TVS Supply Chain Solutions wins Strategic deal with Daimler Truck AG

TVS Supply Chain Solutions Limited (NSE: TVSSCS, BOM: 543965), a global supply chain solutions provider and one of the largest and fastest growing integrated supply chain solutions providers headquartered in India, announced a new 5-year strategic contract with Daimler Truck South East Asia Pte Ltd, a Daimler Truck AG company, for Integrated Supply Chain Solutions (ISCS) service in Singapore.

This contract solidifies TVS SCS as a primary logistics partner for Daimler Truck AG, the world’s largest manufacturer of commercial vehicles, reinforcing the organisation’s commitment to delivering exceptional logistics services between Germany and the Asia-Pacific region. Daimler Truck South East Asia conducted a thorough evaluation process before awarding TVS SCS with the opportunity to provide these new services.

“The scope and prestige of this partnership reflect the trust placed in TVS SCS to manage critical supply chain operations”, says Vittorio Favati, CEO of TVS SCS Global Forwarding Solutions.

The collaboration between TVS SCS and Daimler Truck South East Asia aims to address critical operational objectives:

• Establish a robust logistics solution for distributing spare parts and related items.

• Streamline supply chain operations, servicing Daimler Truck South East Asia’s distributor network, dealers, and workshops in 16 countries in the Asia-Pacific region from its strategic logistics centre in Singapore.

• Efficient management of 8,000 SKUs and 65,000 order lines annually, accommodating a diverse range of parts with varying storage requirements.

• Ensure smooth transportation across multiple modes, including air, Full Container Load (FCL), Less than Container Load (LCL), and road transportation, coupled with customs clearance and Dangerous Goods (DG) declarations.

• TVS SCS is delivering a customised IT solution suite, centred on a bespoke online platform that provides inventory visibility and ordering to Daimler Truck Parts Centre (DTPC) Southeast Asia customers. The IT solution also provides DTPC SEA with an integrated capability for inventory management, parts replenishment ordering, parts pricing, invoicing and data analytics.

Mr. Favati emphasised TVS SCS’s delight for the new contract win: “We are thrilled about the opportunity to deepen our partnership with Daimler Truck AG and assist with their strategic goals, particularly the distribution and warehousing solutions in Singapore. The long-standing relationship between Daimler and TVS SCS is a testament to both companies sharing a commitment to operational excellence and innovation.”

Mr. Christoph Stemmer, Vice President Customer Services & Parts, Mercedes-Benz Bus and Special Truck Sales SEA: “We are thrilled to move into a dedicated commercial vehicles warehouse and by doing so, to focus entirely on the needs of our Daimler Truck customers in the region. TVS SCS has been chosen as our logistics partner due to their unique service offer and their performance as a dedicated and passionate warehouse and logistics provider. We are looking forward to a successful collaboration.”