Clear cost structure – Automotive supplier relies on Siemens for standardized cost management

In the automotive industry, suppliers face huge challenges in terms of enormous competitive pressure, tight delivery times and strict quality requirements. In order to remain competitive, costs must be monitored at all times so that action can be taken quickly when required. In the past, Valeo Kapec found this difficult to achieve. The company previously traded as Korea Powertrain and in 2017 entered into a joint venture with Valeo (which was already in a joint venture with Siemens as Valeo Siemens eAutomotive). This joint venture resulted in a heterogenous company structure, in which almost every department operated its own cost management system. For a seamless solution that offers a company-wide system to improve efficiency and provide an overview of costs, Valeo now relies on Teamcenter from Siemens.