STRATEGIC SOURCING : WHAT DOES GOOD LOOK LIKE ?
SOURCING EXCELLENCE FRAMEWORK – “ SIMPLIFY THE WAY WE WORK ”
sourcing leader is to meet with internal departments and suppliers to identify the pain points and improve operational efficiency .” He further states that by having open conversations with key suppliers and partners , the company has turned its supply chain into a network where information is shared in trust to have a win-win strategy .
Since 2015 , the SPX Transformer Solutions team has driven the supply chain methodology using sourcing excellence framework which is now well established and followed within the business .
STRATEGIC SOURCING : WHAT DOES GOOD LOOK LIKE ?
The Sourcing Excellence Framework ( SEF ) helps the business drive operational efficiency and margin stability when price volatility and supply chain risk on commodities exist . For example , commodities like steel and aluminum – mainly driven by section 232 tariffs – continue to be unfavorable to transformer original equipment manufacturers ( OEMs ) in the US .
“ Since 2018 , our proactive approach in implementing the Sourcing Excel- 83
SOURCING EXCELLENCE FRAMEWORK – “ SIMPLIFY THE WAY WE WORK ”
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