Manufacturing Computer Solutions > 27 May 2008
Longley farm massively improves commodity purchasing with Vendigital
Yorkshire-based Longley Farm, which produces cream, yoghurt and cottage cheese, says that using in-sourced procurement services from Vendigital has massively improved its purchasing.
Swindon Business News > March 2008
Vendigital cuts castings costs for Dutch firm
Dutch-based Bredel Hose Pumps, the world’s largest manufacturer of hose pumps, has saved 19 per cent on the cost of its cast iron components as a result of help from Swindon-based Vendigital.
Swindon Business News > 6 April 07
Vendigital creates substantial phone savings for Northgate
Northgate Information Systems, a market leader in software applications and outsourcing solutions, has cut its mobile telephony costs by over 50 per cent through an online auction managed by Swindon-based Vendigital, sourcing and market purchasing experts.
Retail Technology > Jan/Feb 07
Abel & Cole gets sourcing
Abel & Cole, the organic food home delivery service based in Andover, has saved 8% on its annual spend of over £1million on customers presentation boxes. This saving has been secured from a new supplier with complementary sustainable business ethics using the sourcing and market purchasing expertise of Vendigital.
Professional Engineering > 10 Jan 07
Buying time.
By plugging into databases containing a wealth of information about suppliers, manufacturers can cast their purchasing net as wide as possible to acquire components at the keenest prices.
Government Computing / Kablenet.com > 9 Jan 07
Council saves cash online
Cheshire CC has saved over half a million pounds through online auctions.
The council worked with PriceWaterhouseCoopers and sourcing and marketing specialist Vendigital to achieve the savings.
Computer Weekly > 9 Jan 07
Cheshire saves on print and IT consumables in e-auction
Cheshire County Council has saved hundreds of thousands of pounds with two e-auctions for tendered services.
The council worked with sourcing and market purchasing specialist Vendigital, in partnership with PriceWaterhouseCoopers, to run two online auctions for the categories of IT consumables and print.
Financial Director > Dec 06
Emerging perils: offshore risks
Adrian Griffiths, Vendigital, recommends that companies benchmark the landed cost of goods sourced form China and India with the landed cost of goods sourced nearer to home and then ask if the additional savings incurred by sourcing from China and India are worth the additional hassle.
Personal Computer World > 30 Nov 06
Emerging perils: offshore risks
Companies are rushing to source from low-cost countries without considering all the hidden risks.
...low-cost country sourcing can compromise a troubling corporate blind spot, says Adrian Griffiths, business development director at Vendigital. "There's something of a herding instinct in place," he says. "Companies have been going to China without doing the research necessary to know what's the best option."
"...It's a superb location, but so much depends on what you're buying, the amount you're buying, the length of the contract and where the product is in your product lifecycle".
Manufacturing Computer Solutions > 24 Nov 06
Outsourced e-procurement can deliver 26% savings and better technology
Less than 5% of manufacturers that could benefit from outsourced e-procurement are doing so - and those that are not are missing out on savings that average at 26% of material costs.
So says global procurement services and software form Vendigital, which recommends a 'category management' approach to procurement, pointing not only to value from bulk discounts but best suppliers and best geographies on a per-manufactuer basis.
Supply Management > 16 Nov 06
Warning for professions future
Technology could make buyers redundant within the next five years.
This is the view of Professor Richard Lamming, director of the school of management at the University of University, when speaking at Vendigital's Dealing with the Future seminar this month in London.
Manufacturing Business Technology > Nov 06
Taking a global view
Good sourcing strategies are about more than finding the lowest cost.
Despite regularly connecting clients with suppliers in China, Adrian Griffiths of Vendigital, always urges his clients to consider all sourcing options before making a decision.
FI Sourcing > Nov 06
Warning for profession's future
Technology could make buyers redundant within the next five years. This is the view of professor Richard Lamming, director of the school of management at the University of Southampton.
Speaking at Vendigital's Dealing with the Future seminar this month in London, Lamming said purchasers will be replaced by improved technology and a new breed of 'deal shapers'. But, he added, buyers would continue to be employed because offices would not 'feel right' without them.
Supply Management > 5 Oct 06
Squeezed from both directions
Rising commodity prices and global instability have put a strain on the UK manufacturing industry.
Vendigital advocates cutting costs by global research to identify new suppliers...
More to global than China
Manufacturing buyers must expand their global view to counter rising commodity prices, according to recently published research.
A survey by Vendigital reveals there is increasing urgency for buyers to cut the rising cost of commoditites.
