Savi Networks' Wireless Tracking Service to Help Transmed Cut 'Total Landed
Cost' of Food Inventory Shipped from Africa to U.S.
SaviTrak(TM) Intelligence -- Using GPS, Cellular and Sensors - Will Enable
Transmed to Dramatically Reduce Safety Stock While Improving Freshness of
Global Shipments
MOUNTAIN VIEW, Calif. and BALTIMORE, Oct. 21 /PRNewswire/ -- 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.
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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:
www.SaviNetworks.com
SOURCE Savi Networks
Mark Nelson of Savi Networks, +1-650-316-4872, mnelson@savinetworks.com
