My name is Timo Rickerman. I'm the Chief Purchasing Officer at DMG Mori in Europe and the Executive Officer at DGM Group. DGM Mori is a worldwide leading manufacturer of high-precision machine tools and sustainable technologies that are the centre of global value chains.
DMG Mori needed a complete view of all relevant price developments, from energy prices to logistic costs and, of course, all raw materials.
Working with Mintec was the right decision. As a result, we now have a user-friendly solution to analyze calendar future price developments. The analysis can be used effectively in supplier negotiation by procurements to generate savings.
Using Mintec gives us a comprehensive understanding of the market, and we get a complete view of all relevant price developments, from energy prices to logistic costs and, of course, all raw materials. The solution has enabled us to enter negotiations with our partners at an early stage to achieve the most competitive price levels.
Now, thanks to Mintec, we can choose from the majority of indices and create dashboards. The access allows us to get all relevant information for our global purchasing organization. The extra effort to research on our own is therefore completely eliminated. Buyers can easily select the most suitable prices from many indexes and do not have to consult various sources.
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