Genpact's Smart Enterprise Processes (SEP) Framework and Analytics is all set to optimise Jaguar Land Rover's procurement operations. Notably, officials from Genpact reportedly quoted, “Genpact is helping JLR reduce costs, develop sourcing strategies and minimise the complexity associated with managing the large supply base that encompasses the company's global operations.”
Genpact is counted among global leaders when it comes to business process management and technology services. The company had announced that by partnering with Jaguar Land Rover, its main focus will be to provide extensive business process management and analytic services to the British auto manufacturer for ensuring efficient procurement operations. Here, the sole goal will be to reduce costs and develop sourcing strategies. Furthermore, the endeavour will also be to make company's global operations more streamlined in order to effectively manage the large supply base encompassing its operations.
As per terms of the aforementioned agreement, Genpact will manage Jaguar Land Rover's end-to-end RFQ (Request For Quotation) process for successful model launches along with engineering changes. This is going to allow Jaguar Land Rover's purchasing staff to primarily focus on various strategic aspects that are related to the business. Besides standardisation of the RFQ process, Genpact will also help Jaguar Land Rover to scale its business in both, new and existing markets around the world.
The BPO firm is also helping the auto maker to develop commodity sourcing strategies though its extensive analytic and market research support. The company's Smart Decision Services business is going to use its 'Should Cost' framework for identifying cost reduction, negotiation opportunities and strategies. Notably, the BPO services firm is already managing analytic projects for Jaguar Land Rover in production purchasing. Plans to initiate projects dealing with non-production purchasing also reside with Genpact. Patrick Cogny, Senior Vice President and Business Leader, Infrastructure, Manufacturing and Services at Genpact, was quoted as saying, “We are excited to apply our procurement expertise and deep analytical capabilities to Jaguar Land Rover's operations. We combine these strengths to ensure that the right information is sourced, processed, and then injected into Jaguar Land Rover's decision making process to make their operations adaptive to market conditions, globally competitive, and better connected with its supply base.”
At present, Jaguar Land Rover is flourishing with ambitious plans for a sustained growth and profitability in the auto sector. The auto maker currently runs three advanced manufacturing facilities in UK. A first state-of-the-art advanced engine facility is also being built at i54 South Staffordshire Business Park. This new facility will see an investment of more than £500m and will create about 1,400 new jobs.
Jaguar Land Rover plans to invest about £2.75 billion in its products and facilities by the end of March 2014. Currently, this auto maker has an employee strength of over 25,000 heads and sells vehicles in 178 countries. Interestingly, more than 80 per cent of this auto maker's business sees worldwide exports.
Genpact is a global leader in transforming and running complex and industry-specific business processes and operations. The company offers visibly tighter cost management, risk assessing and its management along with regulations and growth options to its prestigious clients. The company boasts of a single-minded passion for ensuring process and operational excellence thought its Lean and Six Sigma heritage.
