The pandemic has ranged from disruptive to devastating for manufacturing supply chains, but the automotive industry was hit particularly hard. The inherent complexity and global nature of automotive supply chains combined with a major shift in consumer demand has exposed vulnerabilities for manufacturers and suppliers alike, including:
- Manual Sourcing Processes for Direct Materials
- Siloed Data
- Limited Collaboration with Suppliers and Stakeholders
- Poor Visibility into Risk
This whitepaper explores how Source-to-Pay technology helps automotive manufacturers to not only survive in these challenging times, but to create a more efficient and competitive supply chain model that will help them to thrive in the “next normal”.