Barratt Developments has turned to Wax Digital to implement web3 eSourcing as it aims to revolutionise its tendering and supplier risk management processes.
The cloud-based electronic tendering platform is designed to enable Barratt to streamline the creation of tender packs for suppliers and subcontractors and receive multiple responses in a standardised format that can be electronically analysed and scored.
Due to the complex nature of the integration required to deliver a seamless solution Barratt has also acquired Wax Digital web3 connect, a cloud based integration platform that aims to work seamlessly with web3 eSourcing and also the significant number of legacy systems that need to be integrated to automate the data flows.
With the health and safety of its workforce of paramount importance, web3 will also create greater supplier risk management efficiencies for Barratt.
Any suppliers or contractors who wish to work with Barratt will be required to submit their Occupational Health and Safety certificates and Public Liability insurance details as part of the on boarding process. web3 automates this process and will only allow the company to trade with those organisations that have the correct documents in place. It also flags any certifications that are due to expire directly with the supplier or contractor so that they can renew their documentation and continue trading with Barratt.
Integrating web3 eSourcing with Barratt’s drawing portal, Conject is a critical part of the implementation process. The organisation needs to be sure that only the latest versions of all architectural drawings are made available to external parties so that they can be fully aware of the work involved when bidding for projects. web3 eSourcing will also use web3 connect to integrate with Barratt’s ERP system Coins.
Users can conduct a radius search for suppliers or contractors meaning only those within a certain distance from a project site will be invited to tender, creating significant time and cost efficiencies for Barratt.
Matthew Paul, Group Commercial Manager at Barratt Developments commented: “Electronic trading is not widely used in our sector and we believe we will be one of the first organisations in housebuilding to realise the many benefits an eSourcing solution can offer us.
“We work with over 4,000 suppliers and contractors and web3 eSourcing will significantly enhance our supplier risk management processes ensuring only those with the appropriate certification can work with us.”