3 Reasons Why Automotive Suppliers Should Join Tandem
As an automotive supplier, navigating the complex landscape of the industry can often be challenging. From seeking new growth opportunities to managing risks and finding buyers for your products, the process can be daunting. However, Tandem can revolutionize the way you do business with our comprehensive platform, which streamlines your procurement process using an expansive database to find new buyers and suppliers. By joining Tandem, automotive suppliers gain access to a myriad of benefits that can propel their businesses to new heights.
1) Accelerating Growth: Digitizing sales processes can lead to a significant increase in revenue growth. According to a study by McKinsey, B2B companies that digitize their sales processes can accelerate their revenue growth by 3-5 times faster than their peers. Tandem's platform is designed to facilitate this digitization by connecting automotive suppliers with new buyers and suppliers from around the world. By joining Tandem, suppliers can unlock new opportunities for growth and expansion, showcasing their products to a wider audience and ultimately boosting their revenue.
2) Minimizing Risk and Increasing Resilience: The automotive industry is rife with risks, and effective risk management is crucial for sustainable growth. By joining Tandem, automotive suppliers can minimize risk and increase resilience in their operations. According to Bain and Company, this can translate to a remarkable 15% to 25% improvement in plant output, allowing suppliers to operate with enhanced confidence and efficiency. Through Tandem's rigorous vetting process and dispute resolution services, suppliers can conduct business with the assurance that they are connecting with reputable and financially stable buyers and suppliers.
3) Increase Savings and Cash Flow
Procurement and marketing costs can significantly impact an automotive supplier's bottom line. However, by joining Tandem, suppliers can connect with buyers who are actively seeking their products, effectively reducing procurement and marketing costs as reported by McKinsey. Tandem's platform streamlines the procurement process, saving both time and resources for suppliers. By tapping into a pool of buyers who are already interested in their products, automotive suppliers can enhance their visibility and reach in the market.
Tandem offers a transformative platform that empowers automotive suppliers to accelerate their growth, minimize risk, and increase savings. By leveraging the power of Tandem, automotive suppliers can unlock new opportunities, build resilient operations, and establish meaningful connections that pave the way for sustained success and growth.
1. Claim: companies that digitize their sales process can accelerate their revenue growth by 3-5 times faster than their peers.
Findings: McKinsey & Company, How B2B digital leaders drive five times more revenue growth than their peers
2. Claim: Minimizing risk and resilience can translate to a remarkable 15% to 25% improvement in plant output
Findings: Bain & Company , Supply Chain Lessons from Covid-19: Time to Refocus on Resilience
