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REV Group embarked on its sourcing and procurement transformation earlier this year, which included four appointments to REV’s globalsourcing and supply chain team, representing the Fire & Emergency, Commercial and Recreation segments. Benefits include: Shortened sourcing cycle times.
I’m also committed to making sure that we don’t ignore sustainability, EDI and social value which all need to be included in our bids and we’re in a perfect position in procurement to make sure that our colleagues are including that as part of their decision-making process when they’re evaluating quality bids coming through.
However, you could also face many challenges when globallysourcing across geopolitical boundaries. Your business could struggle to achieve visibility of its global supply chain. Without good visibility, maximising the benefits from globalsourcing is impossible, as it is impossible to track exactly how much is being spent.
Eric is the Founder and Chief Problem Solver at GO Get Made, a globalsourcing and manufacturing company that specializes in helping businesses optimize their supply chains and scale efficiently with the help of overseas partners.
Introduction In the globalized and rapidly evolving business landscape of the 21st century, the strategic importance of procurement cannot be overstated. It’s about being able to navigate the complex landscape of globalsourcing, regulatory compliance, risk management, and more.
Current State of Supplier Performance Management Nowadays, the interest in improving supplier performance management methods has increased due to the increase in globalsourcing and that of the global economy in particular (Gordon Sherry R, 2008).
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