Flint Group and SAP Ariba; A transformation success story
Created by the union of XSYS Print Solutions and Flink Ink Corporation in 2005, is one of the world’s largest suppliers to the printing industry. Working with SAP Ariba solutions, the Fling Group has centralised and digitalised the procurement of its indirect materials and services, resulting in increased efficiencies, reduced costs and better spend management.
The Flint Group replaced its manual procure-to-pay processes with SAP Ariba solutions cloud-based platform. With a single unified solution, the company was able to standardise its purchasing process across the enterprise, increasing transparency and simplifying the buying, invoicing and accounting process for both internal employees and external vendors.
“We have vastly improved our employees’ buying experience and process efficiency with our shift to the cloud and implementation of the SAP Ariba solutions,” said Arno de Groot, vice president, Procurement Packaging, Flint Group. “What’s more, with a complete unified procurement system, we have greater visibility into spend, enabling more informed buying decisions and a positive effect on our bottom line.”
Operating in over 130 centres across six continents, to ensure optimum customer service, the Flint Group works with an intricate network of suppliers, which previously had made for a complex and time-consuming procurement process. A lack of transparency on spend and data inconsistencies further complicated matters, resulting in an incomplete view on costs and hindering the ability to make well-informed procurement decisions.
Leveraging SAP Ariba solutions, the Fling Group has been successful in:
- Reducing maverick spend by empowering employees by providing an intuitive user experience to make guided buying decisions.
- Improving compliance, accounting accuracy and the accounts payable process by attaching a purchase order to almost every invoice.
- Reducing its vendor base and instituting a preferred supplier program to help maximise rebates and incentives while improving the supplier experience.
- Avoiding duplicate or unnecessary purchases by increasing visibility of current stock
Canoo Awards Manufacturing Contract to VDL Nedcar
Canoo, a trailblazing company in the electric vehicle (EVs) manufacturing industry, has officially announced owned and contract manufacturing plans that will ensure the company manages to deliver on its promise to consumers of production and delivery of vehicles in Q4, 2022.
During the company’s first Investor Relations Day, Chairman & CEO of Canoo, Tony Aquila, named VDL Nedcar as its contract manufacturing partner. VDL Nedcar, which I’m sure many of you will already have heard of, is the only independent Vehicle Contract Manufacturer in the Netherlands and has enjoyed fifty years of growth under owners, including Mitsubishi Motors and Volvo cars. According to the report, Nedcar will manufacture the Lifestyle Vehicle for the United States and European Union markets, while Canoo builds a US-based mega micro-factory.
"We conducted an exhaustive search, invested significant amounts of time and resources that span the globe, in our search for our Phase 1 contract manufacturer. VDL Nedcar is the right partner," said Tony Aquila, Investor, Chairman and CEO of Canoo, Inc. "They are the top trusted European manufacturer building high-quality products for leading OEMs, and they significantly outcompeted the other contenders. VDL is also independently owned by the van der Leegte family of entrepreneurs - which aligns with our commitment to support businesses that form the backbone of communities. This strategic partnership will enable us to deliver vehicles to market while we build our Phase 2 factory in Oklahoma. It also strongly positions us for geographic expansion in Europe and builds a lasting relationship with VDL Groep of companies. Our investment will help us scale quickly and fulfil our mission to bring affordable, purpose-built EVs to Everyone."
Canoo and VDL have already gotten to work on vehicle manufacturability and production planning so that Canoo can successfully lay the groundwork for its upcoming US manufacturing operations expansion, which will be completed in Oklahoma in 2022. The Nedcar facility currently expected to produce around 1000 units for both the US and European markets in 2022, with an additional 15000 targeted for the following year.
"Canoo's bold approach to designing and building electric vehicles makes them an ideal partner as we work together to shape the future of mobility," said John van Soerland, CEO of VDL Nedcar. "This partnership advances our strategic vision to provide a contract manufacturing solution and expand our expertise in the EV arena."
Currently, Canoo is entering its GAMMA phase of development and is on track to start production soon. The company intends and expects to launch its Lifestyle Vehicle in Q4 2022, closely followed by the Multi-Purpose Delivery Vehicle and Pickup Truck.
Watch this space.