The Woodlands, TX August 30, 2001 Utility and energy services industries marketplace Pantellos today announced that it has aligned with TNT Logistics North America. The alliance is designed to provide logistics solutions that help members manage and improve transportation and distribution costs.
The ability to deliver goods and services when promised is one of the most important qualities in strong buyer-supplier relationships. Logistics is also a core element in a well-functioning supply chain that can have a dramatic impact on a company's bottom line. According to the company, Pantellos Logistics, powered by TNT, can help members lower costs and streamline processes by improving freight transportation, inventory management, and materials distribution.
"Utilities purchase more than $130 billion worth of materials each year, from enormous turbines to fiber cable, so logistics is a significant element in our members' supply chain management," said John Jung, Pantellos vice president of solutions and services. "By working with TNT to help our members improve these operations, we can help improve relationships between buyers and suppliers and have a positive impact on our members' return on their equipment investment."
"The combination of Pantellos' extended reach to trading partners and TNT Logistics North America's operational and technology excellence will enable the Pantellos membership to capture considerable savings in their logistics operations," said Dave Lamolinara, vice-president and general manager of TNT Logistics North America.
For a look at how the energy industry is making the switch to e-commerce, look for the December issue of iSource Business magazine.