The Bosch Group has recognized its top suppliers with the Bosch Global Supplier Award 2015. This is the 14th time that Bosch has given out global supplier awards.
16 Jul 2015 | 3217 Views | By Autocar Pro News Desk
The Bosch Group has recognized its top suppliers with the Bosch Global Supplier Award 2015. This is the 14th time that Bosch has given out global supplier awards. This year, the supplier of technology and services honored 58 suppliers from 11 countries for outstanding performance in the manufacture and supply ...
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The Bosch Group has recognized its top suppliers with the Bosch Global Supplier Award 2015. This is the 14th time that Bosch has given out global supplier awards. This year, the supplier of technology and services honored 58 suppliers from 11 countries for outstanding performance in the manufacture and supply of products or services – notably in the areas of quality, costs, logistics, and innovations.
“The Bosch Global Supplier Award honours our top suppliers, who play such a key role in Bosch’s success,” said Dr Volkmar Denner, chairman of the Bosch board of management, at the award ceremony in Stuttgart. “Our suppliers are important partners in helping us shape the connected world. We want to work with them to develop beneficial solutions for our customers.” The theme of this year’s award ceremony was ‘Power of partnership – connected intelligence’.
Many repeat winners
Bosch works with some 35,000 suppliers worldwide, and this year the company has chosen to honor the top 58 with the award. Three suppliers are winners for at least the 11th time, while seven companies have now won the award for at least the fifth time. Almost half the companies honored are headquartered outside Germany, and one-quarter of those are located in Asia. However, none of them hail from India.
Web-enabled products and internet-based services form one of the cornerstones of Bosch’s future sales growth. “Our goal is to achieve supply-chain excellence,” said Dr Denner. “Trust, transparency, agility, quality, delivery capability, and competitive prices are at the core of our collaboration with our suppliers.”
Bosch now wants to involve its suppliers even earlier in the product creation process, and to work with them to develop solutions for the connected world. In 2014, the Bosch Group’s purchasing volume came to some 25 billion euros (Rs 191,100 crore). Europe still accounts for the lion’s share, at roughly 60 percent of the global purchasing volume. Outside Europe, procurement is centered on China, the U.S., and Japan. Procurement mainly involves production materials such as turned parts, electronic components, and pressed, drawn, bent, or plastic parts. It also includes commodities, operating equipment, services, and capital goods.