Keelvar Metal Miner
The automotive industry is famous for its relentless focus on cost. A rapidly evolving competitive landscape means that automotive suppliers need to be more nimble and innovative. An automotive supplier approached MetalMiner for assistance with its annual contract negotiations for carbon steel and stainless steel. In a rising cost market, this manufacturer sought a more efficient means to evaluate and award contracts to minimize price risk, reduce supplier risk, and place more spend under management to solidify margins (ultimately improving EBIDA). The supplier’s top goal was to ensure a cost-competitive supply base without a loss in quality or delivery. It also sought to rationalize its supply base and reduce supply risk for select sub-categories.