Automotive

The automotive sector is undergoing incredible change, and fast. OEMs must to deal with disruptive innovations such as electronic, autonomous and connected vehicles. Together with their suppliers, they must also ensure agility in the supply chains while keeping an eye on costs, risk, and regulation. Differentiation of products and services is key to building or just maintaining market share and increasingly these will be defined by software (i.e., digital) innovation versus traditional means.

As the makeup of the supply base evolves and agility and speed to market become bigger priorities, Procurement is well-positioned to make a significant impact, should they be up to the task. Achieving these objectives is not easy given the reactive, opaque and regionally aligned procurement and supply organizations prevalent in the Automotive sector.

Ivalua for Automotive Companies

Ivalua has empowered leading automotive Procurement organizations to make a positive impact on all spend categories – direct, indirect and services. Our highly configurable and flexible source-to-pay cloud platform has enabled Procurement and its suppliers to become competitive differentiators.

Manage all spend types
- Everything in one platform: Direct, Indirect and Services spend
- Define, track and collaborate on simple to complex sourcing projects
- Supplier qualification, credentials and overall information management
- Seamlessly capture terms, SLAs and pricing with contract lifecycle management
- Leverage category management for 360-degree visibility and strategic planning
Integrate bill of materials to sourcing and procurement
- Get visibility into n-level Bill of Materials hierarchy and item repository
- Manage target and actual costs for all components of a product
- Achieve faster time to market for new products
- Engage all stakeholders (suppliers, engineering, sourcing) throughout the product lifecycle
- Supplier selection analysis and cost modelling
Digitize supply chain collaboration
- Share MRP forecasts with suppliers and secure your supply chain needs
- Preempt potential supply chain disruptions and plan accordingly
- Reduce cycle time and manual processes with PO Automation & Collaboration
- Improve collaboration and transparency between procurement and suppliers on direct materials
- Manage Asset and Tooling budgets and lifecycles collaboratively with suppliers
Improve Performance & Lower Risk
- Quality support including: Corrective Actions, 8D, PPAP, APQP, etc.
- Issue management and supplier corrective action plans
- Performance / risk evaluation templates & scoring
- Extensive access to risk, CSR, blacklist and other types of 3rd party supplier information
- Supplier and item master management