EDS, Bechtel announce Global Supply Group
EDS, a global information services provider, and Bechtel, one of the world`s leading engineering and construction firms, have announced a joint venture, Global Supply Group, formed to provide supply chain management outsourcing services to U.S. companies in the utility industry. Headquartered in Houston and Plano, Texas, Global Supply Group will offer its customers full process management of the functions necessary to obtain equipment, materials or services, including requirements definitions, sourcing and procurement, materials and inventory management, inbound logistics, and accounts payable.
Global Supply Group`s first customer is Boston Edison, a public utility serving 1.5 million customers in the Boston, Mass., area. The utility realized more than $1.8 million in reduced commodity item procurement and inventory costs at its Pilgrim Nuclear Power Station in the first three months following the company`s recent signing of a five-year outsourcing agreement with Global Supply Group.