Following this, in the year under review, in June 2013, Virtualstock signed a landmark three-year renewable contract with Tesco Plc, the UK’s largest retailer. Virtualstock’s SaaS solution was fully integrated and active at Tesco by late November 2013. It connects with Tesco’s set of systems and suppliers, delivering a far greater range of products to be offered online. The solution enables Tesco to add rapidly third party suppliers and their associated product ranges onto the Tesco Direct platform with ease. Using the solution, all orders from Tesco’s range of suppliers can be viewed and managed centrally, on the same intuitive web based interface. Virtualstock’s solution has allowed Tesco to increase significantly its online presence by expanding its non-stocked product range supplied by hundreds of its drop-ship suppliers without having to take on inventory. It forms a key component of Tesco’s online technology strategy and infrastructure, providing the suppliers with a tool which enables them to manage fully the selling of their products through Tesco’s corporate website.
note "Also in July 2015, Virtualstock announced that it had entered into a contract to supply Virtualstock Edge solutions to Maplin Electronics Limited. Virtualstock first started to work with Maplin mid-2014 piloting Virtualstock Edge with Maplin to implement Virtualstock Drop Ship Solutions to expand Maplin's drop ship supplier base while streamlining order management processes."
virtualstock was working with maplin mid 2014 and contracted in 2015. meaning firms take up pilot schemes and trials and then later sign up virtualstock could at this moment be active at any trust or some have suggested manchester/newcastle/shelford group, lets hope for some new contracts now. good luck dyor
I don't think that news will affect what VS are doing, the way I am reading it simply means that the NHS want to put in place a standard practice for purchasing items, so instead of each hospital ordering items for themselves the orders will be placed by a central body that will or should cut down overspending. The trust's will still need a single catalogue to order from.
- a sign that they are trying to come up with a solution internally which is bad news (for us and the NHS!) - a sign they are going to pick a provider like VS (although there are others) to fix the problem for them which is hopefully good news for us - a sign they don't have a clear strategy since it seems a bit of cherry picking has gone on regarding the products which isn't great news
The long term 2019 date sort of ties up with the research project ending in spring 2018 so I am ever hopeful we will be included in this movement. Maybe by then VS will have expanded its retail portfolio further to strengthen our position in the market. All imo of course...
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