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Rolls-Royce and TVS Extend Supply Chain Contract for five years

February 20, 2024 | by indiatoday360.com

TVS Supply Chain Solutions Limited, a global supply chain solutions provider, announced on February 20, 2024 that its contract with Rolls-Royce, a global leader in technology and innovation, has been extended for five years until 2029. The extension of the partnership pertains to the advanced Parts Distribution Centre (PDC) located in Singapore, which serves the Asia Pacific markets for Rolls-Royce’s Power Systems business unit.

How did the partnership start?

The collaborative journey between TVS Supply Chain Solutions and Rolls-Royce Power Systems regional centre, Rolls-Royce Solutions Asia (formerly known as MTU Asia) began in early 2013 with the mutual goal of enhancing warehouse efficiency and productivity at the PDC through the implementation of an Automated Storage and Retrieval System (ASRS). In 2014, the project came to fruition with the completion of the state-of-the-art ASRS warehousing system tailored to Rolls-Royce’s specific requirements.

What are the benefits of the contract extension?

The contract extension is a testament to the efficiency and reliability of TVS Supply Chain Solutions’ tailored supply chain solutions. The company said that it will continue to provide end-to-end logistics services, including inbound transportation, warehousing, inventory management, order processing, outbound transportation, customs clearance and freight forwarding. The company will also leverage its digital capabilities and innovative solutions to further enhance the operational excellence of the PDC and support Rolls-Royce’s continued growth in the Asia Pacific region.

What is the impact of the contract extension?

TVS Supply Chain Solutions and Rolls-Royce have extended their contract for the parts distribution centre in Singapore till 2029, strengthening their long-term partnership and enhancing their competitive edge in the market. The contract extension will benefit both parties by ensuring seamless and efficient supply chain operations, as well as supporting the growing demand for Rolls-Royce’s power systems products and services in the region.

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