The BMW Group has honoured suppliers for their outstanding innovations and development work for the fifth time with the BMW Supplier Innovation Award: A total of 15 suppliers were recognised for their achievements and exceptional collaboration on Wednesday evening at BMW Group Plant Landshut. In the categories Productivity, Sustainability, Efficient Dynamics, Digitalisation and Emotional Experience five winners were selected.
The BMW Group’s global network of 3,200 suppliers at 4,500 production locations in around 50 countries plays a decisive role in implementing new developments. Every day, BMW Group vehicle plants worldwide take delivery of more than 31 million parts. The companies that supply the BMW Group ceased to be just suppliers of components years ago and have now become system developers and innovation partners. Over the years, their share of value creation at the company has risen steadily and currently stands at over 70 percent. The BMW Group’s annual purchasing volume totals around 60 billion euros.
“Close cooperation with our suppliers is the basis for guaranteeing supply security at all our production locations worldwide, as well as ensuring innovation in future areas of mobility,” according to Dr. Andreas Wendt, member of the Board of Management of BMW AG, responsible for Purchasing and Supplier Network. It is no coincidence that the Supplier Innovation Award 2018 was presented at the Landshut plant, explained Wendt in his speech in front of 250 CEOs and managing directors of top suppliers: “This is not only home to a large share of our inhouse component production, but also our innovation hub for components and innovative solutions: The LuTZ, our Lightweight Construction and Technology Centre in Landshut, embodies our passion for innovation.”
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SOURCE: BMW Group
