Dana Holding Corporation Streamlines Its Sourcing and Procurement Processes With LiveSource

ATLANTA, GA--(Marketwired - Nov 20, 2014) - LiveSource, the first Supplier Collaboration Network dedicated exclusively to automotive and aerospace companies, announces that Dana Holding Corporation (NYSE: DAN) is optimizing its global sourcing and purchasing operations with LiveSource's cloud-based collaboration platform. Dana is a global technology leader in automotive product solutions, offering highly engineered technologies that improve the efficiency and performance of wheeled vehicles for more than 3,500 original-equipment and aftermarket customers in 125 different countries. The company is one of the main worldwide suppliers of axles, drive shafts, off-highway transmissions, sealing and thermal-management products, and genuine service parts. Serving the passenger vehicle, commercial truck, and off-highway equipment markets, Dana provides the world's original-equipment manufacturers and the aftermarket with local product and service support through a network of nearly 100 engineering, manufacturing, and distribution facilities.

With so much going on in so many different locations, Dana needed a reliable system in order to meet its comprehensive data-management objectives for collecting, tracking, and analyzing buyer and supplier data as well as information on multiple ERPs and internal resources, implementing a change-management strategy, and monitoring their immense tooling repository.

"We needed a solution that was not only powerful and scalable for our local, regional, and global operations but also fully customizable. It would have to provide the flexibility to control RFQs, RFIs, project management, tooling, and supplier documents in a centralized place for our entire supply base," says Chris Dawson, purchasing analytics manager at Dana. "We selected LiveSource's Supplier Collaboration Network because it offered us the ability to collaborate, compare, discover, and mitigate risks while working with suppliers around the globe."

The improvement has been dramatic and immediate, according to Dawson. "The Supplier Information System (SIS) has allowed us to easily but thoroughly collect data and qualify our suppliers, positioning us for a 50 percent reduction in our supply base by 2018."

With the LiveSource Tooling Management module, Dana has also developed a tooling repository where they are able to track and monitor the degradation of available tooling for their 3,500 stamping, casting, forging, bearing, assembly and machining manufacturers, as well as update their customers on the location and condition of their tooling at a moment's notice.