Weetabix in the UK has selected Wax Digital web3 eSourcing to help it better manage suppliers and drive down procurement costs.
As well as Weetabix the company owns the Weetaflakes, Oatibix, Alpen, Ready Brek and Weetos brands.
The cereal producer plans to use web3 eSourcing to ramp up its programme of tenders and electronic auctions, improving the way in which it identifies, qualifies and negotiates with its supplier network.
And unlike in many organisations where electronic sourcing remains the sole preserve of the central procurement team, Weetabix is hoping to devolve the use of sourcing to other users within the business.
Anthony Bowdidge, head of procurement at Weetabix, said: “The highly intuitive nature of the web3 tool makes it simple to roll out to people in the business that are not professional purchasers.
"As a result they can exploit the efficiency gains and cost savings that a sourcing and negotiation tool drives, taking some of the pressure off the procurement team, whilst we can be sure that results are captured and process is followed.”
The Wax Digital web3 eSourcing system was selected over an incumbent platform from Ariba.
The decision also means that Weetabix, which is already a Wax Digital customer for web3 Purchase-to-Pay, can now enjoy a single source-to-pay process right from supplier selection through to matched invoice.
“We would have purchased web3 eSourcing as an excellent standalone tool for the business but when combined with the Wax Digital P2P solution we can now take advantage of a fully integrated approach right through the purchasing lifecycle,” said Bowdidge.