IHS and ERAI Join Forces to Combat Counterfeit Parts

IHS Inc., a leading global source of critical information and insight, today announced an agreement with ERAI, Inc. to be its exclusive worldwide partner for delivering products and services designed to mitigate the risks associated with counterfeit, substandard and high-risk parts found throughout global supply chains. IHS has an exclusive agreement to sell ERAI products and services, while the two companies will jointly combine complimentary content, tools and expertise in order to further enhance their advanced supply chain and design capabilities.Together, ERAI and IHS will offer solutions in a manner that can more seamlessly address counterfeit part and supply chain risks in the following business workflows:• Qualify and Approve: Establish the robust infrastructure to mitigate risk through qualified and approved designs, suppliers and parts.• Manage and Avoid: Change management and updates to processes, tools and information to avoid counterfeit parts and susceptibility to other risks such as obsolete components.• Validate and Detect: Comprehensive information to support the validation, sampling and testing of components for manufacturing authenticity as well as the eventual quarantine of suspected counterfeit or inferior grade parts.• Report and Resolve: Capabilities to notify stakeholders, report occurrences and resolve incidents of counterfeits or problematic parts and suppliers after they have been identified.• Redesign and Resupply: Offerings to enable inventory replenishment and design or redesign of products or assemblies with sources of inventory or alternate parts, suppliers or designs. "Since we formed in 1995, ERAI has remained steadfast in our commitment to serve as the industry's leading source for enhanced critical data and risk mitigation tools that allow ERAI subscribers to reduce losses by having the tools to make more informed business decisions.", said ERAI President Mark Snider. "This exclusive agreement with IHS allows us to make good on this commitment by entrenching ERAI products and services into the larger global footprint of channels, customers and offerings it has to offer OEMs, while allowing us to infuse greater focus of ERAI resources on our solutions tailored to the independent distribution channels." "ERAI is a very significant partner for IHS," Lesem added. "It increases the breadth and depth of our existing offerings, and allows us to develop new products and services to better support our customers' critical decision-making needs for one of the world's most serious and growing supply chain threats."