Technology

ASMO strengthens its presence in Saudi Arabia with new partnerships and headquarters

Published

3 months ago

October 17, 2024

16 MoUs with leading companies to expand collaborations in the energy, chemicals, refining, industrial, healthcare, and aviation sectors.Partnerships with Aramco Digital, SAP, & Oracle valued at over SAR 300 million (over USD 81 Million) to digitalize and advance the transformation of the supply chain and procurement landscape.Company unveils new headquarters at the Asharqia Chamber of Commerce Tower, Dammam, Saudi Arabia

DAMMAM, Saudi Arabia, Oct. 17, 2024 /PRNewswire/ — ASMO (Advanced Supply Management Operations), a joint venture established by DHL and Aramco through the Saudi Aramco Development Company, has signed Memorandum of Understandings (MoUs) with industry leaders and agreements with multinational technology providers to advance its vision to be a supply chain market leader in the Middle East and North Africa (MENA) region. The company launched earlier this year to meet the energy, chemical, and industrial sectors’ complex end-to-end supply chain and procurement demands.

As Saudi Arabia’s first procurement and supply chain services hub of its kind serving the region’s energy, chemical, and industrial sectors, ASMO has signed 16 MoUs with industry leaders across multiple sectors, to explore value-creation opportunities and create more resilient, efficient, sustainable, and integrated end-to-end supply chain services. Also, ASMO signed agreements worth over SAR 300 million (over USD 81 Million) with Aramco Digital, SAP, and Oracle to accelerate its digital transformation and drive operational excellence across the supply chain and procurement landscape in Saudi Arabia. The signings took place at ASMO’s new headquarters at the Asharqia Chamber of Commerce Tower, Dammam.

“Today, I am proud to announce our strategic partnerships that are in line with Vision 2030 objectives and contribute to the Kingdom’s economic growth by creating a more resilient, efficient, and sustainable supply chain ecosystem. We aim to enable our customers to focus on their core business activities while benefiting from improved service levels, reduced carbon emissions, and enhanced operational efficiency, helping them to pursue and attain new growth opportunities. The establishment of our new headquarters at the Asharqia Chamber of Commerce Tower in Dammam and these newly concluded partnerships and MoU signings represent a defining chapter in ASMO’s journey,” said Salem Al Huraish, ASMO Chairman.

ASMO’s strategic partnerships with leading technology providers will enable ASMO to leverage innovative technologies and solutions to optimize its supply chain services, finance, and HR operations. Through collaborations with Aramco Digital, SAP, and Oracle, ASMO will implement advanced ERP systems, procurement control towers, and B2B eMarketplace to enhance decision-making, asset utilization, and operational efficiency. These partnerships aim to streamline planning and procurement functions, automate finance and HR processes, and improve overall productivity and employee experience.

The 16 MoUs aim to identify opportunities to create value, drive efficiencies across supply chain operations, and support growth:

In the chemical and refining sectors, ASMO signed MoUs with Luberef, Rabigh Refining and Petrochemical Co (Petro Rabigh), Saudi Aramco Jubail Refinery Company (SASREF), Saudi Aramco Total Refining and Petrochemical Company (SATORP), and Yanbu Aramco Sinopec Refining Company (YASREF).In the energy sector, MoUs have been signed with Baker Hughes, Cameron Al-Rushaid, Halliburton, Schlumberger Middle East S.A. (SLB), and Weatherford.In the global manufacturing sector, MoUs have been signed with ArcelorMittal, Jubail Energy Services Company (JESCO), Tenaris, and Vallourec.In the aviation and healthcare sectors, MoUs have been signed with Aloula Aviation and Johns Hopkins Aramco Healthcare (JHAH).

The new headquarters is an eight-floor, LEED-certified facility anticipated to accommodate over 1,200 employees. ASMO is focused on leveraging innovative technologies to deliver substantial value to its partners and customers, helping to drive innovation, efficiency, and sustainability in supply chain and procurement operations.

With these developments, ASMO is well-positioned to become a key player in redefining the procurement and supply chain landscape across the energy, chemical, and industrial sectors. By leveraging innovative technologies and aligning with Saudi Arabia’s Vision 2030, ASMO aims to deliver substantial value to its partners and customers in the Kingdom and the wider MENA region.

About ASMO
At ASMO, our ambition is to redefine the supply chain and break free of traditional logistics and procurement barriers, giving energy, chemical, and industrial sectors the opportunity for boundless growth.

Through a joint venture between Saudi Aramco Development Company and DHL, we provide comprehensive end-to-end supply-chain services for the energy, chemical, and industrial sectors within and outside the Kingdom.

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Technology

Made4net and Gather AI Partner to Enhance Supply Chain Accuracy and Efficiency

Published

37 minutes ago

January 15, 2025

WMS and AI-driven drone inventory technology streamline warehouse operations, improve inventory accuracy, and reduce costs

TEANECK, N.J., Jan. 15, 2025 /PRNewswire/ — Made4net, a global provider of cloud-based Warehouse Management Systems (WMS) & end-to-end supply chain execution software, and inventory intelligence solution Gather AI, are proud to announce their partnership. Together, the two companies deliver innovative inventory management solutions that empower joint customers like Barrett Distribution Centers and Taylor Logistics with WMS and AI-driven drone inventory technology to streamline operations, improve inventory accuracy, and reduce costs.

