IT consultancy, Mi Services Group has won a contract to implement a vendor-managed inventory (VMI) solution, for British Sugar. The project will replace British Sugar’s existing VMI system and will be undertaken within 90 days.
iDatacentre – the system being installed – is intended to introduce greater predictability into British Sugar’s supply chain and financial planning. It will also allow for fully automated exchange of purchasing, delivery and inventory status information. British Sugar should therefore benefit from cost savings provided by a more efficient administration and improved process and systems integration.
British Sugar’s VMI system allows the company to track the inventory levels of its customers and automatically replenish stocks, thereby reducing customers’ individual stockholding. In addition, it enables savings through more efficient use of its road tanker fleet.
The system will monitor the stocks of up to 70 separate sites operated by British Sugar’s key customers, covering a significant part of the firm’s total business.
Founded in 1936, British Sugar operates nine sugar beet factories contracting 8,500 farmers to provide over half the country’s sugar supply.