Tieto introduces Forest Hub to digitalize wood and fibre supply
- IT Innovations
- 27.03.2017 07:45 am
Tieto is introducing a new Forest Hub ecosystem platform that helps wood supply business partners in their operational data transfer regarding wood logistics and mill reception processes. Tieto Forest Hub seeks to improve daily operational planning and follow-up, management of the inventories, and information quality, while also decreasing the amount of manual work required and reducing errors.
Tieto Forest Hub is open to all actors in the industry, from large forest industry companies to medium size and small businesses, including bioenergy producers. Two major forest products companies Metsä Group and UPM are implementing the Forest Hub this year.
”Efficient and modern two-way data transfer between us and our industrial partners and customers helps us serve them even better and also improves our own operational steering. System open to all actors is cost-efficient and enables predicted growth in data transfer”, says Olli Laitinen, SVP, Development, Metsä Group Wood Supply and Forest Services.
“Tieto Forest Hub improves the forest industry logistics data transfer capabilities by connecting different wood supply business partners into a modern ecosystem. By implementing the Forest Hub we are able to improve the wood supply chain together with our partners,” says Tomi Simola, Director, Business Development, UPM Wood Sourcing and Forestry.
Tieto sees, also beyond wood sourcing, great potential for similar hubs in the distribution of forest products, as well as in other industries relying on trading partners and logistics ecosystems.
”We are excited to help our customers to boost their business efficiency and provide an environment for new growth opportunities. Tieto Forest Hub offers service packages for actors of all sizes, from small entrepreneurs to large international companies. Because of this, we believe it will grow into an ecosystem platform on which future solutions and applications are developed and applied in wood and fibre sourcing”, says Jaakko Kuusisaari, Director, Wood & Fibre, Tieto.
Tieto’s Forest Hub innovation is based on Business Information Exchange (BIX), which is a cloud service for B2B integration. Tieto BIX currently covers 1,500 direct customers, 26 sales partners, and exchanges close to 500 million transactions annually. By using this large scale B2B integration service as its core, Tieto Forest Hub can provide cost efficient and reliable services that meet the business continuity requirements of mission critical processes.