The Society of British Aerospace Companies' (SBAC) has announced that three hundred firms have signed up to its Supply Chains in the Twenty First Century (SC21) initiative since its inauguration eighteen months ago.
The programme, launched at the Farnborough Air Show in 2006 with 19 participating companies, will remove duplication, minimise waste and increase coordination. It is designed to help deliver increased competitiveness in the aerospace and defence industry by lowering the costs of doing business.
The national implementation plan, launched in July 2007, is expected to maintain the momentum of the positive initial results, and it is hoped the steady stream of new signatories will continue.
Ian Godden, SBAC chief executive, said: “SC21 is a landmark change in the aerospace and defence industry that will allow participating firms to improve their supply chain performance and cut down on the number and bureaucracy of supply chain audits. I would encourage businesses that are involved in the aerospace supply chain to engage fully in SC21 to bring major benefits to their business. I am confident that there are significant cost savings and business benefits available. SC21 will contribute greatly to ensuring that the UK aerospace industry maintains its position as a world leader.”