Procurant Enters Food Industry as Innovative Software Solutions Provider
- by Jessica Donnel
LOS GATOS, CA - A new software solutions provider for the food industry has entered the scene. Meet Procurant, a Silicon Valley-based creator of mobile, blockchain-based software, and its new platform Procurant ONE. With Procurant ONE, the company looks to become one of the brightest names in the game of offering secure, traceable avenues for retailers and wholesalers to source, contract, and buy perishable goods.
“Today there is unnecessary cost, complexity, and waste in the fresh food supply chain,” explained company CEO, Eric Peters. “With Procurant ONE, we’re taking the first step in offering an alternative to the legacy systems that aren’t solving the challenges of this industry, either for buyers or producers, and modernizing the way safe, healthy food gets from farms to tables.”
Procurant was founded, and Procurant ONE developed, by technology experts from across the food landscape, and the company describes itself as an alternative to the out-of-date offerings of others in the biz, including those that require multiple logins or costly customization. What that result in, for Procurant, is a platform that helps farmers, producers, shippers, distributors, and retailers in their strategic planning and day-to-day supply chain processes.
“Most retailers today are using technology that’s at least a decade or more out of date and are working with partners that haven’t materially advanced the industry since the early 2000s,” added Peters. “That translates into unnecessary costs, risks, and complexity, and the whole system is long overdue for an upgrade.”
Here are a few additional product highlights included in Procurant ONE:
- Centralized way to manage product specifications
- Trading partner discovery and management
- Demand forecasting, aggregation, and allocation
- Inventory tracking and planning to facilitate smarter buying decisions
- Pricing tools to help monitor and negotiate better deals with trading partners
- Collaborative order management and exception handling
- Instant shipment notifications
- Invoice matching and payment tracking
- Optimized load planning and delivery status tracking
- Mobile supply chain applications with instant alerts and notifications
- Seamless integration with ERP and other business software systems
“This team is quite experienced, so even though we started with a blank sheet we had an advantage in knowing where significant benefits could be realized by our customers,” said Bharath Kumar, Senior Vice President of Engineering. “In addition, our customers want every aspect of the system to be mobile and easy to fit to their particular environments. So we designed Procurant ONE top to bottom with respect for what works and with business users in mind. Our advanced engineering approach with new technologies such as blockchain to guarantee the security of the data and IoT to better integrate sensors and devices of all kinds gives our customers a solid foundation for the modern food supply chain.”
Procurant ONE is currently in limited release, the company said, though it predicts it will have full general availability by for the second quarter of 2019. Welcome to the industry, folks!