In order to meet our ambition, Faurecia's purchasing strategy focuses on three core values: sustainable value creation, managing growth & globalization, and technological leadership.
Sustainable value creation
We focus on sustainable value creation through a sophisticated organization of the entire supply chain, selecting the best suppliers in terms of total cost of ownership, including quality, reliability and timely delivery.
The quality of the relationship we have with our suppliers is a key value for Faurecia. As such, Faurecia creates and develops sustainable relationships with a limited number of suppliers around the world, based on trust, high standards and mutual benefits.
Our formalized relationship management enables us to embed sustainable joint value creation through strong relationships with strategic suppliers.
Growth & Globalization
Faurecia is in phase of fast pace growth on international markets while facing increased complexity. For this we need our suppliers to join this logic to jointly benefit of our international growth and development. Leveraging the global economy elevates our own and suppliers competitiveness through reduced costs and a stronger business model while aligning with customer values and increasing market opportunities.
Technological leadership is one of our key strategies to ensure growth and to become a global leader. Encouraging and supporting our suppliers to innovate is one of Faurecia's purchasing priorities.