ArcelorMittal has received a best supplier award from its automotive customer PSA Group, in the technical cost savings category. This is the second consecutive year ArcelorMittal has received a best supplier award from the global carmaker, having won a 2015 award in the value creation category.
ArcelorMittal was awarded the prize at PSA Group’s 12th annual best supplier awards ceremony, during which Carlos Tavares, chairman of the managing board of PSA Group and Yannick Bézard, the group’s executive vice-president for purchasing, honoured 15 suppliers for their commitment and quality of response to PSA Group expectations.
This year’s award acknowledges ArcelorMittal’s ability to provide solutions which reduce the cost of delivered standard parts, thereby contributing to PSA Group’s competitiveness.
Speaking at this year’s event, Yannick Bézard said: "ArcelorMittal is involved in all PSA Group’s projects to enhance competitiveness: from innovation to serial production. ArcelorMittal is working on weight and cost savings, and finding the best material solution for each vehicle. The best example of this is the systematic review of the car’s body structure, which we undertake in the very early stage of all our new projects. This approach leads to average cost savings of €5 to €8 per car. Another example is ArcelorMittal’s ability to team up with stamping companies to boost their VA/VE proposals."
VA/VE stands for Value Analysis/Value Engineering, and is a systematic and organized procedural decision-making process which allows ArcelorMittal to creatively generate alternative solutions which secure essential functions, at the greatest value and the lowest cost.
Philippe Aubron, CMO Automotive Europe for ArcelorMittal, said: “We are delighted to have received a best supplier award from PSA Group for the second year in a row, as this clearly demonstrates our customer’s continued faith in our ability to enhance their competitiveness and create value.”
With its three world-renowned brands, Peugeot, Citroën, and DS, the PSA Group sold 3 million vehicles worldwide in 2015. It is the second-largest carmaker in Europe. Since 2011, ArcelorMittal has held the status of strategic supplier to PSA Group’s automotive operations.