Success Story Taelim Industrial
About
Taelim Industrial, headquartered in South Korea, is a leading automobile parts manufacturer specializing in steering system components. With a global reach spanning over 10 countries, including the U.S., Europe, and South Asia, the company has established itself as a key player in the industry. Taelim Industrial focuses on developing module parts and has successfully engineered the world-class I-Shaft for automobile steering systems.
Challenge
As a medium-size company, Taelim Industrial had limited time and resources for strategic procurement. Data management needed to be optimized to focus on negotiation and strategic planning. Exploring new cost improvement potentials was a priority.
Solution
ivoflow provided Taelim Industrial with a strategic procurement solution that minimizes the effort for big-data management and encourages strategic thinking. Due to up-to-date live market intelligence and automated cost-saving potentials, the focus shifted toward strategic procurement. ivoflow enabled Taelim Industrial to incorporate market data and advanced analytics to create transparency and cost-effectiveness.
„As a medium size company, Taelim has limited resources for procurement management with lack of long-term & strategic approach. After implementing ivoflow, our purchasing department has been sharpened more focusing on negotiation and strategic planning rather than research and reporting. Most importantly, I can now rely on the system with transparency, exploring new cost improvement potentials based on logical approach with real-time market data.“
Jin Oh
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