Cumbria Supply Chain Network Group

David Neil BGN Ltd Greensyke House, Lamplugh, Workington CA14 4SA Tel/Fax 01946 861418

Cumbria Industrial Catalogue.

8th Meeting on 1st December 1999 at 2:30 pm -  Armathwaite Hall

1.        Present:    D. Neil (Chairman), P. Caunce, R. Gilbert, B. Lightowler, H. Brown (& Ian Todd),

            Nigel Thomason, Roger Smith, E. O’Keefe, J. Knox

 

2.        Apologies: Nicholas Steven, David Magrath, David Heron

 

3.        Project Plan Phase 1: Edward reported that the ISPL work was going to plan and he had the data from the two suppliers (Gilberts &Deltawaite) with 500 lines each. Martin Tebay is the contact at Marconi Marine and Mike Saunders at BNFL. Richard suggested that it could be useful for Roger to arrange for Thos Graham to have some similar products on the system to give the buyers a choice of supplier. Edward pointed out the need to get a critical mass of suppliers on board.

 

4.        Report on Discussions with Buyers: Eastman Ectona - Ian Anderson was very interested - would like to see more and be involved with the development. British Aluminium - Chris Stanger was keen to demonstrate the initiative to his UK purchasing colleagues and has been given a copy of the ISLP presentation.

 

5.        Genesis Discussions: D. Neil reported that he and Henry Bell met Hazel Broatch and the new MD of the new company ( Commerce Media Ltd) Stephen Corley. Hazel felt there were three broad areas to focus future discussion: 1) Cumbria County Council, 2) Commerce Media for the provision of services 3) Genesis for funding to support SMEs.  David & Edward meet Stephen Corley on 3rd December.

 

 

6.        Financial Report: Peter Caunce reported no further expenditure had been made- still awaiting cheque signatory approvals. This should be completed this week.

 

7.        Shareholder report: No real progress to report on articles & memorandum. Graham Lamont had called D. Neil and suggested we clarify the business plan and give thought to the expectations of the founder shareholders. Members were of the view they would like to have the various options presented to them. (Post Meeting Note: Graham has replied suggesting the Business Plan should include: “An Agreed Vision, IT Strategy, Operations Strategy, People Strategy, Marketing Strategy, Financial Projections. We should  assess the financial need and develop a financial structure including the financial return proposed for: Executives including their Remuneration Package, Founding Partners/Shareholders, Investors.”)

 

8.        Legal Advice: David Neil reported that he met Tom Leach from Burnetts who have agreed to do the first four hours work for £250. It was agreed that we should invite Burnetts to act as our solicitors. However it was agreed that we should specify the exact nature of the work to be done and the directors agreed to meet to deal with this on Monday 6th Dec 3pm at Gateway, Penrith.

 

9.        Formation of Subsidiary: David Neil proposed that CIC should consider forming a subsidiary company to operate, licence or franchise the Industrial Catalogue concept throughout the UK. It was agreed that this could be achieved not by a new company but simply as Cumbria Industrial Catalogue Ltd trading as iprocure. This very neat solution could have the effect that iprocure could be the web site for all users and the first stage in logging on would be to identify the home region. The ownership of iprocure is with ISPL who kind offered this solution to CIC Ltd.

 

 

10.     AOB:  The issue of security, including fraud, was raised by Ian Todd. Vetting of suppliers etc will need to be addressed to safeguard all parties.

 

11.    Next Meeting: Monday 13 December 3:00pm at Furness Internet, Barrow

 

 

 

David Neil 2 December 1999