Mike King, Special Correspondent | May 08, 2012 11:47AM EDT
Siemens and DB Schenker have signed a framework agreement, which covers the global contract logistics relationship between the two German companies.
The move is part of Siemens’ effort to reorganize its worldwide warehousing network to focus on dealing with limited number of preferred suppliers within the parameters of pre-agreed contractual terms.
DB Schenker is the first logistics provider to sign a master frame agreement with the engineering giant.
The agreement covers a set of terms and conditions that will apply across Siemens’ worldwide business units.
“This contractual basis should enable faster and easier commercial negotiations and discussions of conditions as Siemens endeavor to optimise their global network,” said a DB Schenker statement.
Contact Mike King at michael@borderline.eu.com.