Business/economy

Bosch Global Supplier Award Bosch honors its best suppliers First award in new “innovation” category

  • Awards go to 38 suppliers out of nine countries
  • Innovations drive competitiveness
  • Bosch is striving to integrate supplier expertise and creativity at an earlier stage
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  • July 04, 2013
  • Business/economy
  • Press releases

press release

Stuttgart – The Bosch Group has presented the Bosch Global Supplier Award to its best suppliers. In total, the technology and services company has honored 38 suppliers out of nine countries with awards in five categories. This is the thirteenth time that Bosch has given the Supplier Award to companies that have manufactured and supplied products or services particularly well. “The Bosch Global Supplier Award serves both as recognition and inspiration. In awarding it to our top suppliers, we aim to motivate all our other suppliers to perform just as well,” said Dr. Volkmar Denner, chairman of the Bosch board of management, during the award ceremony in Stuttgart.

Innovations drive competitiveness
The theme of this year’s presentation of the Bosch Global Supplier Award was “Innovation – drives competitiveness.” For the first time, there was an award in the new “innovation” category, which went to the Japanese company Shin-Etsu Chemicals Co., Ltd. for its development work on magnets. Bosch uses these in its ABS systems and motors, among other applications. Dr. Stefan Asenkerschbaumer, the Robert Bosch GmbH board of management member responsible for purchasing and logistics, said during the ceremony: “Innovative strength is a key prerequisite for keeping Bosch competitive,” adding that suppliers are important partners in this. Asenkerschbaumer also sees innovations as being of great benefit to suppliers: “Everyone stands to gain from innovations. In the competition to win orders from Bosch, new ideas and inventive approaches are more important than ever.” He went on to say that suppliers can use their innovations to open up new markets and new business opportunities for themselves.

Early integration to tap potential
In the future, Bosch wishes to integrate its suppliers in the product development process at an even earlier stage. “Our suppliers are an integral part of our innovation strategy. We need to harness their expertise and their creativity early on in the development process,” said Denner. It is at this early point that new ideas can have the biggest impact on subsequent manufacturing costs. “Whether a product is competitive is determined to a great extent during its development.”

Web platform for ideas
Bosch is working in joint projects with existing suppliers to develop new products and processes. The company is also always on the lookout for new inventions, and it has set up a central point of contact for this in the form of its own web platform for ideas. Companies and individuals can offer their inventions at www.bosch.com/idea – whether they are products, processes or procedures, and whether they already exist or are so far no more than an idea or a concept. Specialist associates evaluate the ideas that are submitted, and if suitable pass them on within Bosch to the area that can make best use of them.

Global sourcing – further internationalization of the supplier base
In 2012, the Bosch Group’s total purchasing volume came to some 27 billion euros. The focus is on Europe, with around 65 percent of the purchasing volume. Outside Europe, most Bosch purchases are made in China, the United States, and Japan. Bosch is looking to increase the share of its purchases made internationally, with the aim of sourcing its parts and services locally wherever they are needed. For the most part, purchases are made up of manufacturing materials such as electronic components, mechanical and electromechanical components, and plastic parts, but they also include merchandise, supplies, services, and machinery.

Please note: You can find a full list of award winners on the Bosch Media Service.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 375,000 associates worldwide (as of December 31, 2015). The company generated sales of 70.6 billion euros in 2015. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing and sales network covers some 150 countries. The basis for the company’s future growth is its innovative strength. Bosch employs 55,800 associates in research and development at 118 locations across the globe. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.”

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Additional information is available online at www.bosch.com and www.bosch-press.com, http://twitter.com/BoschPresse.

PI8176 - July 04, 2013

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