May 17, 2020

UK's Network Rail begins £47bn procurement programme with supply chain partners

Network Rail procurement
Network Rail
network rail supply chain
Supply Chain
James Henderson
2 min
Network Rail is embarking on a £47bn procurement programme with its supply chain partners
Network Rail is embarking on a £47bn procurement programme across its supply chain, which will encompass thousands of companies.

The organisation’s...

Network Rail is embarking on a £47bn procurement programme across its supply chain, which will encompass thousands of companies. 

The organisation’s delivery arm for renewals and projects, Infrastructure Projects (IP) organises itself into four regional areas; Scotland North East, Central, Southern, and Western and Wales, and national programmes for signalling, track and the pan regional Northern Programme.

The Office of Rail and Road will now review and consider Network Rail’s plan and publish its draft funding determination in June, and its final determination in the autumn.

“Significant investment in the country’s rail network will continue in the five years ahead giving thousands of companies – and our hugely important supply chain partners – the surety they need to invest in their people, innovation and value for money,” said Matthew Steele, commercial director.

“The beginning of our CP6 procurement activity provides suppliers with a real opportunity to secure substantial work-banks and be part of delivering essential improvements that will help shape the future of Britain’s railway.”

The Scotland North East and Southern regions are anticipated to hold the most significant work-banks for the coming five year control period, with over £5bn of renewals spend estimated per region in addition to substantial network wide upgrades.

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To help improve efficiency for both Network Rail and the supply chain, the tender and procurement process for CP6 has been intentionally phased.

This month, Scotland North East and Southern regions both commence their procurement programmes, with the remaining regions beginning the process between now and June 2018.

For the supply chain, the extensive renewals workbank should provide opportunities across specialisms, with signalling (around £4.5bn) and track (around £3.5bn) representing the largest areas of expected spend.

Considerable expenditure is also expected within structures, electrification and fixed plant, buildings and telecoms.

This significant investment in the renewal of railway infrastructure forms part of Network Rail’s Railway Upgrade Plan to make Britain’s railway more reliable, cost efficient and provide additional capacity. 

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Jul 26, 2021

Tradeshift: Pioneering eProcurement and Digital Trade

Tradeshift
Procurement
Supplychain
DigitalSupplyChain
2 min
Payments, procurement and supply chain digitalisation specialist Tradeshift just passed $1 trillion in transactions across its platforms

Tradeshift helps transportation and logistics organisations digitally transform their processes. The company offers a suite of services, including spend management, accounts payable and invoice automation, eprocurement, and supplier collaboration through a dedicated B2B supply chain marketplace of more than one million businesses. 

As disruption and digitisation continue to accelerate, demand for Tradeshift’s solutions has grown dramatically. The company recently announced the signing of 20 new global enterprise customers since the beginning of its financial year on 1 February, while the number of active businesses transacting on the Tradeshift platform rise by 52 per cent year on year. 

Tradeshift Chief Revenue Officer Christope Bodin expects that growth trajectory to continue, as the economy begins to fully reopen and the world works towards recovering from the pandemic. “We are well positioned to support the wholesale digitalisation of business processes,” Bodin said. “For organisations looking to grow in a post-COVID economy, this is fast becoming an organisational standard.”

Tradeshift in Brief

  • HQ: San Francisco, USA
  • Employees: 800 located in offices in 13 countries 
  • Customers: 500+ in 190+ countries 
  • Total on-platform transaction value: $1tn 
  • Platform: 1.5m companies connected

Key Tradeshift customers: Volvo, Kuehne+Nagel, DHL, Air France-KLM Group


Tradeshift: From $1 to $1 trillion 


Tradeshift was co-founded in 2010 by long-time partners: CEO Christian Lanng; Mikkel Hippe Brun, the company’s SVP APAC; and Gert Sylvest, VP Network Products. 

The company was established with a mission to “connect every company in the world, digitally,” according to Lanng, and followed the trio's earlier product EasyTrade, a pioneering open-source trade platform. 

In July 2021, just over a decade since launch, Tradeshift announced passing a new milestone: the cumulative value of transactions processed across its platform passed the $1 trillion threshold. To put that in perspective, Tradeshift said it took two years to reach the $1bn milestone. 

Commenting on Tradeshift’s current and future standing, chief executive Christian Lanng said: “We’ve helped a lot of businesses to stay operational and get paid during an extremely volatile period. Every time a business joins our platform it unlocks a whole ecosystem of relationships that we can help to digitise. This sets us apart from the majority of enterprise software providers who remain preoccupied with building connections one at a time.” 
 

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