Opportunities
Digital Transformation and Innovation: Digital technologies enhance supply chain visibility, improve forecasting, and support the development of cutting-edge automotive technologies. Strategic Partnerships and Collaboration: In times of supply chain fragility, building strong relationships with suppliers and technology partners drive innovation, improve supply chain resilience, and align with organizational goals. Regionalization and Diversification: Expanding sourcing and manufacturing operations in APAC can reduce dependency on single regions, enhance cost competitiveness, and improve supply chain agility.
0.72 Days
Average Invoice Approval Cycle time
Best in Class Metrics*
Sourcing Savings Rate
Sourcing Cycle Time
13.3%
14 Days
*SAP Customer Benchmarking program
Top Challenges of Supply Chain and Procurement*
of automotive executives have poor visibility into inventory levels managed by direct spend suppliers
57% 40%
of supply chain executives rely too heavily on one supplier for one or more products, thereby increasing risk #
of automotive executives can quickly find alternative sources of supply
36%
23% 46% 26%
of executives can get a real-time view of total spend
of executives use data to inform decisions
of automotive executives say that most or all their procurement processes are manual
# McKinsey Global Supply Chain Leader Survey 2024
*Agile Procurement Insights
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