Purchasing Processes and Systems

In purchasing and supply management at ThyssenKrupp, selected methods and systems support efficient processes and help improve relevant data transparency. Internet-based technology has been playing a major role in this area.

The ThyssenKrupp Supplier Management tool, e.g., is used for the Groupwide assessment and development of suppliers, whereas a number of e-procurement systems have been implemented across the Group for higher process efficiency. ThyssenKrupp suppliers can access the ThyssenKrupp Strategic Sourcing Portal via the Internet to see posted requests for quotation, submit their bids in tenders, or take part in online auctions. This system ensures a high level of market transparency, more competition among suppliers and lower process costs. The sustained reduction of process costs is also the main driver for the ThyssenKrupp Catalog Ordering system which allows the complete online integration of suppliers in procurement processes, from the initial material requisition all the way to automated billing procedures. The result is an important competitive edge for all parties involved.