CASE STUDY

Supplier Profiling Assists a Renowned Automotive Electronics Manufacturer Increase their Supply Chain Efficiently by 25%

Feb 23, 2018

Overview of the Automotive Electronics Industry

In the recent years, the automotive electronics space is witnessing a promising growth, owing to the shifting consumer preferences toward vehicles with safety equipment. The rising demand for map-supported front lighting, collision warning, and speed alert is fueling the adoption of automotive electronics components. With the relative advances in technology, renowned manufacturers in the automotive electronics space are focusing on innovations to reduce costs and stay ahead in the competition. Moreover, the increase in consumer spending on entertainment systems including satellite radios, MP3 players, and rear set entertainment systems is anticipated to enhance the growth of the automotive electronics space.

Here are some of the factors influencing the growth of the industry:

  • Strict safety norms: In the recent years, the automotive electronics space is witnessing stringent regulations in terms of the quality of their products offered. With the growing regulations on safety, organizations are compelled to invest heavily in application areas to increase the overall efficiency and reduce the impact and likelihood of accidents.
  • Increase in consumer spending: With the recent economic recovery, the consumers’ spending has increased, and they are shifting their preferences toward vehicles considering the safety aspects in it. In addition, the governments’ initiatives such as rebates on car loans are further compelling consumers to increase their spending on automobiles.

To address such challenges and efficiently profile the prominent suppliers, leading organizations are augmenting the need for a supplier profiling solution.

The Business Challenge and Our Journey

The client, a renowned automotive electronics manufacturer, wanted to identify the prominent suppliers and segment them based on the cost structure and profits. With the help of industry best practices, the automotive electronics manufacturer further wanted to gain better visibility into the supply chain process and improve the efficiency in the supply chain process. Moreover, through an effective supplier profiling solution, the client also wanted to devise an effective supplier management solution to monitor supplier parts issues, identify risk, and evaluate the supplier performance.

To gain better visibility into the automotive electronics manufacturing space, the procurement experts at SpendEdge carried out an extensive research methodology comprising interviews and discussions with prominent stakeholders in the industry. To improve the on-time delivery of the products, the experts also compiled information from reliable sources such as trade shows, paid industry databases, and industry forums in the automotive industry.

The supply management solution offered by SpendEdge helped the automotive electronics manufacturer profile the potential suppliers and identify their strengths and weaknesses. Moreover, the solution also focused on developing better operational facilities and enhancing the functional capabilities. The client was further able to compare the performance of the suppliers with that of the competitors and identify the best negotiation levers.

Fundamental questions answered in this supply management solutions include:

Sp- supplier profiling01


The Results

The supply management solution offered by SpendEdge helped the automotive electronics manufacturer improve their supply chain efficiency and build robust relationships with the suppliers. The engagement also focused on preventing supply chain disruptions while maintaining their revenue and reputation. Moreover, the supplier risk solution also helped the leading automotive electronics manufacturer refine their business models and make timely, contextual, and accurate business decisions.

To know more about our supplier profiling solutions

request free proposal


Related posts:

Recent Case Studies

Industries

Services

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

COVID-19 Resources

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

5 KEY CORONAVIRUS RISK ASSESSMENT STRATEGIES TO OVERCOME HEALTHCARE SUPPLY CHAIN CHALLENGES

IDENTIFYING STRATEGIC PURCHASING PRACTICES FOR A COMPANY IN THE US FOOD SERVICE INDUSTRY | SPENDEDGE’S LATEST SUCCESS STORY

COVID-19

Featured

Overview

Buyers

Diagnostic Test Kit

Additional Resources
Contact

A LOOK INTO THE FUTURE OF THE FOOD AND BEVERAGE INDUSTRY AFTER THE COVID-19 PANDEMIC

Identifying the Top 100 Coronavirus (COVID-19) Test Kit Manufacturers Across Regions

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars