Virtual Forum – Procurement in the Automotive Industry – Trends and Challenges

The automotive industry has perhaps one of the most complex supply chains in the world given the number of parts and the importance of quality and cost-competitiveness, in both the manufacturing and after-market cycle. Downward pressures on automotive companies to keep costs low during this time of rising commodity prices and inflation have resulted in unique procurement strategies being adopted by manufacturers and multiple tiers of suppliers.

During this 45-minute virtual forum on Wednesday, August 24 at 10 AM (PDT), our procurement experts will share insights into these strategies.

Key Takeaways

  • Real-time visibility into key commodity index changes, their effect on the total cost of manufacturing and the resulting effect on customer profit margins
  • Alternate supply sources, particularly domestic or near-shoring, to reduce reliance on foreign sources, given supply chain disruptions and increased fuel and logistics costs
  • Changes in planning and ordering methods to plan for supply uncertainties and take advantage of commodity hedging

Speakers

DEREK TALLENT
Senior Manager Supply Chain
Textron
RAMESH DORAIRAJ
Director, Strategic Sourcing & Procurement
Bristlecone
SABRINA MARTIN
Procurement Operations Director, Platform Solutions
Bristlecone
SUNIL PANDIT
Solutions Director
Bristlecone

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