XChangeIT (XIT) is a consortium comprised of Australia’s leading magazine distributors. It provides an electronic trading platform for newsagents and distributors to share delivery, sales, and returns data and information. The XIT system connects independent newsagents with the product suppliers, via their PC-POS systems. The software application resides in-store interfacing a variety of POS Systems with a central server. XchangeIT simplifies core business transactions in the supply chain and provides statistically reliable data for distributors to make crucial business decisions.
XIT uses the following data elements:
Delivery Data – from distributor to the retailer Scanned Sales Data – from the retailer to the distributor Returns Data – from the retailer to the distributor.The XIT system is currently subscribed to by over 2,370 newsagent retailers. XChangeIT operates in the B2B and Enterprise Software industries, making it a significant player in the digital transformation of supply chain processes within the magazine distribution sector. Despite the absence of specific details on funding and investors, XChangeIT showcases potential for growth and industry impact.
