Tech firm secures £500,000 contract with port
A Solihull technology firm has secured a £500,000 contract with its data management partner Phusion for Associated British Ports (ABP).
MCP Consulting Group’s contract follows a pilot project in Southampton to review and optimise its asset management systems.
It will work with Phusion to implement software that will support all ABP’s maintenance activities in the UK.
The Group provides asset management consulting and training services in sectors including automotive, aviation and aerospace, and food and drink, and has offices in Asia, America, Europe and the United Arab Emirates, as well as in Blythe Valley Innovation Centre near Solihull, where it has been based for the last 15 years.
MCP has partnered with another business based at the Blythe Valley Innovation Centre, Inventor-e, to offer “SmartStores,” a way of assessing and recording parts issued that aims to reduce ABP’s inventory.
Peter Gagg, chief executive of MCP, said “Southampton is one of the UK’s leading ports since it handles 14 million tonnes of freight each year and 820,000 vehicles every year as well as supporting 15,000 jobs nationally.”
Gagg said: “We have been working with organisations around the world to help them improve their spare parts management processes and methods for over 30 years. Typically, Spare Parts Management inventory accounts for as much as 40% of the annual procurement budget, yet it is not managed to the level typically applied to production inventory.”
“Providing reliable information about spare parts stock cannot be ignored as it offers the opportunity to reduce inventory costs by up to 25 per cent, improve equipment performance and reduce working capital.”
