SpendEdge’s sourcing and procurement analytics put you in the driver’s seat. Gain a competitive edge on procurement in automotive industry through our intelligent sourcing and procurement platform.
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 for better procurement in automotive industry. Providing an in-depth analysis of the supplier landscape and forecasting price changes in the short and long term, SpendEdge’s procurement solutions help category managers make informed procurement decisions and achieve improved cost savings.
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 for efficient procurement in automotive industry at the right price levels is a key challenge for category managers. Aimed at helping clients make improved sourcing and procurement decisions, SpendEdge’s sourcing and procurement solutions offer customized services to identify efficient suppliers across different regions in the world.
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.
SpendEdge has been thinking along with us from the start, enhancing the way we structured the process and the expectations.
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.
LONDON: SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest articles on the trends impacting procurement and supply chain management companies and strategies to manage them. Challenges Facing...
LONDON: SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest success stories on the relevance of strategic sourcing and category management for different categories. Achieving Over $80 Million for a...
SpendEdge’s solutions for procurement in automotive industry will put you in the driver’s seat. Achieve innovation and a competitive edge through intelligent supplier sourcing and improved cost savings.
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Transitioning your category procurement strategy beyond cost-saving and into a strategic function of the organization.
Over recent years, there have been various industry developments that served as or caused trends in procurement. These procurement trends include technology changes, novel strategic approaches, new processes, and necessary adaptations to change. As supply chains become increasingly complex, procurement has become highly crucial and influential in the production process and continues to grow.
Technology, procurement, sourcing, and innovation have transformed industry significantly, and companies are struggling to keep pace with the new expectations, standards, and stipulations within the market. As the pharmaceutical industry continues to rapidly grow, companies must leverage sustainable, data-driven, and robust procurement strategies to overcome risks, optimize supplier performance, reduce costs, and increase efficiency. SpendEdge helps businesses develop and leverage unparalleled procurement strategies to gain and maintain a competitive edge, high profitability, increasing efficiency, and reduced costs.
Download our latest whitepaper now to understand more on supply chain trends and best practices to be resilient.
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