Supply Chain Initiative Award

Winner: GE Vernova

Entry Overview

Managing everyday transactional activities is extremely important for every organisation, especially when dealing with complex, low-volume, high-mix parts procurement with heavy short-cycle demands. Having an effective daily management system helps to avoid surprises and enables cross-functional actions to dive continuous improvement to have improve revenue, margin and cash.

GE Vernova procurement organization deals with thousands of transactions every day with more than 3,500 external suppliers around the globe. There is huge dependency with external suppliers and cross-functional teams in the company’s value chain, which caused issues such as customer delivery misses due to supplier delays and promise slippages, cost escalations due to vendor negotiation delays and sudden price inflation requests, execution delays from cross-functional teams due to conflicting priorities, and many more. These created big hurdles in day-to-day operations.

GE Vernova Transactional Lean and Procurement Daily Management platform helps to connect the daily tasks and priorities of cross-functional teams and external suppliers and provide real-time data insights into supply chain challenges, enabling proactive problem-solving to avoid negative customer impacts.

The Lean Daily Management system helped to deliver significant digit year-on-year improvement in various leading and lagging KPIs for safety, quality, delivery and cost, irrespective of the massive supply chain disruptions caused by the pandemic, inflation and global geopolitical dynamics.

Press release

Official announcement of the World Procurement Awards 2024 winners and highly commended

Winner’s digital badge

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How does it feel to win an award?

Watch the GE Vernova team´s instant reaction to winning the coveted Supply Chain Initiative Award

Judges’ feedback

“I was impressed with the methodology deployed to this challenge. A range of Fdifferent lean approaches were implemented and the results were tangible and quick.”

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