|
|
|
| |
|
The global automotive industry is a highly diversified sector that comprises of manufacturers,
suppliers, dealers, retailers, original equipment manufacturers or OEMs, aftermarket parts
manufacturers, automotive engineers, motor mechanics, auto electricians, spray painters or
body repairers, fuel producers, environmental and transport safety groups, and trade unions. |
| |
|
It is an understatement that the global automotive industry is undergoing unprecedented turmoil that
has found its most recent expression in a tightened credit market and declining consumer confidence
which combine to stifle demand for new vehicles. In addition, the familiar industry challenges
such as volatile raw materials costs and fuel prices, tighter regulations, increased governmental
oversight, and the need to satisfy consumer demand for cleaner, greener cars, have combined to
create a business environment such as the industry has not experienced until now. |
| |
|
These dynamics drive a two-pronged procurement strategy. On the one hand, there is a very
sharp focus among automotive companies on lowering their operating costs in order to preserve their
profitability; many firms in the automotive industry have identified procurement as an area
in which they can make improvements to their bottom line by reducing the costs of a transaction.
On the other hand, there is a strong appreciation that the quality of procurement
is an essential element of sustainable success. |
| |
| How Employee Workforce
Automation Can Help |
| |
|
Paramount’s WorkPlace Suite
helps automotive companies improve cost control and sourcing quality: |
-
Ability to track requisitions against budgets, receive warnings if over budget and route for
approval based on a requisition line item exceeding the budget
-
Easy-to-use yet powerful
requisitioning capability that can reduce requisition-to-order
costs and cycle time and control maverick spending
-
Ability to streamline the
acquisition of all types of goods and services, both the direct
procurement of raw materials and production goods, and the
indirect procurement of maintenance, repair and operating (MRO)
supplies as well as capital goods and services
-
Powerful, easy RFQ capability
whereby requisitions can be sent to multiple vendors with an
email notification, vendors can complete quotes online, and all
quotes can be reviewed and awarded based on defined criteria
-
Powerful Vendor Contract
capability allows your organization to enforce purchasing
contracts established with specific vendors
|
|
|
