If all the hype, promises and data we know about driverless cars is true then the move could have a positive affect on a lot of different factors and people. A report by Vendigital suggests that car ownership will decrease by 95%, with more families choosing an on demand service. This report also claims that driverless cars could save families up to £3,000 a year.
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TT Electronics, a global provider of engineered electronics for performance critical applications, implement various procurement technologies as a key enabler to driving cost improvement and optimising supply chain performance.
Low & Bonar, a FTSE 350 global leader in the design and manufacture of performance materials, recognised a need to efficiently aggregate spend data across disparate systems to drive supplier cost and performance management within their business.
Meggitt PLC, a 1.6 billion GBP turnover international aerospace, defence and electronics group are acutely aware of the consequences of not proactively identifying and managing risks across their supply chain, the consequences of which can not only disrupt operations but also impact brand reputation.
Meggitt is a FTSE 100 GBP 1.6 billion turnover international aerospace, defence and electronics group, with global operations. As a result of their scale they were finding it increasingly difficult to aggregate and analyse spend information, across the organisation. Whilst Meggitt have rolled out an ERP system across their operations globally, the ability to visualise and analyse direct and indirect spend information demanded a need for a central spend analytics solution.
"The process has given us greater awareness of the global supply base and market prices, as well as lower costs."