Tire manufacturer Trelleborg Wheel Systems has launched a B2B eCommerce marketplace.
“My TWS Hub,” which debuted Monday (Mar. 13), is designed to help dealers manage their tire stocks and streamline deliveries to customers in the construction, agriculture and material handling sectors.
“We’ve been active in the eCommerce space for years and have learned a lot about our customers’ needs and how they make purchase decisions along the way,” Trelleborg president Paolo Pompei told the trade publication Precision Farming Dealer.
“Our new, updated My TWS Hub is the latest company innovation that allows dealers to respond more quickly to a fast-changing world.”
The hub offers dealers more intuitive search filters to find tires by brand, segment, or keyword. It also features e-learning and news sections and offers the ability to communicate with local customer service reps all over the world.
The launch comes days after the launch of a similar marketplace by aviation parts provider PartsBase, built using OroMarketplace, Oro’s end-to-end digital marketplace solution, PYMNTS reported last week.
“Thanks to Oro’s robust and highly flexible features, our platform will adapt as new trends and market requirements emerge, ensuring we’re able to meet the evolving needs of our users for many, many years to come,” PartsBase Chief Transformation Officer Rodrigo Garcia said in a news release provided to PYMNTS.
The PartsStore joins PartsBase’s B2B online parts locator service that serves the aviation, aerospace and defense industries, the release said. The marketplace lets buyers and providers discuss procurement needs, get access to market pricing information and carry out transactions.
These marketplaces are debuting at a time when manufacturing firms are increasing their investment in procurement innovations, as recent PYMNTS research has shown.
While 42% of companies in the sector already invest in these innovations, a healthy 44% of industry firms still plan to invest sometime in the future.
“Driving implementation delays is economic uncertainty, as 78% of surveyed manufacturing chief financial officers said the factor is very or extremely influential in their decision to invest in procurement,” PYMNTS wrote recently.
It may be tempting to undertake across-the-board cuts during tough economic times, but skimping on procurement modernization could be giving up long-term cost benefits in favor of more immediate savings, as close to three-quarters of manufacturing CFOs noted improvements in the efficiency of their company’s procurement processes when investing in the system’s digitization.
Luckily for the 44% of manufacturers that plan to modernize their procurement systems, there are options to ease the transition.