US E-Commerce Group Buys Newport Software Venture
Byline: By Sion Barry Western Mail
A south Wales company, whose innovative software is helping retailers save millions of pounds by alleviating data errors in the supply chain, has been bought by an American firm.
Udex of Newport, which is the world's leading provider of product data quality management software and services, has become part of GXS - a leading provider of business-to-business e-commerce solutions. The value of the deal is not being disclosed.
Udex, which also has offices in the United States, has successfully commercialised the world's first electronic product data quality service for a growing customer base, which includes the likes of supermarket chains Iceland, Sainsbury's and Tesco.
Its innovative electronic bar- coding technology promises to clean up 95% of 'dirty data' in the supply chain.
For example, it identifies and addresses the problem of a supplier of baked beans who has wrongly coded the weight of a consignment sent to a supermarket distribution centre.
The knock-on effect of having an incorrect quantity means that supermarkets could then re-order a product believing it has sold out, when in reality they have created an over-supply which will be difficult to sell.
Udex's technology also alleviates the problem of so-called no-scans, when check-out staff have to put in a fictitious code because one cannot be read on an item - leaving the supermarket unsure as to how many items have actually been sold. …