The automotive industry has been evolving at a rapid pace and has been one of the key drivers of the global economy. However, due to increasing competition and rising costs, companies are continuously constrained to cut on the procurement costs of direct materials. Most of the Original Equipment Manufacturers (OEM) spend up to 70% of their total costs on the direct material. Even at the automotive industries and industrial equipment manufacturers, at least half of the total costs is spent on direct materials. Yet, only a few companies understand the original cost of the products they buy while having a well documented and structured methodology to keep the procurement in check.
GainEdge provides the companies in these industries an extra edge by offering strategical approaches to Automotive Procurement. Our team thoroughly analyses the requirement for any product or component and does a cost bench-marking to make fact-based negotiations with suppliers. Thus, we derive the cost advantage and provide better value for money.
Our teams have a profound and thorough experience in controlling the extended Supply Chain and taking immediate corrective actions, whenever and wherever needed. At GainEdge, we have functional exposure in implementing Sourcing, Contract Management, Procurement, Spend Analytics, Supply Planning, Demand Fulfillment, Transportation Planning, Supply Chain Visibility, Inventory Planning, Distribution Planning, etc. for the automotive industry.