3–5% Cost Reduction: Voltaira’s Path to Optimized Procurement Costs
Voltaira, a strategic partner to tier-one automotive suppliers and new mobility OEMs, develops and produces advanced sensor, connectivity, and electrification solutions. Facing the challenge of transforming its procurement function, the company aimed to evolve it from an operational unit into a strategic driver of long-term business success.
About the Customer
As a strategic partner of tier-one automotive suppliers and new mobility OEMs, Voltaira develops and produces sensor, connectivity, and electri-fication solutions. Through joint development projects and independent R&D activities, the company paves the way for the future and brings ad-vanced technologies to its customers. The Voltaira brand is associated worldwide with the highest quality and German precision. Partners around the globe rely on Voltaira’s cable and sensor products—and work with the company on forward-looking solutions for automotive, e-mobility, and micro-mobility. The Voltaira Group is represented in 13 countries across Europe, the Americas, Asia, and North Africa, and currently employs over 8,000 people.
Starting Point
At the start of the project, the procurement organization was undergoing a significant transformation. Procurement had been operating primarily in an operational capacity and needed to evolve into a strategic driver of business success. At the same time, the company faced the challenge of establishing a modern digital system landscape and systematically ups-killing and developing its employees. These changes were essential to ensuring the long-term competitiveness of the procurement function.
ivoflow did not bring change, it was the change. We now have direct visibility into all of our categories in all of our global locations. Actionable insights are found in just a couple of seconds instead of time-consuming analysis.“
Results and Outcome
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AI capabilities & market expertise
Voltaira gained access to both powerful AI software and comprehensive market expertise from a single source. The tool stood out particularly due to its advanced capabilities, which go far beyond simple data visualization.
Market Intelligence Data
The software provides detailed insights into external market data, including raw material prices, energy and logistics costs, and exchange rates.
Cost Savings identified
By centralizing and transparently presenting relevant data, Voltaira was able to uncover previously unrecognized optimization opportunities. Depending on the product category, cost reductions of three to five per-cent were achieved.
Onboarding & Trainings
A targeted onboarding process ensured that employees were trained and familiarized with the application, supporting the long-term success of the company.
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