TVS SCS secures deal worth Rs 2,000 crore from UK-based Centrica PLC

economictimes.indiatimes.com:

TVS Supply Chain Solutions (TVS SCS) has secured a business deal from the iconic Centrica plc – an FTSE100 company and UK’s leading energy services and solutions company that also operates British Gas — for their supply chain transformation, according to a person aware of the development. This deal worth Rs 2,000 crore is for a period of seven years plus option years.

TVS SCS will be the service partner for Centrica to manage and transform its supply chain operations. TVS SCS, on its part, will provide its global supply chain expertise and offer a suite of its in-built, state-of-the-art proprietary IT systems – Msys – and automate the supply chain in line with Centrica’s business requirements, said the person aware of the development.

This transformational deal will enable Centrica to consolidate its logistics footprint through a new Centre of Excellence campus, which will be supported by state-of-the-art automation; digital ordering and fulfilment; end-to-end visibility and planning; and a flexible final mile delivery and returns service. TVS SCS, through its UK operations, manages circa 3 million items per day for customers across automotive, beverage, defence, healthcare, rail, and utilities sectors.

These clients rely on TVS SCS’ ability to create and manage a resilient supply chain that actively mitigates the risk of supply from global disruptions. It offers a range of solutions that include consultancy, product data management, strategic purchasing, data analytics, inventory management, warehousing, and last mile delivery, among others.