OMP | January 30, 2023
OMP, one of the prominent providers of supply chain planning solutions, has recently launched Spark Initiative, a think tank, to research supply chain planning from an outside-in perspective. It will use massive external data and high-level technology to improve the decision-making of its customers.
The primary objective of the Spark Initiative is to provide the OMP community a platform to learn, share and test the outside-in capabilities. It will use data regarding weather and climate patterns, holidays, political and economic factors, consumption trends and data from smart devices to study the factors affecting the supply chain. In addition, it will collect real-time business feedback from customers and insights from a few selected companies for research, and its findings will be made public. The advisory board of the initiative comprises of leaders, academics, industry professionals and OPM experts, led by Lora Cecere, CEO of Supply Chain Insights, they will devise the conceptual framework and keep an eye on the pilot tests.
Dave Winstone, Global ISC Director at Dow and Spark Board Member, said, "I'm excited to participate in the Spark Initiative because it's the next frontier in supply chain planning." He added, "How do we harness all these signals out there? How do we identify which ones matter most to our business? What do they mean to us and to our ecosystem partners? In the end, it's not companies that compete, but the ecosystems around us. We have to make the ecosystems more effective to be able to stay competitive. And I believe this initiative will bring us one step closer to that goal."
(Source – Globe Newswire)
Philip Vervloesem, Senior Vice President of OMP USA, said, "Now is the time for supply chain leaders to redefine their planning processes. The active participation of Fortune 500 companies like Dow, General Mills, Nestlé, and Land O'Lakes confirms the need to explore groundbreaking ways of planning. I look forward to deep-diving into this fresh pool of possibilities together with our valued customers."
(Source – Globe Newswire)
OMP is a software company providing customized supply chain planning solutions. Its global clients include ArcelorMittal, BASF, Michelin, Procter &Gamble, Dow, Shaw, Yoplait, Shell, Smurfit Kappa, and Shell. Headquartered in Belgium, it has a vast network of partners needed to optimize supply chain performance for clients anywhere. It renders industry-specific solutions from consumer goods to metals. Its digitalized supply chain planning solutions helps companies to channelize their excellence and growth.
Descartes | January 24, 2023
On January 23, 2023, Descartes Systems Group, which provides solutions for logistics-intensive businesses, announced that Topps Tiles, a UK-based tile retailer, is using Descartes' cloud-based route optimization and planning solution to boost fleet delivery capabilities. Topps Tiles is reducing the average kilometers driven per delivery route by 2% through its collaboration with Descartes. The solution also helps Topps Tiles identify the potential impact of delivery strategy changes.
Descartes' route planning and optimization solution is an aspect of its Routing, Mobile, and Telematics suite. It assists in lowering costs with more efficient and agile routing, enhancing fleet resource management by generating increased delivery capacity, and growing sustainability by reducing their CO2 footprint and paper use across the route network.
Companies can use strategic route modeling to understand and refine their customer service and delivery strategies before implementing them. Descartes' mobile application aids drivers in completing their daily routes, keeps managers informed of progress, and provides an accurate estimated time of arrival (ETA) to alert customers of their deliveries. In addition, real-time mobile communication allows proof of delivery (POD) functionality support that facilitates excellent customer service and order accuracy.
Pól Sweeney, VP of Fleet Sales in Europe at Descartes, said, "Topps Tiles' long-term success is based upon its ability to continually provide customers with a superior shopping experience while offering cost competitive pricing." He added, "We're delighted to help Topps Tiles minimize its operational costs today through our route planning and optimisation solution and in the future with our strategic route modelling capabilities."
(Source – GlobeNewswire)
About Descartes Systems Group
Based in Waterloo (Ontario), Descartes offers software-as-a-service solutions that improve the productivity, security, and performance of logistics-intensive businesses. Customers work with one of the world's largest, collaborative multimodal logistics community to carry out various tasks, including routing, scheduling, tracking, and measuring delivery resources; planning, allocating, and executing shipments; rating, auditing, and paying transportation invoices; and completing many other logistics processes. As a result, the company helps safely and securely get assets, information, inventory, and people where and when needed.
PROCUREMENT AND SOURCING,TRANSPORTATION
Ritchie Bros. | January 16, 2023
Ritchie Bros. announced the purchase of a controlling stake in VeriTread, a market leader in transportation technology and services.
This purchase will advance the marketplace strategy of Ritchie Bros., which integrates services, data, and transaction solutions to enhance the entire customer experience. VeriTread was established in 2013, bringing a legacy of expertise in constructing heavy-haul transportation platforms and solutions for industrial equipment, cars, and other assets.
Ritchie Bros. CEO, Ann Fandozzi, said, "VeriTread adds to our suite of services supporting the needs of equipment owners throughout the equipment lifecycle. At the same time, it also helps create a more efficient global marketplace by integrating transportation solutions directly into our new marketplace technology."
VeriTread is designed to be an effective and dependable solution for open deck transport, connecting shippers and service providers via a simple and robust system. The company's solutions include a marketplace for listing and pricing shipments, an in-house brokerage to manage complicated and urgent freight deliveries, complete equipment specs and unique freight estimator tools, and much more.
Founder, President & CEO of VeriTread, Jeff Cox, said, "VeriTread is thrilled to become a bigger part of the Ritchie Bros. marketplace, helping customers and the company transport equipment more efficiently." He also stated, "Together we are focused on delivering an extraordinary customer experience, with trustworthy and reliable transportation for heavy equipment, vehicles, and other industrial assets. We are nimble, flexible, and can't wait to get started!"
Source – Cision PR Newswire
Earlier, Ritchie Bros. owned 11% of VeriTread. With this purchase, it has increased its stake to 75%.
About Ritchie Bros.
Ritchie Bros., founded in 1958, is a worldwide asset management and disposal firm that provides clients with end-to-end solutions for purchasing and selling trucks, old heavy equipment, and other assets. It operates in various industries, such as transportation, construction, agriculture, oil and gas, mining, energy, and forestry. The firm's selling channels include - Ritchie Bros. Auctioneers, the world's largest industrial auctioneer, which offers live auctions with online bidding, and IronPlanet, an online marketplace with once-a-week featured auctions that provide exclusive IronClad Assurance® equipment condition certification.