An average car has about 30,000 parts, and component shortages could lead to production stoppages. There is a way out.
By carrying surplus items, businesses will only be burning hard-earned cash on storage and handling. Help is here.
The industry is increasingly hit by supplier price rises, and getting vendors to settle for fair prices is hard. Here’s what we do.
Automakers are at the crossroads of opportunities (e.g., EV), but they need more resilient supply lines to drive opportunistic growth.
These represent the automotive industry’s lifeline, and with ever-rising commodity prices, manufacturers must move toward more fact-based negotiations.
Rising energy prices exert inflationary pressures on the sector. Cost modeling and negotiation skills can help soften the inflationary blow.
Finding a supplier is just half the battle. The more critical half is about forging deals that bring triple rewards: quality, value, sustainability.
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Challenge: In the absence of the right strategic partnerships, a Southern Europe-based auto parts maker was finding it tough to keep pace with rapid shifts in the market toward electrification. Identifying, engaging, and partnering with the right supply-side participants was becoming extremely difficult for the business.
Solution: With timely assistance from our experts, the auto parts manufacturer was able to set forth its expectations about suppliers in bold relief, besides identifying industry standards and ideal benchmarks. Our proven benchmarking process helped the client evaluate and choose the best-fit supplier from a shortlist of qualified firms.
Result: The client has since reached a deal with a robust and supportive supplier to drive sustainable growth and gain insights early on into emerging tech trends.
Read More to see the spendedge blogsGathering data on your supplier’s capability to deliver high-quality products is just not enough. More open communication will ensure suppliers not only deliver with quality but also ahead of schedule.
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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.