Problem
VT Shipbuilding found itself faced with a complex and cumbersome list of suppliers, including an array of sources for vital pumping equipment. That meant a twofold challenge: to streamline its supplier list, yet still ensure that the company had quick access to quality pumps that met its stringent performance demands; and to reduce costs.
Solution
CIRCOR International embraced the VT Shipbuilding procurement relationship approach to its marine pump equipment requirements, which focused on making the manufacturer-supplier relationship more efficient, more cost-effective and better able to assure critical product availability.
Results
By selecting CIRCOR as its preferred supplier of marine pumps, VT Shipbuilding was able to pare its pump supplier list down from a half dozen disparate sources to just one, strengthening both its supplier connections and its bottom line. Today CIRCOR is supplying a variety of pumps to the company for two major shipbuilding projects, one for a Caribbean country and the other for a Middle Eastern country.