Volkswagen Group reorganises semiconductor procurement strategy

Karsten Schnake, Board Member for Procurement at Škoda Auto and head of the Volkswagen Group’s cross-brand and cross-functional task force COMPASS (Cross Operational Management Parts & Supply Security), explains the advantages of the reorganisation process, which include: a high degree of transparency, closer collaboration with key supply chain partners, improved risk management and a streamlining of component inventory, all under the auspices of a newly established Semiconductor Sourcing Committee.