CRITICAL RFQ INSIGHTS: OEM & TIER 1 DISCUSSION WITH CAR AND UHY

EV Channels Review

This webinar recording features Edgar Faler from the Center for Automotive Research and Ted Mabley from UHY, focusing on the inefficiencies within the automotive Request for Quote (RFQ) process. The discussion highlights a significant increase in the number of RFQs issued by OEMs and the substantial labor hours required from suppliers to respond. Key takeaways emphasize the critical need for automotive suppliers to streamline their RFQ processes to improve efficiency and reduce costs. While the video identifies problems and stresses the importance of improvement, it does not delve into specific solutions or provide a detailed roadmap for optimization, serving more as an awareness piece on the current challenges.