CAR study shows room for improvement
Adjust font size:
Manufacturing News, Source : TheManufacturer.com
Published : 19 Sep 2002 21:32
The Center for Automotive Research (CAR) released a new study exposing key process problems in the automotive industry.
The study, titled “Automotive Suppliers and the Revenue Acquisition Process: What’s Working, and What’s Not,” found that if auto suppliers gained a 5% increase over their usual 25% success rate of winning new business, they would gain an added $700 million in annual sales. Study findings also showed 24% of new business RFQs from large suppliers are late and miss submission deadlines, an oversight that costs an estimated $3.5 billion in lost opportunity sales per year. The research was conducted by CAR, WWJ Radio, and the Society of Automotive Analysis.
Comments on this story
click here to add a comment
You must be registered & logged in to add comments
already have an account and just want to login?
Related Content
Guest Editorial: Checklist - Seven Recommendations for Improved Profits
by Abbott A. Imberman, PhD, Professor of...
more…
FKI LOGISTEX OPENS NORTH AMERICAN TECHNOLOGY & EDUCATION CENTER (TEC)
(St. Louis, Missouri, USA: July 10, 2007) FKI...
more…
Guess selects the tradecard platformand SourceView suite to optimize global trade
NEW YORK, July 10, 2007 – TradeCard Inc., the...
more…
Kimberly-Clark Professional Crosses Final Touchless Frontier With Introduction of First Electronic Bath Tissue Dispenser
ROSWELL, Ga. (July 9, 2007) – Kimberly-Clark...
more…
Boeing Celebrates the Premiere of the 787 Dreamliner
EVERETT, Wash., July 08, 2007 -- Today, Boeing...
more…
no comments yet...