oboloo Glossary

Automotive Procurement

oboloo Glossary

Automotive Procurement

Automotive Procurement is the official business process of obtaining automotive parts, materials, and services from external suppliers. It involves the identification of needs, selection of suppliers, negotiation of prices and terms, and the monitoring of supplier performance. Automotive Procurement is a critical part of the automotive industry, as it helps ensure that vehicles are manufactured with the highest quality components and materials. Automotive Procurement also helps to reduce costs and increase efficiency, as well as ensure that the supply chain is running smoothly. Automotive Procurement is a complex process that requires a deep understanding of the automotive industry, as well as the ability to negotiate with suppliers and manage supplier relationships. Automotive Procurement is a vital part of the automotive industry, and is essential for ensuring that vehicles are manufactured with the highest quality components and materials.