Kettering-based cereal maker Weetabix, famous for its enduringly popular brand of wheat biscuits, is set to move its procurement systems onto the cloud, the company announced over the weekend.

Weetabix, which is owned by private equity firm Lion Capital, has signed a contract with Wax Digital – an eProcurement and spend control solution specialist. Weetabix will be using Wax Digital's web3 systems as a means of improving its procurement control, compliance, efficiency and visibility.

Its migration onto the cloud, which is due to be completed in November of this year, will enable Weetabix employees to procure items directly for manufacturing and other ends.

The company is the UK's second largest cereal manufacturer and has 1,100 suppliers in over 80 countries. This new system, which will work on a purchase-to-pay basis, will put all of its suppliers' details in one place for Weetabix's 400 strong team of engineers and operation staff to access and manage.

The news comes a week after John Lewis announced its plans to move its appointment booking system into the cloud. The logic behind both decisions is that finding a centralised cloud solution to their IT problems will allow them to save both time and money.

Anthony Bowdidge, head of procurement at Weetabix, said: “As part of the transformation of procurement within Weetabix, the web3 eProcurement solution will meet our vision to utilise best in class systems and procedures to deliver value across the organisation.

“The web3 product is highly intuitive and its advanced supplier collaboration features will drive significant process improvements across our supply chain.”