Genpact and JLR partner for optimizing procurement operations
Jaguar-Land Rover has entered into a partnership with Genpact, a BPO firm for optimizing its procurement operations. "Genpact is helping JLR reduce costs, develop sourcing strategies and minimize the complexity associated with managing the large supply base that encompasses the company's global operations," stated the company in a release.
JLR's procurement operations are expected to get optimized with the analytics and research support from Genpact which will streamline its sourcing strategies and decisions. According to the partnership terms, Genpact will take care of JLR's end-to-end Request For Quotation process for their engineering upgrades and new model launches. This will make room for JLR's purchasing staff to shift their focus on the more strategic aspects of the business.
Additionally Genpact will assist JLR to scale its business in new and existing markets while ensuring efficiency and compliance. It will also help JLR in creating strategies for commodity sourcing and roadmaps which will have significant bottom line impact. Genpact has earlier launched JLR's analytics projects for production purchasing.
