Integrating Ferguson Data with
the Trimble Supplier Xchange Network
Eliminates Common Contractor Workflow Roadblock
LAS
VEGAS, November 6, 2023 /PRNewswire/
-- Trimble (NASDAQ: TRMB) and Ferguson today announced
that Ferguson locations nationwide have joined the Trimble
Supplier Xchange digital pricing and procurement network, further
digitizing the construction supply chain for mutual mechanical and
commercial customers and increasing efficiency between construction
teams and their most important business relationships.
"It has never been more critical to bring together technology
solutions to make information sharing faster, more accurate and
seamless across the construction supply chain," said Vice President
and General Manager Lawrence Smith,
Trimble Construction Management Solutions. "This data collaboration
between Ferguson and Trimble brings greater efficiency, accuracy
and speed to our customers' workflows between estimating,
procurement, purchasing, accounting and project management."
Trimble's Supplier Xchange network facilitates more than 10,000
digital connections between specialty subcontractors and their
preferred suppliers, handling an average of 130,000 quote requests
per month with an average value of $18
billion USD per month.
The integration between Ferguson and Supplier Xchange allows
contractors to get up-to-date, contracted pricing information and
then turns that into a purchase order (PO) that flows into the
contractor's ERP seamlessly, placing the order and accounting for
it financially in the ERP immediately as well. The process takes
far less time and reduces errors from manual entry due to the
automatic sync of the PO.
"The use of Supplier Xchange together with Ferguson pricing
and Trimble Construction One financial management creates a
closed-loop system for receiving and accounts payable," said
Chad Baxter, General
Manager, Miller Mechanical Contractors & Engineers. "We've
eliminated the need to go between multiple digital and manual
systems into just one that seamlessly syncs with the others, making
us both faster and more accurate."
By joining the Supplier Xchange network, Ferguson, one of the
country's leading commercial mechanical distributors, directly
addresses the pain points across common workflows contractors often
face.
"Digitally connecting with our customers is a priority for
Ferguson," said Commercial Construction Services and Technology
Director Tom Sullivan, Ferguson. "As
they increasingly seek ways to reduce costs and improve efficiency,
accuracy and timeliness, Supplier Xchange will enable us to provide
real-time customer-specific information, reducing the manual
process and time required in the estimating, Virtual Design and
Construction (VDC), purchasing, project management and
accounting-related workflows."
The announcement was made at Trimble Dimensions 2023, where
Ferguson and Trimble are both showcasing the Supplier Xchange
network.
About Ferguson
Ferguson plc (NYSE: FERG; LSE: FERG) is
a leading value-added distributor in North America providing expertise, solutions
and products from infrastructure, plumbing and appliances to HVAC,
fire, fabrication and more. We exist to make our customers' complex
projects simple, successful and sustainable. Ferguson is
headquartered in the U.K., with its operations and associates
solely focused on North America
and managed from Newport News,
Virginia. For more information, please visit
corporate.ferguson.com or follow us on LinkedIn
linkedin.com/company/ferguson-enterprises.
About Trimble Construction
Trimble is developing technology, software and services that drive
the digital transformation of construction with solutions that span
the entire architecture, engineering and construction (AEC)
industry. Empowering teams across the construction lifecycle,
Trimble's innovative approach improves coordination and
collaboration between stakeholders, teams, phases and processes.
Trimble's Connected Construction strategy gives users control of
their operations with best-in-class solutions and a common data
environment. By automating work and transforming workflows, Trimble
is enabling construction professionals to improve productivity,
quality, transparency, safety, sustainability and deliver each
project with confidence. For more information,
visit: construction.trimble.com.
About Trimble
Dedicated to the world's tomorrow, Trimble is a technology company
delivering solutions that enable our customers to work in new ways
to measure, build, grow and move goods for a better quality of
life. Core technologies in positioning, modeling, connectivity and
data analytics connect the digital and physical worlds to improve
productivity, quality, safety, transparency and sustainability.
From purpose-built products and enterprise lifecycle solutions to
industry cloud services, Trimble is transforming critical
industries such as construction, geospatial, agriculture and
transportation to power an interconnected world of work. For more
information about Trimble (NASDAQ: TRMB), visit:
www.trimble.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/trimble-and-ferguson-team-to-further-streamline-contractor-supply-chain-workflows-and-optimize-material-management-301977892.html
SOURCE Trimble