Automotive manufacturers – both OEMs and Tier 1 through N suppliers – are consistently charged with reducing costs, introducing innovation, achieving compliance, enhancing supplier performance and employee retention. Achieving these objectives are hard given the reactive, opaque and regionally aligned procurement and supply organizations prevalent in the Automotive sector.
The core solution to this challenge is to digitize the end to end source-to-pay process with a focus on improving speed, efficiency, control, and visibility. Digital transformation of Procurement enables Automotive procurement leaders to focus on business value, customer service and Accountability.
With Source-to-Pay Digitization, procurement and finance leaders in Automotive companies can leverage global spend, standardize KPIs and processes, effectively collaborate with suppliers and consistently develop their staff.
Managed in direct and indirect spend by a leading automotive and aerospace company
In annual savings by a leading global tire manufacturer
Replaced by 1 platform across 330 sites and 34 countries by a leading provider of automotive engineering solutions
and 330 Strategic suppliers proactively managed by a major automotive manufacturer