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What makes Supplier Compass stand out?
Supplier Compass is a digital tool created on the back of our robust databases (such as that of the Automotive Component Manufacturers Association ) and prior experience of Product Development Center of Competence members in the automotive industry across different OEM archetypes.
Supplier Compass covers:
1500+
suppliers’ data
1200+
parts
4
archetypes (of automotive OEMs)
Relevant details in one place
Supplier Compass provides relevant details of shortlisted suppliers, including financials (top line, EBITDA), manufacturing footprints, OEM customers, and contact details.
Turnaround time of under 10 minutes for all the relevant metrics to enable decision making
Alternate suppliers for the selected part category at the click of a button
Turnaround time reduced from 1–2 weeks to under 10 minutes for alternate supplier requests
Check out a demo
Supplier Compass helps cut down turnaround time from 1–2 weeks to under 10 minutes for alternate supplier requests.
How it works
Output and functionalities
Shortlisted suppliers
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From a robust database based on 3–4 inputs such as financials, part categories, regions, and OEM customers
Supplier map
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Visualization of recommended suppliers on a map, helping clients make quick assessments on whether a supplier will be able to serve them based on distance
Supplier card
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All relevant supplier details including financials, top customers, manufacturing footprint, contact details
Supplier comparison
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Comparison of 3 suppliers at a time on over 13 parameters to enable decision making
All analyses and reports can be downloaded in PowerPoint or PDF format.
Potential list of suppliers
- A list of potential suppliers is generated based on a few primary variables.
- This list is easy to analyze and can be shared with client and consultant team members in Excel format.
- A sample extract of output data can be found below.
Supplier comparison analysis
- Potential suppliers (3 at a time) can be compared with a single click.
- 13 KPIs on customer, financial, operational, and strategic levels are compared and results are generated.
- This analysis can be downloaded as a PDF and is easy to share with clients.
Supplier at a glance
- Potential suppliers’ KPIs on customer, financial, operational, and strategic levels can be viewed at a glance.
- This analysis can be downloaded as a PDF and is easy to share with clients.
- A sample extract of output data can be found below.
Multiple waves are planned to extend the current Supplier Compass offering beyond automotive to other industries in the next year.
Contributors and sponsors
Request a live demo and use cases
Bhalindra Singh
Engagement Manager, Delhi
Mohit Khatri
Knowledge Specialist, Gurgaon
Parvesh Garg
Senior. Knowledge Analyst, Gurgaon
Solution sponsors
Rajat Dhawan
Senior Partner, Gurgaon
Shivanshu Gupta
Senior Partner, Bengaluru
Nitesh Gupta
Partner, Gurgaon
Amit V Gupta
Partner, Gurgaon
Bikramjit Chaudhary
Associate Partner, Mumbai
Mentors
Gauranga De
Senior Expert, Gurgaon
Pramathesh Karkhanis
Senior Expert, McKinsey Knowledge Center, Chennai
Vikas Prasoon
Expert, McKinsey Knowledge Center, Gurgaon
Solution architects
Trinanjan Sarkar
Digital Expert, DM/Bengaluru
Har Ras Singh
Digital Analyst, DM/Bengaluru
Aakash Raj Udayakumar
Digital Analyst, DM/Bengaluru
Sahil Balodi
Digital Analyst, DM/Bengaluru
Key contributors
Vimal Tiwari
Knowledge Analyst, Gurgaon
Abhishek Nigam
Knowledge Analyst, Gurgaon
Deepak Mahajan
Practice Specialist, Gurgaon
Mehul Sharma
Capabilities and Insight Analyst, Gurgaon
Supplier Compass features
1,500+ suppliers
Supplier Compass is a robust, aggregated database created based on years of McKinsey experience and expertise in the automotive industry. It maps over 1,500 local and global suppliers for four-wheelers, two-wheelers, commercial vehicles, and electric four-wheelers, and this data is consistently updated to cover entire geographies .
>13 KPIs
Supplier Compass provides information on important KPIs like financial data of potential suppliers, competitor benchmarking, product categories, and manufacturing footprints, by shortlisting suppliers based on 3–4 inputs as primary variables.
Proprietary tool
Ready-to-use information from different sources is available to users at the click of a button. Data from platforms such as the Automotive Component Manufacturers Association, Capital IQ, Prowess, and Tofler, are combined to create a unique experience for the customer.
Built-in analysis
Supplier Compass comes with ready-to-use analysis of supplier financials, manufacturing footprints, customer bases, and more, which can help considerably reduce turnaround times and enable the client and consultant team to quickly implement ideas .
Downloadable analysis
Users can download a Supplier Compass analysis as an Excel or PDF file and easily share it with the client in less than 10 minutes. Supplier Compass contains a database of over 1,200 parts, which provides a holistic view of each component and near-complete preanalysis before downloading a potential supplier’s list .
Here are some client examples
A global automotive manufacturer leveraged Supplier Compass to reduce their cost by 12% adopting alternate supplier
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By working with us, you will have access to
Experts
Our industry and functional experts will be on the ground where and when you need them.
Helpdesk
Our helpdesk will keep doors open and commit to addressing your concerns efficiently and effectively.
Training
We offer coaching and build capabilities for your teams to deliver sustained improvements.
Implementation
We partner with you and co-create a firm path to implementation as part of the project.