Transforming procurement functions in a global setting
About the Client
Xoomworks’ client, GE is an American multinational conglomerate. In particular Xoomworks is working with GE Power, a division of GE which provides a broad array of power generation, energy delivery, and water process technologies. GE Power works in several areas of the energy industry, including renewable resources such as wind and solar, biogas and alternative fuels, and coal, oil, natural gas, and nuclear energy. With 38,000 employees across 125 countries and an annual revenue of $27 billion, it needed to streamline its complex procurement processes reducing timescales and delivering savings.
The Xoomworks team worked closely with the GE key commodity managers to determine the parameters around the eAuction sourcing strategy and then templates for the eAuction events could be prepared. Once the new sourcing strategies were in place the Xoomworks team carried out training for each commodity manager as well as for all participating suppliers to enable them to get the most out of the new process.
GE improved its IT infrastructure to enable its sourcing platform to support those global processes with PowerSource, based on SAP Ariba products, to give each commodity manager the precise toolset to enable the right procurement outcomes.
To support the changes in procurement and RFx processes GE turned to Xoomworks and its eAuction service to provide expert support to structure their sourcing programme. eAuctions work by inviting suppliers into an electronic bidding process on specific products or services.
- Adoption of a new way of sourcing commodities across the organisation
- Change Management
- Significant cost savings from a new electronic way of sourcing
- Improved traceability of work flows
- Time and efficiency gains
“Xoomworks supports our strategy and does it in a very professional way. They are supporting my strategic goals in a way that I couldn’t imagine.”
Download the client story to discover why GE have extended their contract and doubled the amount of support they receive.