MEDIA RELEASE PR36691
Savi Networks' Wireless Tracking Service to Help Transmed Cut 'Total Landed Cost' of Food Inventory
Shipped from Africa to U.S.
MOUNTAIN VIEW, Calif. and BALTIMORE, Oct. 21 /PRNewswire-AsiaNet/ --
SaviTrak(TM) Intelligence -- Using GPS, Cellular and Sensors -
Will Enable Transmed to Dramatically Reduce Safety Stock While Improving
Freshness of Global Shipments
Transmed Foods, Inc., the U.S. distribution arm of Crespo Foods, has
selected Savi Networks to provide automated wireless monitoring to improve
shipment visibility and security while reducing the supply chain costs of
sourcing and transporting perishable food products from North Africa to
distribution centers throughout the United States. The initial rollout
applies to ingredients that Transmed delivers to two of the world's largest
convenience pizza and sandwich restaurant franchises.
The SaviTrak(TM) intelligence service, which leverages GPS, cellular,
electronic security bolts and sensor technologies, is being implemented in an
effort to cut the time Transmed holds safety stock, reduce inventory carrying
costs, improve product freshness and enable a more agile, responsive supply
chain. It is expected the SaviTrak system will also reduce the administrative
costs of managing trades, enhances ordering, forecasting, replenishment and
customer service.
"The advanced visibility service provided by Savi Networks will help us
to gain much better control of both our inventory and shipments, which means
we can reduce safety stock and the capital costs that go along with it," said
Barry Dixon, Director, Transmed Foods. "We view this as a competitive
advantage that will cut costs and improve customer service for all our
customers."
"We're pleased to provide Transmed with a 21st century intelligence
service that delivers visibility and control of global trade - wirelessly -
virtually anywhere, anytime," said Neil Smith, chief executive officer of
Savi Networks. "With a single and shared view across the end-to-end supply
chain, SaviTrak(TM) can dramatically improve performance and efficiency."
It is anticipated that Transmed will utilize SaviTrak to monitor
container shipments across multiple transportation modes, such as ocean
vessels, truck and rail. SaviTrak also can help expedite the resolution of
insurance claims by identifying chain of custody responsibilities in the
event of damages or losses of a shipment.
The web-hosted SaviTrak service will enable Transmed to collaborate in
near real-time with customers, carriers and terminal operators on the status
of their shipments in order to jointly take quick action on unplanned events,
such as delays, misroutes or security breaches. Automated alerts transmit
information about events and exceptions. SaviTrak(TM) also reduces manual
processes such as faxes, phone calls and Electronic Data Interchange (EDI)
entries.
About Transmed Foods
Transmed Foods, Inc. is the U.S. distribution arm of the Crespo Group,
which is one of the largest manufacturers of quality olive products in the
world. The Crespo Group serves both consumer as well as commercial clients on
a global basis from their industrial installations located in the principal
olive producing countries of Spain and Morocco in the Northern Hemisphere.
They also contemplate further expansion of their industrial capacity in
upcoming years in olive producing countries of the Southern Hemisphere.
About Savi Networks
Savi Networks was founded to improve the efficiency and security of
global trade. SaviTrak(TM) is an intelligence service that utilizes reliable
wireless shipment monitoring technology to provide shippers, logistics
service providers, and terminal operators with easily accessible, precise and
actionable information. The information is used to identify both real-time
and systemic shipment and inventory issues and then make appropriate
decisions. Savi Networks is a joint venture between Lockheed Martin (NYSE:
LMT) and Hutchison Port Holdings. To learn more about Savi Networks, visit:
SOURCE: Savi Networks
CONTACT: Mark Nelson of Savi Networks
+1-650-316-4872
mnelson@savinetworks.com
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