Press Release
September 8, 2009
Adnams drives down costs with RedPrairie’s Duty and Warehouse Management solution
Software ensures strict inventory control and optimises customs payments
Stokenchurch, UK – RedPrairie Corporation, a productivity software provider, has implemented its Duty and Warehouse Management solutions at Adnams, an independent brewery located in Southwold, UK. The new solution has enabled Adnams to set up its own bonded warehouse, manage inventory more efficiently, and cut costs.
RedPrairie’s Duty Management enables Adnams to delay payment of all Customs duties and Value Added Tax until the latest possible time, usually after the goods have left the warehouse. Andrew Brookes, Brewing and Brands Business Account Adnams, explained, “When we built our new warehouse, it was designed to store more goods. We wanted to fully utilise this space and reduce our costs. As we were storing product at a third party facility, we were paying someone else to do something we could easily do ourselves. We also realised that we could make significant cost savings by running our own bonded warehouse, and to do this, we needed a fully compliant duty management solution.”
Brookes continued, “We chose the RedPrairie solution as it’s extremely user friendly, guiding the user through all processes. It is functionally rich, with great tools that did exactly what we wanted. However, the key factor was the level of RedPrairie’s experience regarding the legal requirements. We were confident that they had the expertise required to ensure we were fully compliant with the HM Revenue and Customs legislation required to run a bonded warehouse.”
The project commenced just before Christmas 2008, and went live just after Easter 2009, when Adnams started to pull stock back from the third-party warehouse. In two weeks Adnams had enough stock available in its warehouse to pick orders. Brookes said, “We needed to be completely confident with the go-live, as it was vital we continued to fulfil customer orders.”
Adnams is using the Warehouse Management module that is integrated within the Duty Management solution. Before rolling this out, Adnams was using a stock control system that was part of its accounts package. Brookes said, “Although we have only recently gone live, we can see that our cost savings predictions are on track. We can manage our inventory much more tightly as we have greater stock control, which is vital when you’re working with products such as vintage wine, which isn’t a low-cost product. We’re also delighted about bringing the process back in house.”
Martin Hiscox, Vice Chairman of the Board, Managing Director and President International, RedPrairie, said, “Adnams has realised the financial advantage of running a bonded warehouse, and we’re delighted that they have selected RedPrairie’s Duty Management solution to manage the process. Adnams is already seeing the benefits of the new system, and I’m confident that they will continue to get a strong return.”
About Adnams plc
Adnams is a much-loved, progressive brewer and leisure retailer, renowned for its award winning beers, wines, pubs and hotels, which offers a comprehensive range of employment opportunities. Adnams serves guests with pride and enthusiasm in its hotels. In 2008 Adnams reported sales of £47.1 million.
www.adnams.co.uk
About RedPrairie Corporation
RedPrairie delivers productivity solutions to help companies around the world in three categories – workforce, inventory and transportation. RedPrairie provides these solutions to manufacturers, distributors and retailers looking to support business strategies that increase revenue, reduce costs and create competitive advantage.
With over 20 global offices and solutions that are installed at more than 34,000 customer sites in over 40 countries, companies trust RedPrairie workforce, inventory and transportation solutions to deliver an increase in productivity – with the flexibility to adapt as business needs change.
At RedPrairie, we understand today’s operational demands and we’re committed to delivering solutions that work. We’re committed to delivering solutions for the real world.
For additional information, call 1.877.733.7724, or visit RedPrairie.com.
RedPrairie is a registered trademark of RedPrairie Corporation.
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© 2009 RedPrairie Corporation. All Rights Reserved.
Other product and service names mentioned herein are the trademarks of their respective owners.
RedPrairie Public Relations Contacts:NORTH AMERICA
Kari Janavitz
+1 262 317 2526
Kari.Janavitz@redprairie.com
UK
Emma Easterbrook
+44 1435 873 080
Emma@FieldworksMarketing.co.uk
NORDICS, MIDDLE EAST, AND AFRICA
Patrick Qureshi
+45 3263 0021
Patrick.Qureshi@RedPrairie.com
MAINLAND EUROPE
Luc Zanders
+31 40 2302532
Luc.Zanders@RedPrairie.com
ASIA PACIFIC
Fauziah Osman
+65 6521 9554
Fauziah.Osman@RedPrairie.com