Companies can also eliminate unnecessary inventory by streamlining inter-company ordering, wrote Malcolm Wheatley for Procurement Leaders Executive Network.
Chief executive Martin Jay said: This revised procurement policy provides us with longer-term security and is another move to alleviating the peaks and troughs that are traditional problems in shipbuilding.
The first phase of the partnership was to put together bids to supply aircraft components manufactured in China, said Zhang Wei, executive director of the supply-chain management and procurement division of AVIC International Holdings.