Annual Manufacturing Report > Autumn 06
Offshore currents
Outsourcing to low-cost economies in the Far East and central Europe looks set to rise. Our research shows that just over half of manufacturers currently source from the Far East and China; come 2008, that figure is expected to increase to 69 percent. But faced with challenging logistics, cultural barriers, quality issues and fragmented supply chains, will the flow reverse and return operations to our shores in time to come?
European Leaders in Procurement > 28 Sep 06
The War for Procurement Talent
Talented people tend to make above average contributions to any organisation. Every good business has talented and motivated people at its heart, the question is how to get the best procurement talent engaged and motivated within your business?
Various > July 06
Cancer Research UK saves over £2.5 million pa via On Line Auctions including equipment for its new Cambridge Research Institute
Cancer Research UK announces savings of over £2.5 million per annum achieved through a series of online auctions managed by Aria Insite and Vendigital to purchase office supplies, IT hardware and laboratory consumables. The savings on millions of pounds worth of spend are part of the charity’s Procurement Improvement initiative across the whole organisation.
Belinda Turner, Procurement Director at Cancer Research UK said: "Initially, there was some scepticism that online auctions could deliver such huge savings. Now with three projects under our belts, we are convinced that this approach is extremely valuable.
Peter Garnett, Managing Director at Aria Insite, said: "The auctions are only successful because Vendigital follows rigorous processes before, during and after the actual events."
Read the coverage
Fundraising UK > 17 July 06
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Computer Weekly > 18 July 06
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Swindon Advertiser > 19 July 06
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Computing > 20 July 06
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Supply Management > 6 July 06
Buyers need to be able to switch suppliers from country to country quickly and simply to benefit from low-cost sourcing.
That was the view of Professor Richard Lamming, director of the School of Management at the University of Southampton, at a low-cost country sourcing (LCCS) seminar in London last month.
Lamming said switching locations will maintain competitive advantage.
"Low-cost sourcing is not about a place or country, it's the process of being able to move quickly."
Manufacturing Computer Solutions > 9 April 06
"The chances of finding a supplier (within a global supply market) that matches your requirements in the traditional way are pretty remote" concluded a recent report in Manufacturing Computer Solutions magazine.
Recognising that finding an optimum supplier can deliver average savings of 26% above the traditional process, Andrew Ward (journalist) spoke to Watson Marlow Bredel Pumps to learn how it has adopted the latest procurement processes.
Peter Morgan from Watson Marlow Bredel said "Vendigital was an opportunity to make some step changes...we get better results with less work."
Swindon Advertiser > 30 January 06
£200k saved for university
A Swindon online auction company stepped in to save a UK university £200,000. Vendigital of the Windmill Business Park organised the auction for buying stationery and as a result the University of Northumbria saved 35 per cent of its annual paper budget.
Twelve suppliers placed 312 bids within the 90-minute online event "We were delighted with the results," said Trevor Gabriele, of the university. "We felt we could get better value so decided to undertake a pilot online auction. We were keen to see how the process worked and to judge its value." The university contracted PricewaterhouseCoopers to run the auction and they in turn appointed Vendigital.
Vendigital managed all the supplier questions and handled the online auction event, including training suppliers in the use of the software. The team also managed the post-auction interviews and the contract award process to ensure the chosen supplier satisfied all the university's quality and delivery needs. Business director Adrian Griffiths was delighted with the transaction.
The Manufacturer > October 05
Big supply chain software implementations were supposed to be a 'cure-all' a few years ago but does that still hold true in a much changed global environment? This was the question posed by Malcolm Wheatley in a recent article in The Manufacturer. He concluded that "Despite a bumpy start, supply chain software can offer a genuine return."
However, part of his evidence for this conclusion came from an interview with Neil Robinson, European vice-president of supply chain operations at Bristol based Vetco Gray, a manufacturer of drilling and pipeline products for the oil industry. In the interview Neil commented "Conventional e-auction procurement software wasn’t the right answer for us. We met up with Vendigital and realised they understood mechanical engineering and weren't simply focused on large volumes of readily sourced standard materials. "
Clearly there is a lot more to success within complex supply chains than a piece of software, a fact that our customers understand!
Supply Management > 31 March 05
Andrew Richardson, divisional chief executive within Halma PLC recently engaged Vendigital at one of his companies, Palmer Environmental, to ensure that decisions were made on authoritative prices.
Later he was interviewed by Malcolm Wheatley for "Supply Management" to discover what he felt were the credentials required in today’s global economy to be a Purchasing Director.
"...probably the biggest challenge facing the new purchasing director is coming to grips with taking responsibility for the business as a whole, rather than retaining a narrow functional perspective. A strong sense of commercial nouse is required – not just in terms of the work of the purchasing department, but in terms of the contribution that it makes to the business as a whole."
