Hoofddorp, Netherlands, 15 September, 2016 – CEVA Logistics, one of the world’s largest supply chain management companies has won a three year contract for the European distribution of spare parts for Vermeer – the family-owned, world-leading brand in agricultural and industrial equipment. The new European distribution center (EDC) will operate from CEVA's Roosendaal facility in the Netherlands.
In addition, CEVA will provide integrated ocean services to Vermeer from its Pella, Iowa, USA headquarters. This will enable Vermeer to support the new central warehouse at Roosendaal with additional parts which are made and stored in the U.S. and which CEVA will then ship to Europe.
Operations went live this month following extensive CEVA trials, testing of all EDI interchanges, training and building interfaces with customer systems. As a result of using the new EDC, Vermeer dealers and customers will see their lead times on product orders reduced by 1-2 days, representing a considerable improvement in service for both.
"By centralizing high-demand products closer to their area of use we are now able to handle the majority of Vermeer spares through CEVA’s Roosendaal facility," states Mark Bekkers, CEVA Business Development Manager who worked with Vermeer to design the innovative solution to precisely suit its requirements. "Our team here really understands the Vermeer Corporation's need for an agile logistics partner and we believe our multi-discipline services and IT solutions will have a streamlining effect on their spare parts service and will improve efficiency for both its dealers and end-users." An additional benefit to Vermeer in appointing CEVA to handle its European distribution is that it will also be able to offer an EU-overnight drop ship delivery service to end users.
Commenting on the new logistics concept for Vermeer, the company's Parts Manager, Ruben Coppoolse said: "This arrangement helps support our company growth and customer experience goals by positioning high-demand items at a central warehouse in the Netherlands allowing Vermeer to replenish stock parts at the dealer level in a timely manner. Vermeer will also be able to facilitate EU-overnight dropship delivery to customers.”
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CEVA - Making business flow
CEVA Logistics, one of the world’s leading non-asset based supply-chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 41,000 employees in more than 160 countries are dedicated to delivering effective and robust supply-chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit www.cevalogistics.com.
Vermeer Corporation delivers a real impact in a progressing world through the manufacture of high-quality underground construction, surface mining, tree care, environmental and agricultural equipment. With a reputation for durability and reliability, that equipment is backed by localized customer service and support provided by independent dealers around the world. To learn about Vermeer Corporation, products, the dealer network and financing options, visit www.vermeer.com.
SAFE HARBOR STATEMENT:
This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company’s expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2016 and beyond, and the other non-historical statements. These statements can be identified by the use of words such as “believes” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company’s global operations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, is contained in the Company’s annual and quarterly reports, available on the Company’s website, which investors are strongly encouraged to review. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.