HMV is deploying Wax Digital’s web3 e-sourcing platform in a bid to cut costs and boost efficiency.

The software-as-a-service (SaaS) system will replace an Ariba sourcing solution, and according to Paul Barker, procurement manager at HMV, will enable the retailer to negotiate with suppliers more efficiently.

HMV will initially use web3 to source print and stationery products before rolling it out across other divisions.

“We chose Wax Digital for its intuitive platform and local sourcing expertise. It has helped us to procure more efficiently,” said Barker.