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Automotive



Procurement Software for Automotive Industry



Demanding environmental and safety regulations and shifting trends in growth from established to emerging markets are redefining the global automotive industry.

Automotive sourcing, procurement and supply management teams are challenged to:

  • Develop new high-performance supplier networks to service expanding ranges of products and services across broader, more culturally diverse geographies.
  • Extract greater value, innovation and sharing of investment, product development and other risks from global suppliers.
  • Find innovative ways to sustain profitability against a tide of nondiscretionary upward cost pressures and low market pricing power for producers.
  • Position their enterprises to capture not only sales growth but also aftermarket opportunities in emerging markets.


Speed, agility, connection, integration and truly global intelligence will be the hallmarks of tomorrow’s successful automotive sourcing, procurement and supply management teams.


Automotive Industry Challenges
Automotive procurement teams will play central roles in shaping vehicle producers’ ongoing profitability as they:

 

  • Navigate complex webs of emerging-market opportunities and local-market supplier discovery, development and performance management requirements.
  • Continue to innovate in terms of fuel economy, safety and driver/passenger experiences.
  • Face greater competition from market entrants and/or blurring of distinctions among existing producers, vehicle types and classes.
  • Cope with unprecedented vehicle cost/price and performance transparency as consumers share information digitally.
  • Balance consumer demands for design and feature customization (derivatives) against supply complexity and cost risks.
  • Cope with expanding pollution, fuel economy and other demands across multiple regions, regulatory and government systems.

 







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Other Industries of competence:
  Chemicals & Pharmaceuticals  
  Electrical, Electronics & Home Appliances  
  Food & Beverage  
  Retail  






































 

Markit Global Sector PMI   -  IHS Markit
   (Last update: 8 Jun 2017)

Technology remains top of global sector PMI rankings in May