Creating more value in manufacturing components

Situation

  • Global drive manufacturer uses significant amounts of third-party components in its manufacturing
  • As a result, constant improvements in its cost structure are key to delivering financial results
  • Diode and transistor agreements were coming up for re-sourcing

 


Solution

  • Customer used the eAuction platform from Scanmarket in order to conduct final negotiations with potential suppliers
  • Advanced Cherry Picking auction format used to enable awards to multiple bidders
  • Bidders provided with transparency to a process that once was closed

 


Result

  • 20% savings on key components vs. current pricing
  • Significant time savings and efficiencies
  • Full process and event documentation in single repository