Joint customer, Barrett Distribution Centers, demonstrates the transformative impact of the Made4net and Gather AI partnership. By utilizing Gather AI’s advanced AI-based drone inventory technology with Made4net’s 3PL warehouse management system, Synapse 3PLExpert WMS, Barrett ensures unparalleled inventory accuracy for Stadium Goods, a consignment e-tailer specializing in high-value sneakers. The drones, equipped with computer image AI-driven software, autonomously scan and verify the placement of 500,000 pairs of shoes stored across complex warehouse layouts.

Similarly, Taylor Logistics has achieved faster and more cost-effective cycle counts for cases and pallets using the Gather AI solution in conjunction with Synapse 3PLExpert WMS. By automating inventory data collection and seamlessly syncing it back into the WMS, Taylor ensures real-time accuracy while optimizing operational efficiency.

“Partnering with Gather AI reinforces Made4net’s commitment to continue introducing innovative technology and delivering state-of-the-art solutions that drive supply chain excellence,” said Amit Levy, EVP of Sales and Strategy at Made4net. “By combining our robust WMS capabilities with Gather AI’s cutting-edge inventory intelligence technology, we’re helping our customers achieve new levels of accuracy, efficiency, and cost savings.”

“Gather AI’s mission is to empower warehouses with actionable insights that reduce costs and improve operations,” said Sankalp Arora, Ph.D., CEO & Co-Founder of Gather AI. “Collaborating with Made4net enables us to bring these benefits to more customers, helping them stay competitive in today’s fast-paced logistics landscape.”

About Made4net
Made4net is a leading global provider of best-in-class, cloud-based supply chain execution and warehouse management solutions for organizations of all sizes to improve the speed and efficiency of their supply chain. Visit www.made4net.com to learn more.

About Gather AI
Pittsburgh-based Gather AI is a market leader in supply chain AI to decrease the cost of inventory, improve productivity, and boost revenue. Visit www.gather.ai to learn more.

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SOURCE Made4net, LLC

Technology

ADP Declares Regular Quarterly Dividend

Published

37 minutes ago

January 15, 2025

ROSELAND, N.J., Jan. 15, 2025 /PRNewswire/ — The board of directors of Automatic Data Processing, Inc. (Nasdaq: ADP) has declared a regular quarterly dividend of $1.54 per share payable April 1, 2025 to shareholders of record on March 14, 2025.

About ADP (NASDAQ – ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com

ADP, the ADP logo, and Always Designing for People are trademarks of ADP, Inc.

ADP – Investor Relations

Investor Relations Contacts:
Matthew Keating, CFA
973.974.3037
Matthew.Keating@adp.com

ADP – Media

Media Contact:
Allyce Hackmann
201.400.4583
Allyce.Hackmann@adp.com

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SOURCE ADP – IR

Technology

CobbleStone Software Announces 2025 Roadshow for Client CLM Training

Published

37 minutes ago

January 15, 2025

CobbleStone Software announces its 2025 Roadshow, “Fostering Your Future Through Industry-Leading CLM.”

PRINCETON, N.J., Jan. 15, 2025 /PRNewswire-PRWeb/ — CobbleStone Software – a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrix™ Report – is excited to announce its 2025 Roadshow for clients, “Fostering Your Future Through Industry-Leading CLM.” This immersive training will provide personalized learning, hands-on practice, and actionable insights for users of CobbleStone Contract Insight® contract management and eProcurement software.

“Through this event, we aim to provide a collaborative learning environment that encourages clients to navigate the complexities of contract management with ease and confidence using CobbleStone Contract Insight.” – Bradford Jones, VP of Sales & Marketing at CobbleStone

Improper or outdated contract management methods make operations difficult – and contract managers are feeling the heat. According to a World Commerce & Contracting survey of its members, 84 percent experience pressure for contract simplification (1). Thankfully, a strong contract management software solution that also supports continued learning and mastery can foster contract automation and a more straightforward process.

Such is the purpose of CobbleStone’s 2025 Roadshow for client training: to go above and beyond just providing an award-winning contract management solution and continue equipping contract managers with its widely praised learning and practice resources.

CobbleStone clients are encouraged to sign up for this can’t-miss CLM event with the following locations and dates:

> Orlando, Florida on April 25th

> Chicago, Illinois on May 16th

> Los Angeles, California on September 26th

> Dallas, Texas on October 24th

Click here to learn more and/or register for the event!

“Our 2025 Roadshow reflects our commitment to fostering client empowerment and equipping our users with the tools and knowledge needed to succeed,” says Bradford Jones, VP of Sales and Marketing at CobbleStone Software.

Contact CobbleStone Software for a free demo.

For more information, email Sales@CobbleStoneSoftware.com or call 866-330-0056.

About CobbleStone Software:

CobbleStone Software is a celebrated leader in contract management software solutions whose flagship CLM software solution – CobbleStone Contract Insight – expedites contract management, vendor management, eProcurement, and eSourcing processes while offering seamless integrations, ease-of-use, and high scalability. CobbleStone’s contract lifecycle management solutions provide simplified contract and vendor tracking, highly configurable email alerts, user-friendly calendar notifications, intelligent contract workflow automation, highly robust security options, streamlined authoring of contract templates with dynamic clauses, centralized revenue/cost management, detailed text indexing and searching, future-minded vendor/client ratings, robust document version control, custom contract management reports, speedy IntelliSign® electronic signatures, more intelligent contracts with VISDOM® artificial intelligence and machine learning, and more.

Follow CobbleStone Software on social media:
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To stay up to date on contract lifecycle management industry trends and news, subscribe to CobbleStone’s Contract Insights blog.

Media Contact

Sean Heck, CobbleStone Software, 866-330-0056, Marketing@CobbleStoneSoftware.com, https://www.cobblestonesoftware.com/

Twitter

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SOURCE CobbleStone Software