Automotive & Tire

SpendEdge insights put you in the driver’s seat. Achieve innovation and a competitive edge through intelligent supplier sourcing and improved cost savings.

Talk to an Industry Expert

Automotive and Tire Industry Overview

Digitization, increasing automation, and new business models have revolutionized many industries, and the automotive sector is hardly an exception. However, this industry is facing major challenges in terms of vehicle customization, which increases the cost of integrating new technologies to meet the requirements of end-users. Moreover, regulatory bodies are raising standards on safety, fuel efficiency, and emissions, which also requires manufacturers to adopt technological advancements. Providing an in-depth analysis of , the supplier landscape and forecasting price changes in the short and long term, SpendEdge’s procurement market intelligence solutions help category managers make informed procurement decisions and achieve improved cost savings.

Sectors Covered

Automotive Manufacturing

Technological advancements such as connected cars, better fuel efficiency, and improved powertrains, along with changing consumer expectations, are putting automotive manufacturers and suppliers under constant pressure to innovate their offerings within a limited timespan. However, identifying appropriate supply markets to procure the right products and services from at the right price levels is a key challenge for procurement managers. Aimed at helping clients make improved sourcing and procurement decisions, SpendEdge’s procurement market intelligence solutions offer customized sourcing solutions to identify efficient suppliers across world regions.

Automotive Components

To achieve improved cost savings, automotive component manufacturers need to procure the right automotive parts at the right cost while ensuring their compliance with industry and government standards. Taking into account the complexities associated with procuring raw materials, our procurement specialists make a detailed analysis of the client’s requirements and offer procurement market intelligence solutions that will help sourcing professionals identify latent saving opportunities and effectively manage sourcing and procurement challenges across multiple business units.

Tire

In addition to the intensifying competition, the volatile prices of raw materials and the adoption of sustainable green practices pose major challenges to procurement managers in the tire industry when it comes to achieving improved cost savings. Employing experienced sourcing specialists with expertise across various categories, SpendEdge’s procurement market intelligence solutions help businesses identify their cost elements, forecast changes in raw material prices in the short- and long-term, and identify suppliers for faster sourcing.

Direct and Indirect Spend Categories

Direct Materials and Equipment

  • Metals and alloys
  • Castings
  • Forgings
  • Fabricated structures
  • Sheet metal
  • Cooling system
  • Machined parts
  • Reactors and pressure vessels
  • Heat exchangers, boilers, and cooling towers
  • HVAC systems
  • Hydraulic and mechanical pitch systems
  • Electronic and electrical equipment

Direct Materials and
Equipment

  • Mechanical equipment and components
  • Turbines, pumps, and compressors
  • Motors and drives
  • Electronic components
  • Electrical components
  • Material handling equipment
  • Capital machinery and equipment
  • Process automation and control equipment
  • Construction and building materials
  • Heat exchangers, boilers, and cooling towers
  • Waste management
  • Packaging materials

Indirect Spend

  • Facility management services
  • Facility equipment and supplies
  • Corporate services
  • Professional services
  • Marketing
  • Travel and entertainment
  • Telecom and networking
  • IT services
  • Office supplies and equipment
  • Computers and peripherals
  • Logistics and transportation
  • Utilities

Trusted by Industry Experts

SpendEdge has been thinking along with us from the start, enhancing the way we structured the process and the expectations.

Leading Luxury Cars Manufacturer

I am really satisfied with their level of understanding of what our needs are and how the results are sharply focused on such without wasting time on peripheral subjects.

Fortune 500 Retail Firm

Case Study: Identifying the Best Cost Sourcing Location for an Automobile Manufacturer

Latest Industry Insights

Helping a Premium Automobile Company Balance Between Tier-1 and Tier-2 Suppliers

Why is the Electric Vehicle Market the Biggest Investing Sector for the Next Decade?

Electronics and Auto Industries Driving Demand for Low Voltage Capacitors

More Press

Getting Down To Business

SpendEdge insights put you in the driver’s seat. Achieve innovation and a competitive edge through intelligent supplier sourcing and improved cost savings.

Let's Talk

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

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

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