Continental and Schaeffler have celebrated their fourth joint Premium Supplier Day in Frankfurt. They have been cooperating in purchasing for the past eight years and every two years they select or confirm a number of joint Premium Suppliers. This year’s event was attended by 32 suppliers from nine countries.
From a total of more than 1,200 strategic suppliers, the two companies had selected 110 for systematic and comprehensive evaluation in line with predefined criteria. Along with a suitable product portfolio and high performance in terms of quality, Schaeffler and Continental’s selection criteria included logistics capabilities and global competitiveness. From among the 32 nominated suppliers who meet the demanding requirements of the automobile industry in full, six new names-Arnold Umformtechnik, Germany, Dalian Demaishi Micro-Shaft Co, China, Interplex Holdings Ltd, Singapore, Shanghai Global Precision Mould & Plastics, China, Wiesauplast Deutschland GmbH & Co., Germany and Knipping Kunststofftechnik King Plastic, Germany-were added to the Premium Supplier Circle.
Continental and Schaeffler are implementing a joint supplier strategy and striving to involve suppliers at an early stage of the product development process.