2024
Automotive Industry Procurement and Supply Chain Management
Navigating the automotive industry is challenging with intense competition and a need to constantly innovate. Companies must juggle macro-economic forces, fleet electrification, changing regulations, and purchasing demands while keeping costs low.
Streamlining Production Demands without Compromising Quality
With so much at stake, leveraging critical data is essential for success – that’s why Ivalua’s Source-to-Pay platform provides insights & spend analytics to manage supplier risk, improve performance, and make informed decisions that boost margins, promote innovation, and ensure supply chain continuity. At Ivalua, we guide our customers to their goals while adhering to the highest data security standards as TISAX® Level 2 Certified experts.
Proven, Reliable Partner for Automotive Companies Transforming their Procurement Processes
Manage Supplier Quality, Risk & Performance
- A complete Supplier 360° profile view for registration, qualifications, credentials, and information management
- Supplier Performance Management & supply chain risk evaluation with templates, scorecarding and issues management
- Extensive access to risk, CSR, blacklist, and other types of 3rd party supplier information
- Collaboratively manage product quality with Corrective Actions, 8D, PPAP and APQP
Supply Chain Agility & Resilience
- Mitigate potential supply chain disruptions
- Reduce procurement cycle time and manual processes with purchase order automation & collaboration
- Improve supply chain collaboration and transparency between procurement and suppliers on direct materials
- Manage asset and tooling budgets and product lifecycles with direct and indirect suppliers
Improve Category, Sourcing Project, & Program Performance
- One procurement platform to manage ALL spend: Direct Spend, CapEx, Indirect Spend , MRO stock, and Services
- Leverage category management for 360° visibility & strategic planning
- Define, manage, and collaborate on simple to complex sourcing projects & programs
- Seamlessly capture terms, service level agreements, and pricing with contract management
Exceed Direct Sourcing Objectives
- Use the product BOM as your sourcing dashboard with BOM Lifecycle Manager
- Supplier selection analysis with target price & cost modeling
- Faster Time-to-Market for new products with collaborative product input
- Engage ALL stakeholders (suppliers, engineering, quality, etc.) throughout the product lifecycle
Optimizing Direct Material Sourcing to Create Long-Term Value: A Q&A with BorgWarner’s Brad Hogerheide
THE ANALYSTS AGREE – IVALUA IS A LEADER
Related Resources
Auto Customer Story
Fortune 500 Auto Manufacturer Unlocks Millions in Supply Chain Savings
Volkswagen Press Release
Volkswagen Group Selects Ivalua to Improve Efficiency, Transparency, and the Employee Purchasing Experience
Grupo Antolin Story
Comprehensive Direct Materials Procurement Transformation to Streamline & Automate Processes