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Home arrow News arrow Auto component arrow Fiat Italy opens new group purchasing office in New Delhi
Fiat Italy opens new group purchasing office in New Delhi Print E-mail
Written by Ganesh   
Saturday, 10 May 2008
New Delhi: Fiat Group today announced the launched of its newly formed FIAT Group Purchasing Office in New Delhi, India. This development is in line with the Group’s strategy to integrate the Purchasing function of all of its sectors globally from 1st January 2008 and for International Purchasing purpose has decided for India as well. The Suppliers System plays a fundamental role in ensuring the competitiveness of the Fiat Group and achieving maximum customer satisfaction.

This is a key step in the direction to achieve group’s 2007-2010 growth and margin expansion plan. Group Purchasing plans to buy € 8.5 billion of components for Fiat Group plants from best- cost countries (BCC) including India & China by 2010.

Speaking at the launch Mr. Gianni Coda Fiat Group Executive Committee member & Chief Executive Officer of FIAT GROUP PURCHASING ITALY said “Good faith, loyalty, fairness, transparency and respect for the Group’s fundamental values are the guidelines that inspire and guide the relationship with the suppliers system in FIAT GROUP. The newly formed Group Purchasing Office in New Delhi will be responsible for the BCC purchasing for all the FIAT sectors i.e. FIAT Group Automobiles, CNH, IVECO, FPT (FIAT Powertrain Technologies). We are optimistic on sourcing from emerging economies like India and China. We have recently, successfully implemented in 2007 the China Sourcing Office in Shanghai. Our foremost interest will be in establishing & strengthening strategic FIAT-Suppliers relationship in India that is a very important part of our growth plans.”

The newly formed FIAT Group Purchasing Office India in New Delhi will start & operate under the leadership of Country Head, Mr. Niraj Hans.The new team will operate on commodity based purchasing organization. The team size will grow from current 15 persons to more than 50 by this year end to contribute to the group’s targets of BCC Purchasing.

For Fiat, 2007 has been an important year that saw the completion of the industrial turnaround plan launched in July 2004, and the achievement of all the Sectors and Group targets set at that time. Many of these targets were even exceeded. During 2007, Fiat started the implementation of the 2007-2010 growth and margin expansion plan, which will transform the Group into a significant international industrial enterprise.

 
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