[News 2023/4/14] Achieving improved operational efficiency and resilience through the unification of business processes.
◆Co-development of "LogiFi" On April 10, STANDAGE Co., Ltd. (hereinafter referred to as "Standage"), which provides trade business support services, announced the launch of a new service for the manufacturing industry called "LogiFi" in collaboration with Sankyu Inc. (hereinafter referred to as "Sankyu"). LogiFi is a service designed to streamline procurement operations in the manufacturing industry by combining Standage's digital technology with Sankyu's logistics capabilities, developed with the cooperation of major financial institutions. In the manufacturing sector, procurement operations have become complicated due to the complexities of supply chains caused by unstable global conditions. To address this, both companies jointly developed the solution "LogiFi." ◆70% Reduction in Procurement Work Time With LogiFi, Standage handles the arrangement of necessary trade documents and payment operations, while Sankyu takes care of all import and export customs operations, as well as storage and transportation-related tasks. Additionally, user financing through trade finance is provided. As a result, it is expected to streamline parts ordering, inventory management, and payments with suppliers in the manufacturing industry, contributing to off-balance-sheet inventory assets and improved cash flow. Furthermore, in a prior demonstration, they successfully achieved a 50% reduction in procurement fees and a 70% reduction in procurement work time.
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