MOUNTAIN VIEW, California and BALTIMORE, October 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.
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.
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.
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. Savi Networks, www.savinetworks.com, improves the efficiency and security of global trade through SaviTrakTM , an intelligence service that utilizes wireless shipment monitoring technology to provide shippers, logistics service providers, and terminal operators with easily accessible, precise and actionable information. Savi Networks is a joint venture between Lockheed Martin [NYSE: LMT] and Hutchison Port Holdings.
SOURCE: Savi Networks
CONTACT: Mark Nelson of Savi Networks, +1-650-316-4872,firstname.lastname@example.org