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The 5 biggest problems in automotive procurement (and how to solve them)
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Setting up systems to monitor supply risk management and supply chain visibility can preempt future performance issues that your organization may encounter. Predictive financial performance monitoring tools are often of value to companies monitoring the activities of their suppliers – indeed, recently one large global manufacturer was able to prepare for the impending bankruptcy of a major supplier due to their predictive analysis, indicating that the supplier was developing cash flow issues. Related: Supply risk...
There are many challenges for achieving supplier rationalization and standardization. A typical tactic deployed by procurement organizations is trying to reduce the variety of similar items that the organization purchases. The reasons for this rationalization go beyond cost savings and can include: Supplier diversity initiatives Supply mitigation and management Going green Ultimately, standardizing is not as easy as it may first appear. Take, for example, an organization with multiple manufacturing plants, each of which buys tens of...
MADISON HEIGHTS, MI, October 23, 2017 – Xeeva, Inc., a global provider of intelligent procurement solutions, announced today that they have been named by CIO Applications as one of the “Top 25 Procurement Solution Providers” for 2017. CIO Applications' goal is to provide a comprehensive list of technology trends in order to assist businesses in adopting the best solutions for their needs. For this award, they selected the top 25 procurement solution providers that are creating...