Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search


APG Deal Boosts Conduit's Australian Business

AUCKLAND, 14 May 2002 - Supply chain Internet application specialist Conduit has expanded its Trans-Tasman business, signing leading automotive parts and accessories distributor, Automotive Parts Group (APG) as a customer in Australia.

Conduit Chief Executive Officer (CEO) Joanne Hodgson said the deal will see Conduit providing APG's Australian operating divisions with fully hosted and managed electronic data interchange (EDI) services to streamline its purchasing from suppliers. The agreement will also help APG grow cost-efficiencies across its business.

"Conduit will be responsible for APG's data translation, distribution and management, eliminating the need for additional internal software tools, resources and management. This will enable APG's IT team to focus on internal systems delivery," said Ms Hodgson.

Formally a subsidiary of Pacific Dunlop, APG became a standalone business in August 2001, following a management buyout of Pacific Automotive Australia and New Zealand.

APG's Gary West, General Manager Information Technology, said the change in company structure provided an opportunity to review APG's technology infrastructure requirements.

"A critical success factor for our business is being able to confidently expect delivery of product from suppliers," said Mr West.

"We reviewed a number of EDI product solutions and services, and concluded that Conduit would best provide the high level of transaction delivery service, including validation and management of data issues, required by APG," he said.

APG's four key operating divisions; Repco Australia, Repco/Appco New Zealand, Motospecs and Ashdown, operate from 400 locations, have around 4000 employees and manage thousands of orders each week.

Ms Hodgson said the APG deal, combined with Conduit's work for Australian wholesale foods distributor Bidvest and Australian frozen foods manufacturer Simplot, has significantly increased Conduit's business across the Tasman which she said was on track to grow to 30 per cent of Conduit's total revenue by the end of the year.

"There are significant ongoing opportunities for Conduit in Australia targeting companies in the mid-tier distribution and supply chain businesses," she said.

"Conduit will continue to focus on targeted acquisition of new business and profitable growth and we are pleased to show ongoing success where so many NZ and Australian companies have struggled."

Conduit Background

Conduit is a supply chain specialist organisation. The company's primary goal is to use Internet technology to make clients' business transactions more efficient. Its core business is supplying and hosting Internet-based supply chain applications, developed in-house or in partnership with other leading software application providers.

These applications take business-to-business supply chains and distribution to an electronic environment, creating cost-efficiencies for clients. Conduit's applications are provided in a hosted environment allowing clients to focus on their core revenue-generating business.

Conduit International Limited ( ) is a subsidiary of Renaissance Corporation, a technology company listed on the New Zealand Stock Exchange, with a 17% holding by the Development Bank of Singapore (DBS) Conduit was formed in 1997 as a solutions group to support Renaissance Corporation. The company's core intellectual property was originally developed in response to Renaissance's need to identify a strategy for cost-reduction and competitive advantage in the New Zealand Information Technology market.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news