Supply Management > 02 Dec 04
Market testing supplier prices
Adrian Griffiths, director of e-auction provider Vendigital provides the answer to the following question.
"These days, people are buying from all around the world, particularly East Asia. I’m the purchasing manager for a medium-sized manufacturing company making electro-mechanical devices. I think that I know a lot of suppliers and believe I have got good prices. But given the sheer number of possible suppliers in the world and the limits of my purchasing resources, how can I possibly be sure I have the best prices?"
Supply Management > 04 Nov 04
Bolts from the Blue
Neil Robinson, vice-president of supply chain management at Offshore Systems write regarding his experiences of e-sourcing. Faced with an underperforming supplier for a critical component, Offshore Systems decided to put e-sourcing to the test. Several companies were invited to submit proposals for undertaking the sourcing project. The company that was finally selected was Vendigital.
Manufacturing Computer Solutions > Jul 04
An eye to saving more than mere money
Journalist Andrew Ward interviewed Vendigital customer Brian Cattmull, Purchasing Manager at Linx Printing Technologies. In the resulting article Brian outlined the benefits of the purchasing techniques used by Vendigital. But are e-sourcing and online negotiation only about price? "A major benefit for us", says Brian, "is that it gets price out of the way. There are no silly games or heated negotiations: instead you can concentrate on issues like quality, delivery and vendor assessment".
Microscope > Jun 04
Negotiating price via an online auction is a technique that is not going away. The benefits to the buyer are clear, but in this article the suppliers view is outlined. 66% of suppliers believe information about the competitiveness of their quotations is more reliable when presented to them via an online tender than if given to them by a buyer.
Swindon Business News > Apr 04
Vendigital host a best practice e-sourcing and online negotiations forum chaired by Professor Richard Lamming and involving BAE Systems; PwC; IMI plc and Naional Grid Transco.
Print Week > Feb 04
In this article the question is asked, are online auctions damaging the print industry? The answer is of course, no. The online negotiation is providing transparency in the marketplace and a rapid determination of market price. If companies are going out of business due to over supply one cannot “blame” the negotiation technique, just the old principle of supply and demand.
Reading Chronicle > Dec 03
Bidding out in the open
CFO Europe > Oct 03
More power to you
CFO Europe; Oct 2003 printed a letter by Vendigital about the ultimate business intelligence tool, e-sourcing and online auctioning.
Supply Chain Management Vol8 No3&4 > Sep 03
Trusting an Auction
The paper examines the ability of online auctions to affect relationships between buyers, existing suppliers and potential new suppliers. Whilst, if used poorly, auctions can be detrimental to these relationships, used well they build trust and enhance the relationships essential for purchasing success.
Real Business > Sep 03
Online Auctions
Logistics Europe > Sep 03
Danger Ahead
Financial Mail (Mail on Sunday) > 01 Jun 03
£1billion prize on internet auctions
Online auctions are not to be feared but to be embraced. In this article in the Mail on Sunday, Steven Searle, a supplier at a Vendigital auction, saw the ability to see market price as a distinct advantage.
Frontline Solutions > May 03
Can e-sourcing win auto suppliers' hearts?
Supply Management > 27 Mar 03
E-auctions are only a tool, branch told
Auctions are an impressive but passive tool, so Vendigital explained to a CIPS’ regional conference. When used by the experienced auctioneer they will deliver competitive advantage for the businesses that utilise them.
The Manufacturer > Feb 03
Homing in on e-procurement
Internet Works > Nov 02
Market Price Secrets
The ability to determine market price for anything other than a pure commodity has until recently been constrained by the inability to communicate accurately and efficiently with sufficient numbers of companies to be representative of the total marketplace. E-sourcing has eliminated the constraint and online auctioning has made negotiating with a private marketplace effective and meaningful. The result is that marketprice can now be determined for bespoke purchases.
Manufacturing Computer Solutions > Oct 02
A sound sourcing strategy
An unbiased opinion: We are always conscious that, when talking about the results of one of our auctions, people think, “You would say that wouldn’t you”. One of our projects was featured in Manufacturing Computer Solutions. Their reporter, Dean Palmer, independently interviewed David Nesbitt of AP Hydraulics.
Supply Management > 19 Sep 02
The price of electronic bids
The Manufacturer > Aug 02
Who goes there, friend or foe?
Manufacturing Computer Solutions > 26 Jul 02
e-Sourcing project saves brake manufacturer
e.logistics > Jul 02
E-procurement still bringing benefits
Supply Management > 23 Jul 02
Homing in on e-procurement
Frontline Solutions > Jun 02
Sabre-rattling against the inevitable
"We now have access to a professional team and a whole new approach to purchasing."
Jim Dickinson
Managing Partner
Longley Farm
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