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Ivalua platform selected to improve efficiency, transparency, and the employee purchasing experience. We are delighted to have been selected for the digitization of one of the world’s leading automotive players’ procurement processes. Redwood City, CA, December 15, 2022. About Ivalua.
As I looked, I realized the features I love most technology and performance capabilities are not easily found together in the automotive industry. The IT team alone cannot be expected to protect what they cant see, so encouraging a transparent culture is paramount. A few years back, I was in the market for a new car.
Hutchinson is a global leader in the design, manufacture, and sale of smart mobility solutions for a variety of markets including automotive, aerospace, defense, rail and industries. Headquartered in Paris, France, Hutchinson employs around 40,000 people across 100 sites in 25 countries. In 2022, it generated a revenue of €4.400 billion.
While I was at the Ivalua NOW event in Paris, I interviewed Cyrille Naux, Purchasing and Supply Chain Vice-President at Chassis Brakes International, a multinational manufacturer of automotive brakes and brake components.
But interestingly, firms are deluding themselves – 65% of those surveyed self-assessed themselves as “advanced purchasing organisations” while the objective analysis suggests that the true figure was more like 16%! Around 80% of the firm’s cost base is purchasing costs, so they really have to get this right!
For example, consider the challenges in the automotive industry that stem from the supply chain issue in chip manufacturing. Achieving these goals requires maintaining complete visibility across your suppliers (into tier 2 and 3), and setting up processes for effective and efficient collaboration and transparency across the supply chain.
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