latent vendor selection project
TRANSCRIPT
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Latent Vendor Selection Project
Cost Competitiveness Improvement (CCI TFT)
Sivaramakrishnan.S
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TABLE OF CONTENTS
1 Focus of the Project
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FOCUS OF THE PROJECT
SOURCE potential suppliers for localization
Make vendor pool COMPETITIVE
Reduce FOREIGN EXCHANGE impact
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STRATEGY
Vendor Selection
Vendor Selection
Vendor Evaluation
Vendor Evaluation
Cost Analysis
Cost Analysis
Vendor Audit
Vendor Audit
Source ApprovalSource
Approval
CCIVD
SQA
CCIVD
VDCCIVD
SQAVD
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SOURCE IDENTIFICATION
BENCHMARK competitors of existing suppliers
IDENTIFY potential suppliers visiting Auto Expo
STUDY the list of vendors existing in Automotive Component Manufacturing Association
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VENDOR EVALUATION CRITERIA
General
• Industry Experience• Financial Stability• Export & Dom Sales
Turnover• Stable Labor Force• Wide Product Portfolio• Customer List• Quality Certifications• PPM level
Technical
• Any Technical Assistance (TA) ?
• Number & Experience of R&D Engineers
• Investment in R&D• Solution providing
capability• Product & Design
Validation capability
Development
• Capacity Availability• Development Lead Time• Response Time• Testing Capabilities• RM (Local / KD)• Supplier Base• Tool design &
manufacturing capability
NoteNote Meeting Participants : CCI & Vendor Development (VD)Meeting Participants : CCI & Vendor Development (VD)
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Initial SuccessTEAM NO OF VENDORS
Engine 15
Chassis 11
Electrical 3
Body 3
Trim 1
Total 33
Shortlisted 62 vendors and screened 33 vendors for localization. Reviewed 33 vendors within 21 days. Within 40 days, I selected 1 global vendor & arranged “TECH SHOW” to display his solution providing capability.
Outcome of Tech Show
Hyundai R&D keen to work on 19 suggestions made from Hyundai Line Walk.1
8 vendors attended the Tech Show. 2 vendors released quotation request (RFQ) the very next day.
2
Overall, vendors have identified 57 parts for localization.3
32 Hyundai import parts have been identified for localization.4