New Platform Streamlines Global Purchasing Processes
DULUTH, Ga.
--(BUSINESS WIRE)--Sep. 21, 2015--
AGCO
(NYSE:
AGCO
), a worldwide manufacturer and distributor of
agricultural equipment, is pleased to announce the launch of the
AGCO
e-Sourcing platform to manage all production material sourcing projects
across the organization. For the first time,
AGCO
will utilize one
web-based platform to streamline and strengthen supplier collaboration
at a global level.
“AGCO continues to invest in transforming into a truly global purchasing
organization, and the launch of our new e-sourcing platform is another
significant milestone in our journey,” said Josip Tomasevic, AGCO VP
Purchasing and Materials & CPO. “The investments in tools and processes
to harmonize how we work together with our valued suppliers not only
strengthens our business relationships, but also enables us to more
efficiently deliver on our quality, cost competitiveness, innovation and
on-time delivery performance.” Under the Global Purchasing Excellence
initiative,
AGCO
is transforming to a global commodity management
organization by executing strategies to drive sustainable value through
AGCO’s supplier network.
Powered by SynerTrade software, the
AGCO
e-Sourcing platform was
designed with suppliers in mind. “We want to be the preferred customer
for our suppliers and we’re excited to have a strong partner with
SynerTrade to offer this platform to our suppliers,” expressed Jan
Theissen, AGCO Director Strategy & Methods Global Purchasing.
“SynerTrade’s software provides a powerful platform promote and foster
collaboration, efficiency and transparency, everywhere.” The utilization
of the new e-Sourcing platform in conjunction with AGCO’s award-winning
2015 Supplier (Risk) Management Solution enables AGCO’s commodity teams
globally to make decisions on the basis of supplier performance, as well
as potential compliance, economic, geopolitical and other risks.
And suppliers now have an easy-to-use platform that reduces complexity
and provides access to all global sourcing projects across all AGCO’s
brands and sites.
About
AGCO
AGCO
(NYSE: AGCO) is a global leader in the design, manufacture and
distribution of agricultural equipment. AGCO supports more productive
farming through a full line of tractors, combines, hay tools, sprayers,
forage equipment, grain storage and protein production systems, seeding
and tillage implements and replacement parts. AGCO products are sold
through five core equipment brands, Challenger®, Fendt®, GSI®, Massey
Ferguson® and Valtra® and are distributed globally through a combination
of approximately 3,100 independent dealers and distributors in more than
140 countries. Founded in 1990, AGCO is headquartered in Duluth,
GA,
USA
. In 2014,
AGCO
had net sales of
$9.7 billion
. For more information,
visit http://www.AGCOcorp.com. For
company news, information and events, please follow us on Twitter:
@AGCOCorp. For financial news on Twitter, please follow the hashtag
#AGCOIR.
AGCO
: 25 years of identity, centuries of history
View source version on businesswire.com: http://www.businesswire.com/news/home/20150921005203/en/
Source:
AGCO
AGCO
Carmen Walsh, 770-813-6518
Carmen.Walsh@AGCOcorp.com