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Hanwha Defense Australia and veteran owned BenchOn have collaborated to create a new supply chain management platform.
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Hanwha Defense Australia confirmed that the prime is collaborating with veteran owned Australian business BenchOn, which specialises in matching large primes with Australian SMEs to create a new supply chain management platform.
Initially created in 2016, BenchOn matches businesses to facilitate the transference of skills and services between large and small companies by matching businesses that have an oversupply of specialist knowledge with businesses that require additional support. To date, the BenchOn platform has supported $500 million of collaborative projects with over 1,700 companies.
According to a release from the company, Hanwha Defense Australia recognised that the BenchOn platform would also provide value across supply chain and business development management.
Richard Cho, managing director of Hanwha Defense Australia, welcomed the opportunity to use BenchOn to support Australian SMEs.
“We were looking for a system that would provide Australian SMEs with free and fair access to Hanwha’s work packages that best suited them,” Cho said.
“The BenchOn platform did that so well for talent, that we then wanted to see what it could do for our supply chain as well. Both companies jumped at the chance to work together to design something truly innovative.”
Chief executive of BenchOn Tim Walmsley outlined that BenchOn had been able to use its existing platform to create Hanwha’s industry portal.
“With Hanwha’s vision and support for where the platform could go, we realised we had only just scratched the surface with the talent matching platform and that the technology could be evolved quite quickly to manage tenders more effectively as well,” Walmsley said.
Katie Walmsley, chief operating officer of BenchOn, outlined how emerging supply management technologies can facilitate the growth in business opportunities and enable companies to grow at scale.
“Key to this new tool succeeding was to reduce the onerous information collection requirements on SMEs while also protecting the sensitive project information, by only releasing tenders or opportunities to those companies cleared and suitable for the task.” Walmsley said.
“Building this from scratch with today’s technology allowed us to really rethink the best way to conduct defence tenders and supplier management to make it easier, cheaper and more secure for all involved.”
The announcement comes as Hanwha Defense Australia signed a memorandum of understanding with the Gordon Institute of TAFE to support the development of the Australia's sovereign manufacturing workforce.
[Related: Hanwha, Gordon Institute of TAFE sign MOU]
