Cooper Standard is changing its purchasing organisation to a global commodity structure.
The transition follows the previous realignment of the supplier’s manufacturing, engineering and innovation organisations earlier this year.
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“The realignment of our purchasing function by global commodity category is another sequential move in our progression toward a fully integrated global structure,” said Cooper Standard chairman and CEO, Jeffrey Edwards.
“A global commodity purchasing organisation will build deeper experience and relationships in each commodity area, further leveraging our scale and better aligning priorities between manufacturing, engineering and purchasing to reduce complexity and improve overall performance of our annual direct commodity and equipment spend of more than US$2bn.”
Cooper Standard will manage the procurement of 34 commodities into four groups including plastics, rubber, metals and all others which will be supported by dedicated global buyers.
The new global purchasing organisation will remain under the direction of SVP, chief information and procurement officer, Susan Kampe.
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By GlobalDataIn conjunction with the installation of the new global structure, Cooper Standard is investing in digital and AI tools to provide the organisation with real-time analytics.
Cooper Standard, headquartered in Novi, Michigan, is a global supplier of systems and components for the automotive industry. Products include sealing, fuel and brake delivery, and fluid transfer systems.
Cooper Standard employs around 30,000 people globally and operates in 21 countries around the world.
