Client Video: Luminator's experience of working with Maine Pointe
The CEO of Luminator, a high-tech and electronics company, explains how his organization achieved measurable results, fast while working with SGS Maine Pointe. He explains that:
- The challenges facing the organization stemmed in part from global growth through multiple acquisitions and a lack of strategic procurement processes
- The solutions implemented by the SGS Maine Pointe team helped the company gain leverage across the supply chain; they established a standardized new product introduction (NPI) process, built a global data cube and worked side-by-side with the Luminator team on many other initiatives, including a procurement management operating system (PMOS)
The results:
- Improved EBITDA by 32%
- Reduced global procurement spend by 10.9%
- Improved operational efficiency by 6%
- Improved supply chain maturity from below level 2 to above level 3 on the 5-level TVO Maturity Pyramid™
- Aligned global strategic sourcing, focus on supplier conditioning and leverage negotiations
- Rationalized 3 internal manufacturing facilities leveraging EMS suppliers and lower-cost internal operations
- Established accountability and enhanced collaboration and integration in all phases of sales, inventory, operations and planning
- Reduced errors and ineffective supplier selection through enhanced new product introduction process