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Procurement
Procurement
Volkswagen cooperates with the world’s largest and most innovative companies as the brand heads towards becoming the leading volume supplier. Procurement is responsible for the global purchasing of components, raw materials and machines needed for vehicle manufacture as well as supplying the factories with consumables, services and capital goods. The procurement process is a standardized process that is organized Group-wide and carried out in close cooperation with the various Group brands.
Press releases
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Group Award 2018: Volkswagen Group honors international top suppliers
The Volkswagen Group presented the “Volkswagen Group Award 2018” to its best suppliers yesterday at a ceremony in ‘Kraftwerk Berlin’. Last year’s 19 best suppliers were presented with their awards in seven categories. As ‘category sponsors’, high-ranking representatives from the Volkswagen Group handed over the awards to the suppliers at a ceremony attended by some 280 guests from 26 countries. -
Volkswagen strengthens its rules to ensure sustainable, socially compatible raw material procurement
The Volkswagen Group is currently engaging in intensive discussions with its suppliers to determine how the sustainability of the supply chain, especially for raw materials used in electric vehicles, can be improved. Specifically, the objective is to bring environmentally compatible vehicles onto the road that have been produced with respect for human rights and in accordance with environmental and social standards throughout the supply chain. This starts with raw material extraction and ends with the finished product. This is why the Volkswagen Group has made its corporate guideline more stringent and now requires greater transparency in raw material procurement from its suppliers. -
FAST strategy conference: Volkswagen Group lays foundations for the future with its suppliers
With its "Volkswagen Future Automotive Supply Tracks" (FAST) initiative, the Volkswagen Group is aiming for more intensive strategic interchange with its suppliers with a view to forging ahead even more strongly with future-oriented technologies. At the first "FAST Summit" strategy conference, held in Berlin, the FAST partners discussed key topics and projects of the next few years with Board of Management members and representatives of the Volkswagen Group and its brands. Together with its suppliers, the Volkswagen Group is laying the foundations for the future of the automobile. -
FAST corporate initiative: Volkswagen Group Procurement has defined further strategic partners
Volkswagen has nominated a total of 55 strategic partners for 61 fields of competence under its "Volkswagen Future Automotive Supply Tracks" (FAST) initiative. The aim is to jointly implement technological innovations for customers worldwide even faster than in the past. A key prerequisite for that is early involvement in the innovation process and synchronization of both the corporate strategy and the production network between the strategic suppliers and the Group. -
The FAST corporate initiative: Volkswagen Group Procurement nominates strategic partners
The Volkswagen Group has nominated the first 44 suppliers who will be collaborating with the Group on a new common strategic level under the joint FAST initiative. These suppliers were chosen for their outstanding performance in their respective field of competence based on a systematic selection process. Volkswagen Group Procurement is responding to the challenges currently facing the automotive industry by working together with its suppliers under the "Future Automotive Supply Tracks" initiative (or FAST for short) and will implement technical innovations even faster. -
"Volkswagen FAST" initiative: Volkswagen Group redefines cooperation with suppliers
The Volkswagen Group had invited its key global suppliers to Wolfsburg today for the kick-off event of the new Volkswagen FAST (Future Automotive Supply Tracks) program. Dr. Francisco Javier Garcia Sanz, Member of the Board of Management of Volkswagen Aktiengesellschaft responsible for Procurement, launched the new corporate initiative together with development and procurement board members of the Group brands.