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Successful procurement depends on strength of relationships

With billions in capital investment at stake, forming a strong supply relationship is founded on trust and close partnership, learns Freddie Holmes

Typically, 60% of the total build cost of a vehicle is made up of purchased parts, with the exact amount depending on the vehicle manufacturer in question. With such significant value provided by third party suppliers, the procurement process needs to be controlled by OEMs in a highly structured manner, and with reliable players….

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