Sumit Dutta’s Post

Elevate your automotive partnerships and unlock unparalleled success with innovative deal benchmarking solutions! 🚀 In today's fiercely competitive automotive landscape, strategic alliances are not just beneficial—they are essential for sustainable growth. By harnessing the power of SpendEdge's deal benchmarking, an emerging automotive manufacturer has transformed its supplier relationships and significantly boosted operational efficiency. Key Metrics in Deal Benchmarking: Strategic Alignment: Ensure shared goals among partners. 🎯 Cost Analysis: Navigate pricing dynamics effectively. 💰 Targets and Goals: Set clear expectations for success. 📈 Delivery and Quality: Maintain high standards. 🏆 Communication: Foster effective dialogue. 💬 Interested in enhancing your procurement strategies? Collaborate to innovate—because together, we can drive the future of the automotive industry! 🚗For a detailed case study on how SpendEdge helped an automotive manufacturer optimize its supply chain through deal benchmarking, Read the full case study here 📖: https://lnkd.in/gDKZNz8F #Automotive #Partnerships #DealBenchmarking #Procurement #SupplyChain #Innovation #SpendEdge #OperationalEfficiency

🔊 What if you had to source 36 million parts daily, coordinating across a multi-tiered supplier network, with change orders arriving up to a week before production? That’s the kind of challenge Automotive supply chain leaders like #BMW face every day. #automotiveindustry #directprocurement #automotivesupplychain

Hyster-Yale Materials Handling has announced its plans to fulfill the domestic manufacturing requirements of the Build America, Buy America (BABA) Act for key portions of its product lineup. “Our leadership is fully invested in meeting the needs of businesses that require BABA-compliant material handling solutions,” says Tony Salgado, chief operating officer, Hyster-Yale. https://lnkd.in/ePd7AV3G

The automotive industry is experiencing rapid shifts in how negotiations between suppliers and customers are conducted. As these relationships grow more complex, the need for better negotiation skills is becoming essential. Successful negotiations now require a deeper understanding of the full value suppliers bring, from sustainability initiatives to technological advancements. It’s time to rethink negotiation strategies and equip teams with the right skills to build stronger, more collaborative relationships. Together with a highly motivated group at the Continental facility in Lindau we conducted a pilot to put such an initiative into practice. #AutomotiveIndustry #Continental #Negotiations #SupplierRelations #Innovation #Purchasing

In contract manufacturing, strong supplier relationships are the foundation for delivering quality products, managing costs, and fostering innovation. These relationships go beyond transactions; they create a partnership that benefits both manufacturers and suppliers, ensuring sustained growth and competitive advantages. Learn how to build relationships for long-term success in our recent blog : https://lnkd.in/gC7zUKqX

Operational Excellence (#OPEX) is one of if not THE most important aspects of our business model at thyssenkrupp Supply Chain Services. It interweaves itself into the very fabric of our company and day-to-day activities. Read more of our interview with Sidney (Sid) Jenkins, Director of Operations Excellence on our blog! https://lnkd.in/gQg7Z223

At DKB Industries, we're collaborating with our partners to revitalize and reshore American manufacturing. We achieve this by leveraging the fourth pillar of our "Winning with Excellence System," which centers on maximizing profits. Click on the blog link in the comments section to discover more about the fourth pillar, Profits. Watch the video to learn more about our work. Partner with us to enhance safety, improve quality, reduce costs, and boost profits.

Across industrial manufacturing, more and more companies are moving toward service contracts as a top strategic focus. In fact, nearly half of all service leaders in this sector now rank service contracts as a major priority for the year. Learn more: https://lnkd.in/gTkJibbF

📣 thyssenkrupp Aerospace, one of the world's leading supply chain management and third-party logistics service providers for the commercial Aerospace industry, and Novelis, a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, have renewed their strategic partnership through a multi-year agreement. Under the agreement, Novelis will supply specialized, aerospace-grade aluminum from its facilities in Koblenz, Germany, and Zhenjiang, China, to several thyssenkrupp Aerospace key markets in Europe and Asia. 📰 Read the full article: https://lnkd.in/eQWjkFNi #aerospace #aluminum #supplychain

Did you know that EQI has five global headquarters and four localized facilities that serve key customers and suppliers worldwide? It’s all part of our strategy to support OEMs in global industrial markets and provide localized services that improve efficiencies and reduce costs. Want to learn more about our locations and comprehensive portfolio of capabilities and services, including everything from engineering to supply chain management, warehousing, assembly, machining, and more? Check out this five-minute read. https://lnkd.in/e6Hb322F