08 August 2002 | Robin Parker
E-fulfilment specialist Wesupply has made its first moves into the aerospace sector after forming a new company with components distributor Umeco.
The company, which is called Wesupply Aerospace, aims to help aerospace industry purchasers source products online, and to manage supplier relationships throughout the procurement process.
The joint venture gives Wesupply access to more than 500 customers in the aerospace field, while enhancing the technology Umeco uses in its outsourced procurement service.
Wesupply will provide an interface with Umeco's searchable products database, which boasts thousands of items. It can be searched by part number, product type or by other items.
Users will be able to configure the business rules for their suppliers, helping them to be compliant, plan more accurately and highlight exceptions or problems in the supply chain. The service also aims to help suppliers reduce cost and inventory by providing them with a two-way selling channel between supply chain members.
Paul Heaven, managing director of Wesupply, said he hopes the company will be the first of several joint ventures targeted at specific industries.
"Initially, Umeco was to use our capabilities in-house, and they piloted our solution for their internal inventory," he said.
"Now they're rolling it out as part of the portfolio of services, while we see it as a way to exploit the opportunity for our supplier relationship management technology within the aerospace sector."