Bosch Packaging Technology has chosen independent spend management firm Jaggaer to manage its logistics and procurement processes.
The packaging technology major has selected Jaggaer as a substitute solution for its packaging technology division as the company is seeking a buyer to offload the division.
The new solution is expected to support the packaging firm’s digitalisation strategy and offer a higher degree of transparency across all its facilities.
Bosch Packaging Technology purchasing and logistics head Oliver Merle said: “Jaggaer solutions provide a profound basis for implementing our digitalisation roadmap.
“By using Jaggaer’s state-of-the-art technology, we have the opportunity to re-engineer and standardise our processes.
“Jaggaer’s globally recognised expertise in spend management in the machine building industry and their in-depth knowledge of the industry’s procurement requirements and processes was a deciding factor in our decision.”
The all-in-one direct spend management solution from Jaggaer features robust modules for supplier relationship management (SRM), supply chain management (SCM), and logistics.
Bosch will use the solution for seamless ERP integration to achieve increased efficiency and visibility across all its procurement processes.
Headquartered in Waiblingen, Germany, Bosch Packaging Technology supplies process and packaging technology to pharmaceuticals, food, and confectionery industries.
The company currently operates 30 locations in more than 15 countries and employs 6,300 associates.
After considering all its strategic options, Bosch has decided to seek a buyer for its packaging machinery business (PA), especially the pharmaceuticals and food units of the Packaging Technology division.
In June, Bosch Group announced its plans to sell packaging technology as it identified insufficient future prospects for the division within the group.