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NIC-Place cuts losses at Teva
Germany-based NIC-Place, which offers real-time supply chain visibility solutions, has announced that one of its biggest clients, Teva – a global leader in the manufacture and supply of generic and innovative medicines – has cut losses and damages from its use.
Since using NIC-Place, Teva has reported an incident rate of only 0.005% as the real time exchange of data has allowed the group to react very quickly to any reports of temperature changes and theft.
“With NIC-Place, we have 100% accurate temperature data for all our goods, 24/7, no matter where our fleet of 80 trucks and trailers is,” says Bernd Schlumpberger, head of fleet & transport management at Teva. “This is crucial because the temperature in the trailer must match the needs of our medicines at every moment. As such, we avoid costly and time-consuming incidents.”
NIC-Place’s solution for Teva also includes a comprehensive theft monitoring solution, delivered in partnership with tcs*, a company that specialises in monitoring transport services.
“We have highly sensitive goods on our trucks,” explained Schlumpberger. “Thanks to NIC-Place and tcs*, we have alarms and surveillance systems that monitor our vehicles 24/7. This enables us to react in real time at any moment with multi-level escalation should there be suspicious activity, such as a door opening unexpectedly in a parking lot at night. NIC-Place has enabled us to achieve a near-zero incident rate across our supply chain to ensure that we’re able to deliver the highest-quality medications at the right time.”
Commenting on the low incident rates at Teva, Kevin Kruekis, managing director, NIC-Place, said: “The world’s leading brands like Teva are seeing first-hand how FourKites’ AI-powered supply chain visibility platform empowers leaders to make business-critical decisions that save money, improve planning and make customers , as well as partners, happier. We look forward to deepening our partnership with Teva, and helping them maintain an agile and responsive supply chain that meets their customers’ needs and drives end-to-end efficiencies.”
NIC-Place is owned by Amsterdam-based FourKites which tracks more than 3M shipments a day. Meanwhile, Teva moves approximately 500,000 pallets of its products across Europe every year.
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