 9900
Company
Markit is an IT hardware and accessories marketplace and procurement solution
Headquarters
Tallinn, Estonia
Industry
Information Technology
Summary
- 13 years of data-driven partnership
- 4.5 million SKUs
- Return merchandise authorization rate reduced by 50% in past three years
- 41K businesses served since integration
- 14 million products sold across 72 countries since integration