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29 January 2014 | Will Green
Luxury automaker Aston Martin says it wants to grow its UK supply chain by 10 per cent.
The firm, which produced 4,200 cars in 2013, said the move was part of efforts to create sustainable and flexible supply chains.
The company deals with 225 suppliers who produce parts for the cars, of which 100 are based in the UK, a further 100 in Europe and the rest in North America and the Asia Pacific region. A further approximately 775 suppliers provide indirect goods and services.
David Wyer, senior purchasing manager, said the logic behind the increase in the UK’s contribution was developing “a sustainable supply chain that meets our quality, cost, environmental and risk management criteria”.
“We believe that local suppliers have this capability together with the additional benefit of flexibility towards managing increasing component complexity,” he said.
Wyer said a key challenge for the firm, which produces the Vantage, DB9, Rapide and Vanquish models, was building relationships with suppliers when production volumes were low.
“In terms of challenges, we want to continue to select partners and build relationships that will hold for a number of years. Continuing to do this in a very competitive market, with production volumes as small as ours can be difficult,” he said.
“In terms of people, maintaining and attracting highly-skilled procurement professionals in an equally competitive market provides a significant challenge.”
Aston Martin’s procurement department is 72-strong and covers the three key functions of production purchasing, contracts management and programme management.
The firm’s biggest markets are the UK, Europe and North America.