Groupe PSA’s strategy is based on two main approaches
Excellence in supplier relations
The selection of our suppliers
More than 8,000 suppliers, with whom we have a contractual relationship, make up Groupe PSA panel. They are selected according to rigorous criteria including quality, performance and customer orientation standards.
In order to complete our annual supplier audit system and make it more robust, Groupe PSA has undertaken an evaluation of its entire supplier panel on environmental, social, ethical and subcontracting chain control criteria. It has chosen to outsource this evaluation to an external third party, EcoVadis.
Each supplier must sign Groupe PSA Responsible Purchasing Charter.
Embark on the path of co-innovation
Groupe PSA considers its suppliers as partners. Instead of following a short-term approach based on opportunism and cost reduction, we want, through a vision shared with our suppliers, more transparency and mutual trust in order to build a long-term relationship that is more efficient and meets our ever-increasing requirements.
In a co-innovation process, framework agreements have been signed between Groupe PSA and equipment manufacturers to boost innovation collaboration. They simplify the contractualization of information exchanges and work, define governance and the way in which the relationship is managed. They thus enable the partners to identify common subjects as soon as possible, to engage them and to follow their smooth progress until their industrial development.
The Purchasing Department believes in a win-win approach with its suppliers, with the objective of pooling the know-how of each partner and establishing a lasting relationship, in a continuous improvement process. The Group aims to surround itself with suppliers who, through their financial structures and innovation capacities, support its international development.
For the Purchasing Department, innovation means preparing with its suppliers for the mobility of tomorrow that is more responsible, connected and attractive.
Groupe PSA Supplier Awards
Each year, Groupe PSA rewards its suppliers in different categories for their commitment and the quality of their responses to the Group’s expectations. Groupe PSA Supplier Awards are an opportunity to reaffirm the importance of the supplier relationship in the implementation of the Group “Push to Pass” strategic plan, as well as in the development of technological innovations to meet global competitiveness challenges.
The list of rewarded suppliers is validated by the Purchasing Leadership Team to ensure that these suppliers do not present any difficulties with regard to the evaluation criteria of the other categories. For example, a supplier will not be rewarded in the “Competitiveness” category if it is not at the required CSR level.