Ferguson joins Trimble Supplier Xchange, streamlining the construction supply chain.
Trimble's Supplier Xchange handles 10,000+ digital connections, 18B in monthly quotes.
This integration automates pricing info to purchase orders, reducing errors and streamlining workflows.
Trimble, a leading technology, software, and services solutions provider for the architecture, engineering, and construction (AEC) industry, and Ferguson have recently announced a significant development in the construction supply chain. Ferguson locations nationwide have officially joined the Trimble Supplier Xchange digital pricing and procurement network. This development marks a pivotal step and further digitalizes and streamlines construction supply chain operations, benefiting both mechanical and commercial customers. Furthermore, it enhances efficiency between construction teams and their most crucial business partners.
Trimble's Supplier Xchange network currently facilitates over 10,000 digital connections between specialty subcontractors and their preferred suppliers. It handles an impressive average of 130,000 quote requests every month, with an average total value of USD 18 billion per month.
The integration between Ferguson and Supplier Xchange enables contractors to access up-to-date, contracted pricing information and seamlessly convert it into a purchase order (PO). This PO flows directly into the contractor's Enterprise Resource Planning (ERP) system, ensuring that the order is placed and financially accounted for in the ERP system without delay. This streamlined process significantly reduces the time required and minimizes errors typically associated with manual data entry, thanks to the automatic synchronization of the purchase order.
By becoming a part of the Supplier Xchange network, Ferguson, a prominent commercial mechanical distributor in the United States, is proactively addressing the common pain points faced by contractors in their day-to-day workflows.
Tom Sullivan, Commercial Construction Services and Technology Director at Ferguson highlighted that prioritizing digital connections with their customers was of utmost importance. He explained that as their customers are increasingly looking for ways to cut costs and enhance efficiency, accuracy, and timeliness, Supplier Xchange would empower them to offer real-time customer-specific information. This would effectively reduce the manual processes and time needed in the workflows related to estimating, Virtual Design and Construction (VDC), purchasing, project management, and accounting.
The official announcement took place at Trimble Dimensions 2023, where both Ferguson and Trimble are showcasing the Supplier Xchange network.
Trimble Construction Management Solutions' Vice President and General Manager Lawrence Smith emphasized that it had never been more crucial to integrate technology solutions to enhance the speed, accuracy, and seamlessness of information sharing across the construction supply chain. He stated that the data collaboration between Ferguson and Trimble was delivering increased efficiency, precision, and swiftness in their customers' workflows, encompassing estimating, procurement, purchasing, accounting, and project management.