GE announces launch of one-stop-shop for industrial services

GE has announced the launch of SourceNow, an innovative digital solution that provides a one-stop-shop for industrial services. The solution creates a unique digital marketplace where buyers can float electronic requests for quotes to pre-qualified suppliers.

Around the world, the list of digitally enabled organizations disrupting traditional business models is growing larger by the day, with one common goal — satisfying real market demands.

SourceNow provides a similar breakthrough by offering an innovative, intuitive, easy-to-use solution that solves the challenge of sourcing highly skilled and specialized industrial services. The solution was developed by a small startup-concept team from GE’s Power Services Middle East and Africa unit based in Dubai, UAE and is particularly useful for small and medium enterprises (SMEs) that often have limited access to, or awareness of, high-quality suppliers.

Michelle Wu, CIO and VP of Digital Technology for Power Services MEA, said: “SourceNow will change the way industrial services suppliers and customers do business. A large number of verified vendors and customer review ratings help to offer competitive prices and bring speed and efficient options to buyers. We have seen consumer goods industries use digital solutions to provide various scales of products, ranging from e-books to food service delivery. However, SourceNow provides services on a larger scale with simplicity and easy access to complex and sophisticated services in sectors such as power generation and oil and gas.”

With over 430 registered industrial services suppliers, SourceNow currently offers more than 20 different categories of industrial services in the UAE, Saudi Arabia, Kuwait and Egypt. These categories include welding and fabrication, machining, EPCs, shop repairs, equipment rentals, manpower and much more.

“Looking at the broader picture, SourceNow builds on our commitment to help industrial services suppliers and SMEs grow faster. By connecting them and giving them easy access to each other, the digital solution can support their business objectives and speed up their decision-making processes,” Wu adds.

The launch of SourceNow in Saudi Arabia builds on GE’s efforts to contribute to the development of the local SME sector and drive economic diversification in the Kingdom, in line with the Saudi Vision 2030.