The procurement process in Volkswagen

Volkswagen fast supplier network on the basis for their success:
The procurement process in Volkswagen is through the fast automotive supply tracks innovated by the group procurement is a weapon for the Volkswagen group and its supply network for future partnerships or joint venture. Quick facilities frequently exchange information so that the automotive industry can face challenges in the future. In the existing supply relationships of Volkswagen, a criterion has been created in the previous year for the supplier to develop and improve the products together where the innovation and strategic agreements are required to exchange the information (Newsroom, 2020). The Volkswagen procurement group also provides fast partners in the cross-divisional innovative process where they are provided with an opportunity to develop or represent innovative products and ideas from the procurement and technical division for the management system.