Case Study: Vention strengthens local sourcing and speeds metal part procurement with Axya

How Vention was able to nearshore a portion of their supply chain during the midst of the pandemic

Vention, a global platform in the industrial automation industry, faced significant delays in its overseas supply chain for custom metal parts during the COVID-19 pandemic. To nearshore a portion of its supply chain and find reliable local suppliers quickly, the company turned to the Axya source-to-pay platform.

Using the Axya platform, Vention posted its RFQs and received 16 competitive quotes from local Quebec-based manufacturers within four days. This solution allowed Vention to establish long-term relationships with local suppliers, resulting in faster delivery, easier communication, and continually competitive bids. Axya helped Vention build a robust Canadian supplier network, making them better equipped to handle future supply chain disruptions.

Vention