Industrial company to use Ariba to manage regional category selection, sourcing projects through supplier implementation
Sunnyvale, CA — June 14, 2005 — Teleflex Inc., a diversified industrial company that designs, manufactures and distributes engineered products and services for the automotive, medical, aerospace, marine and industrial markets worldwide, said today that it has selected Ariba to provide key low-cost country sourcing (LCCS) services.
Ariba said it will manage certain LCCS projects for Teleflex, including category selection and sourcing through supplier implementation.
"To remain competitive, companies must align their business and supply chain strategies," said Jan Pinger, director, Global Strategic Sourcing, Teleflex Inc. "A critical element within this strategy development is the LCCS initiative. To execute on that strategy, we needed Ariba's knowledge of global supply markets, supplier network, service capabilities, and sourcing solutions to drive speed, efficiency and long-term results."
Teleflex has been rationalizing its resources and consolidating them into lower-cost regions, which required that the company identify new local sources. Ariba is expected to help Teleflex identify the most beneficial sources by evaluating all facets of the proposed supply base, including products and services in the new regions.
"To gain and maintain competitive advantage in a global economy, companies must actively manage their spend and continually evaluate opportunities presented by globally competitive suppliers to drive savings," said David Morgenstern, managing director, Low-cost Country Sourcing, Ariba. "Teleflex is securing the services and global support intended to help it achieve positive, sustainable bottom-line results."
For more information about Low-cost Country Sourcing, see the article "The Analyst Corner: Sourcing" in the April/May 2005 issue of Supply & Demand Chain Executive magazine.