Liv-ex has won the Drinks Business’s 2016 Supply Chain Initiative of the Year award for its SIB Passport and Instant Transfer.
Both initiatives focus on the immobilisation of stock, which reduces the risk of damage as well as reducing costs.
SIB (Standard in Bond) Passport is an electronic certificate issued by Vine to confirm that a case of wine is SIB-compliant. It enables wines to be processed quickly when they are bought, sold, or shipped.
If the wine remains stored in Vine the SIB Passport is valid for three years. A Liv-ex member selling wine with an SIB Passport can instantly take advantage of opportunities to sell, whether on or off the Exchange.
The Instant Transfer enables you to transfer ownership of stock with a single click on Vine’s stock management system. This ensures faster payment and eliminates it from being damaged in transit.
If you have any questions, please speak to your Exchange Manager.
Director James Miles and Logistics Manager Claire Houlahan with the award
