TT Electronics is a global provider of engineered electronics for performance critical applications. Operating across 27 manufacturing facilities globally, the business has grown both organically and through acquisition in recent years, operating multiple ERP/MRP systems with significant opportunities for leverage and rationalisation yet hampered by basic assess to data in order to unlock the benefits.
Recognising the opportunity to drive supply chain synergy savings across the organisation, Stewart Partridge, VP Supply Chain & Process Improvement, was appointed to transform the way the business thought about cost moving forward. Stewart quickly embraced the need to implement a common e-procurement system across the organisation as a key enabler to driving cost improvement and optimising supply chain performance.
Starting with rollout of Spend Analytics across all 27 sites, the business is now well positioned to drive strategic and operational cost improvement. With Analytics now embedded and Supplier Performance in its final stages of implementation, attention turns to the implementation of R.I.S.C. as a means of assessing and managing supply chain risk.
Reflecting back on the last nine months, Stewart does not underestimate the effort it took to transition the vision into reality. ‘The valuable insights that we are now able to derive are directly attributable to efforts by Vendigital and our internal IT, Finance and Procurement stakeholders across the organisation to help extract, cleanse and categorise the data currently captured within multiple systems’.
‘Having the necessary technology in place is not enough’ says Stewart Partridge. ‘Technology must be underpinned by data integrity to drive business insight, and Vendigital supported us in laying a foundation for business intelligence. Whilst there are many Technology Service providers in the market place, what sets Vendigital apart is their rich procurement consultancy heritage and an inherent understanding of our supply chain. They deployed the right governance process and successfully engaged our divisional and site level stakeholders to ensure buy-in.’ Their procurement portal provides a unique suite of applications providing supply chain intelligence that will drive true cost transformation for TT Electronics.
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"Vendigital has been instrumental in driving the cost reductions, leveraging the benefits and institutionalising the savings for the long term."