Automotive and Ancillaries
There are diverse winds of change blowing on auto OEMs and ancillaries: automation, regulation, cleaner fuels, and more. What an auto business needs to tap into these changes is a fail-safe supply line.
Contact UsChallenges faced by the procurement team
Shortage Concerns
Serious Parts-Shortage Concerns
An average car has about 30,000 parts, and component shortages could lead to production stoppages. There is a way out.
- Put all your supplier concerns to rest by working with our experts to precisely identify the right supply markets for efficient input procurement
- Get that clear line of sight you always wanted to your supplier base and track supply chain data and activities as they happen
- Continuously vet the performance of your suppliers against industry peers for key parameters like quality, delivery, and service to identify areas of improvement
Reduce Excess Inventory
Dire Need To Reduce Excess Inventory
By carrying surplus items, businesses will only be burning hard-earned cash on storage and handling. Help is here.
- We can assist you in bringing more organization into your order processing and reduce any dead stock that can cost you money for no reason
- Save on direct and indirect spends associated with inventory holding, leveraging dedicated inventory monitoring tools capable of figuring out excess stock
- For the mid-to-longer term, roll out a more efficient inventory management practice to tackle the downsides of overstocking as well as the other extreme – stockouts
Supplier Price Rises
Supplier Price Rises – a Growing Concern
The industry is increasingly hit by supplier price rises, and getting vendors to settle for fair prices is hard. Here’s what we do.
- Our experienced sourcing specialists provide micro, small, and large businesses the supply market insights they need to negotiate winning deals and justify their terms
- Our supplier cost reporting can serve as your bargaining chip at the negotiation table with vendors, and these are highly accurate, timely, and all custom
- Post-contract, continuously scan your supplier landscape to make sure you are indeed getting what you have negotiated for in the first place
Industries
Automotive Manufacturing
Automakers are at the crossroads of opportunities (e.g., EV), but they need more resilient supply lines to drive opportunistic growth.
Automotive Components
These represent the automotive industry’s lifeline, and, with ever-rising commodity prices, component manufacturers must move toward more fact-based supplier negotiations.
Tire
Rising energy prices exert inflationary pressures on the sector. Cost modeling and negotiation skills can help soften the inflationary blow.
Talk to one of Our Experts
Finding a supplier is just half the battle. The more critical half is about forging deals that bring triple rewards: quality, value, sustainability.
Talk to Our ExpertsFeatured Case Study
How SpendEdge Helped CPG Giant Streamline Contract Manufacturer Selection Process
Challenge: Faced with intense competition and the need to improve profit margins, our client turned to SpendEdge for assistance in overcoming their business challenges. One of the main strategies involved migrating cost-intensive operations to low-cost destinations.
Solution: Our team at SpendEdge assisted the client in streamlining their contract manufacturer selection process. Leveraging our expertise and market research methodology, we identified key contract manufacturers for the client’s ready-to-eat product line.
Result: The client successfully addressed their business challenges and achieved improved profit margins and reduced operating costs. All the while, also enhancing product quality and expanding manufacturing capabilities.
Dig Deeper with SE Insights Procurement Reports
Resource of the Industry
Make Informed Procurement Decisions Through SE Insights
Supplier failures could become a double whammy for any business. There is revenue loss, plus reputational risk! Identifying contractors based on strong data points is key to mitigating partner risks. Get our market reports and be the first to know about supply risks.
Explore more