WeSupply wins supply chain award

Outstanding return on investment measures and benefits from IT in supply chain management has won an award for Newaqe AVK SEG and its supply chain vendor Wesupply.

Outstanding ROI measures and benefits from IT in supply chain management in the Best of British Manufacturing IT Awards organised by influential publication 'Manufacturing Computer Solutions' has gone to Newaqe AVK SEG and its supply chain vendor Wesupply.

This is another award for UK-based supply chain vendor Wesupply - a supply chain solutions provider that has developed a habit of winning major awards for its clients this year.

Wesupply was set a challenging vision: 'Zero Lead Time - Zero Admin - Zero Error' by their client.

With a legacy system that relied heavily on FAX, email , post and the telephone, little control over what and when suppliers actually delivered with a huge amount of manual intervention in invoice checking, comparing deliveries with receipts, the stage was set for a visionary approach to supply chain management.

Wesupply's Collaborative Trading platform has a number of collaborative solutions that work together to support specific collaborative processes based on configurable business rules and logic.

Some of these were deployed in the Newage AVK SEG project supporting specific internal processes increasing the velocity of the supply chain, releasing working capital through better inventory control and improving supplier performance.

* Judges looked for clear ROI benefits - in their consideration the judges looked for hard actual and /or expected ROI as well as broad soft benefits leading to business improvements, cost cutting and competitive advantage.

There was little doubt that Wesupply had delivered unprecedented improvements for Newage AVK SEG with a 68% improvement in stock/out of stock and a 25% improvement in the procure-to-pay process.

Supplier-on-time performance had increased by 12% with a 20% improvement in distribution/warehousing costs .

By using Wesupply as a collaborative electronic platform Newage AVK SEG has now improved the speed and accuracy of their demand and fulfilment processes, while at the same time achieving significant cost savings for all concerned.

Gary Cameron said: "Wesupply is being used to manage the sharing of forecasts, placement of orders (call-off and Kanban), order amendments, despatch, transportation and goods receiving - as well as providing real-time and automatic alerts for exceptions that take place within our supply network.

This kind of intelligent supply chain collaboration is already several steps ahead of any EDI offering which simply moves data from point2point.

Wesupply connects and then enables our supply network, allowing meaningful information to be shared with all participants." Wesupply's solution is now well defined and helps release the value of an integrated supply chain.

It comprises three service offerings, Electronic Trading (eT), Intelligent Trading (iT) and Collaborative Trading (cT).

With Electronic Trading Wesupply uses OneTime technology connecting an organisation to divisions and branches, suppliers, customers and trading partners whatever the systems or formats they are using facilitating exchange of electronic communications.

Intelligent Trading provides additional capabilities of sensing and responding to changes based on assigned business rules and logic.

With Collaborative Trading a number of collaborative solutions predicated on business rules and logic are deployed to support internal processes driving out costs, releasing significant working capital and improving margins.

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