Supplier Sourcing & Evaluation

Client
Multinational Materials Technology Company
Challenge
"The lack of a database of preferred technology suppliers is a slowing our digitalization process. We also need to identify technology innovation partners for situations where we need customized solutions.”
Objectives
  • Develop a knowledge foundation of the most commonly deployed industry 4.0 use cases in metal-based chemical production.
  • Build a database of preferred suppliers for critical technologies.
  • Identify innovation partners with the flexibility to jointly develop solutions.
Approach
IoT ONE worked closely with the client to prioritize relevant technology stand use cases, and to define supplier and innovation partner requirements.
  • i4.0 use case adoption mapping
  • Patent study by company and region
  • Mature supplier database
  • Innovation partner prioritization
  • Documentation handoff
Result
  • Benchmarked 20 peer companies across 6 technologies, 3 regions and 43 usecases.
  • Assessed 310 technology adoptions, 254 mature suppliers, and 309 innovators.
  • Recommended a short list of suppliers and innovation partners for development.
  • Prioritized potential investment targets among strategic suppliers.

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