Hivebound

Year: 2024

Award: Supply Chain Excellence Awards - UK

Award Name: The Digital Transformation Award

Company: Cromwell Tools, Hivebound

Hivebound, in collaboration with Cromwell Tools, developed a transformative supply chain collaboration platform, revolutionising their supply chain processes.

Addressing key challenges like lack of order visibility, manual reconciliations, and paper-based systems, Hivebound’s scalable SaaS solution integrates AI and OCR technologies to enhance efficiency.

The platform allows suppliers to book slots, upload shipment notes, and provides a digital twin of the document.

A bespoke dashboard offers real-time supplier performance data, while an AI-powered copilot proactively alerts users to trends.

Cromwell Tools has seen a 10-20% reduction in overall inbound operation costs, and increase in throughput through the warehouse which has increased the order book and also improved supplier partnerships.

This innovative solution exemplifies excellence in digital transformation, collaboration, and customer benefits.