Corbus recently entered a strategic partnership with European company GIS to strengthen complementary procurement and supply chain services, according to a press release.
"This partnership now provides both our companies the ability to utilize their infrastructure and resources across North America, Europe, Asia, Latin America, Middle East and Africa," Corbus President Steve Catanzarita said.
The collaboration will combine a wide range of “sourcing and procurement services, tail-end spend management, vendor-managed inventory, integrated supply solutions, integrated MRO solution and business process management services,” a recent press release explains.
"As an integrated supply chain provider with vendor managed inventory (like the ONE-vendor model for C-class customers in direct and indirect spend), we deliver spend optimization, on-time delivery in full, and stock optimization," Rahul Devarakonda, COO at GIS, said. "Corbus is a successful provider of tail-spend management and transaction fulfillment, which is part of the end-to-end ISP offering.”
Over the course of 10 years, the company has worked to develop an end-to-end sourcing model that will facilitate the expansion process and promote efficiency.
"Our partnership with GIS will allow us to expand and leverage GIS' wide supply base, integrated supply solution and VMI capabilities," Unni Vasudev, vice president of Corbus, said. "It also increases our global reach to deliver and replicate this model to over 26 countries globally. We are excited about this partnership and look forward to working with each other and adding value to our clients."