Bunzl subsidiary implementing new project streamlining platform

LONDON (ShareCast) - Bunzl Distribution, a US subsidiary of global logistics and outsourcing giant Bunzl (LSE: BNZL.L - news) , is deploying a new project management IT platform from NYSE-listed ServiceNow (NYSE: NOW - news) , which it hopes will lead to headline efficiency savings, according to the executive managing the rollout. Speaking to Sharecast in Las Vegas, USA at the ServiceNow Knowledge 15 convention, Kelly Kaufmann, technical deployment and project manager at Bunzl Distribution, said the company is hoping to achieve cost reductions and time savings by deploying one project portfolio management (PPM) platform for scheduling, implementing and executing project management tasks.

"We are hoping to save on all aspects of corporate project lifecycle(s), from when an approved project needs to be staffed and scheduled, to managing projects and providing insight and oversight into in-flight projects, and providing tools to keep teams organised," she added.

"As we are very early in the deployment stage of the platform, I cannot assign a valuation on how much the company can save or a cost/benefit analysis in dollar terms just yet. However, there is also a 'time is money' logic at play here. Our objective is to assess, identify and execute tasks in tandem with office incident resolution in a better structured and fastest way possible." Kaufmann also revealed she had used ServiceNow's PPM platform at another organisation before joining Bunzl. "Based on past experience, I remain quietly confident we would achieve our cost/benefit target from a corporate perspective." At the close of markets on Wednesday, the share price of Bunzl was up 2p or 0.11% at 1,870p.