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Supplier information challenges in the automotive industry

ivalua

Recently, I had the pleasure of hanging out with 16 different Tier 1 automotive manufacturers in the same evening. Quite a few of our customers are located in the Detroit area where we recently hosted a networking event featuring Nexteer Automotive. Manufacturers need better supplier information. So what is one to do?

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Supplier Information Challenges in the Automotive Industry

ivalua

Recently, I had the pleasure of hanging out with 16 different Tier 1 automotive manufacturers in the same evening. Quite a few of our customers are located in the Detroit area where we recently hosted a networking event featuring Nexteer Automotive. Manufacturers need better supplier information. So what is one to do?

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5 Steps Towards Modernizing Supplier Management

ivalua

When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. Organizations are increasingly dependent on suppliers to successfully bring innovative goods and services to market on time, improve ESG performance, and meet other objectives. Gain control of your supplier data.

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New Goals for Procurement – Driving Revenue Growth Through Supplier Collaboration

ivalua

Even in terms of the “improved sales / marketing” route, there are possibilities – maybe procurement can work with the marketing team to find innovative suppliers in areas such as digital marketing? When it comes to improving existing products (or services), suppliers are often better placed than the business itself to identify opportunities.

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Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study

ivalua

Ivalua Spend Management Insights [ivory-search] Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study May 9, 2023 | | Innovation by Alex Saric In today’s age of uncertainty, procurement departments are under tremendous pressure. 78% engage suppliers more collaboratively than they did 3 years ago.

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The Impact of US Tariffs on UK Supply Chains: What You Need to Know

Oxford College of Procurement and Supply

For procurement professionals, this development presents new challenges in cost management, supplier relationships, and regulatory compliance. For example, UK manufacturers importing components from the US for use in automotive or technology products may see their profit margins squeezed.