Last week, the Greater Cleveland Partnership (GCP) and Ohio Aerospace Institute (OAI) coordinated efforts to bring four GE experts to discuss how businesses can benefit from building relationships with GE, which has a long history in Northeast Ohio.
This includes a world-class lighting R&D division in East Cleveland. The GCP and OAI co-hosted a GE Corporate Supplier Summit where GE Capital
representatives discussed their ability to finance fixed assets, M&A and working capital by delivering customized solutions to businesses.
A program called Access GE
brings hard-earned insights of over 300 subject matter experts, powerful business tools and proven operational best practices from across the GE family of companies to address real-world business needs that extend beyond financing.
Presentations were also made on Additive Manufacturing (AM) and Supply Chain. Seen as a "disruptive technology," GE is encouraging the introduction of AM into its suppliers' design and manufacturing processes due to its ability to ease new product development and enhance the functionality of new products.
, a world-leading provider of jet, turboprop and turboshaft engines, making over 4,000 engines per year, forecasts that by 2020, 70 percent of its products and components will be new compared to 2014. This opens opportunities for Northeast Ohio suppliers since GE's Sourcing Program is constantly seeking to partner and identify new business opportunities and technology solutions to stay ahead of their competition.
Both the GCP and OAI are member-based organizations that serve the Northeast Ohio business community and collaborate on many initiatives. For more information about outcomes from the forum, contact Vince Adamus, GCP’s vice president of real estate and business development, at firstname.lastname@example.org
GE representatives who presented at the forum (left to right): Tony Maricocchi, Executive Supplier Development, GE Aviation; Jeri Kuck, Access GE Capital Americas; Randall Cavitt, Access GE Capital Americas; and Ed Herderick, leader, Additive Technologies, GE Corporate Supply Chain & Operations.