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The Forrester Wave™: Supplier Value Management Platforms, Q3 2024 Zum Bericht
PHINIA
A Seamless Spinoff Success Story: Phinia’s Direct Materials Journey from Source to Launch
About
PHINIA brings over 100 years of manufacturing expertise within the automotive value chain, with a strong brand portfolio that includes Delphi, Delco Remy® and Hartridge. PHINIA works across commercial vehicle and industrial applications and light vehicles passenger cars, trucks, vans and SUVs to develop fuel systems and aftermarket parts.
Headquarters:
Auburn Hills, Michigan, United States
Employees:
12,900 employees across 44 locations in 20 countries
Challenges
- Complete spinoff into independent company effectively
- Maintain critical direct material Source-to-Launch process
- Six month deadline to clone procurement technology used by parent (Borgwarner) for newly formed spinoff
Benefits
- Achieved a seamless transition of Source-to-Launch processes
- Digitizing direct materials sourcing processes, sourcing pipeline visibility and data flow
- Seamless product launch processes with Advanced Product Quality Process (APQP)
- Strong supplier management and 360 degree visibility
The Value of a Complete, Unified Source-to-Pay Platform
Greater adoption and automation
360 degree spend and supplier visibility
