Procurement

Competitiveness & Performance

In our Group of Companies, procurement contributes strongly to the competitiveness of our products, and to our operative performance. Looking deeply and comprehensively into our supply chains allows us to identify global supply market opportunities and mitigate risk. Collaborating with high-performing suppliers is the way to secure product innovation, smart processes and material cost reductions. As we are committed to highest standards regarding sustainability and compliance, we place utmost importance on responsible procurement practice.

We believe that these are key success factors going forward: Our procurement teams working closely together with their internal partners across multiple functions; applying state-of-the-art procurement methods and tools; and continuing on the journey towards digital procurement processes. All this is driven by the individual companies within thyssenkrupp, in line with their specific business and market requirements. Procurement service lines provide professional support and create synergy effects from pooling spend and expertise across thyssenkrupp.