ZF attaches a great deal of importance to the continuous further development of its supplier base and cultivates these partnerships intensively. After all, good collaboration between the Group and all supply partners underpins its value chain. If ZF is to offer its customers top-quality products, then the company must ensure suppliers meet the requirements placed on them in terms of quality, logistics, finance and sustainability.
Sustainability is an integral part of the ZF strategy. The company is committed to becoming fully climate-neutral through 2040. This includes decarbonizing the supply chain. ZF therefore systematically analyzes the contribution of its suppliers to its CO2 footprint and intensively discusses strategies, methods and technological possibilities with them.
To ensure responsible procurement, ZF has formulated uniform procurement standards and specifications for suppliers worldwide.
The results are integrated into the supplier release process and the procurement process. But sustainability is about more than just environmental and climate protection. So in addition to the issues surrounding "Climate and Nature," ZF also focuses on the aspects of "People" and "Lasting Values." Respect for human rights in the supply chain is a top priority for the technology company. All new and existing suppliers are required to sign up to the ZF Code of Conduct and to bolster the relevant values and principles in their company and in their own supply chain.
ZF sees its suppliers as innovation partners and develops new products and services in close collaboration with them. The close contact between development departments creates synergies, enabling innovations to move into production even faster.
ZF actively supports suppliers in implementing innovation ideas. This close collaboration delivers benefits for suppliers and ZF.
Especially when the pressure to innovate mounts, a partnership is crucial to react quickly to changing market requirements and to boost competitiveness. The role of purchasing is also changing. Rather than focusing solely on negotiating the best possible terms and conditions, they are working with their supply partners to find ways of improving collaboration.
Every year, ZF honors the best of its suppliers with the Supplier Award and so recognizes the significant contribution to its competitiveness and growth that its supply partners make. The Supplier Awards Innovations recognize partners in the fields of "Automated Driving," "Vehicle Motion Control," "Integrated Safety" and "Electromobility." The Performance Awards are presented in the categories "Production Materials," "Sustainability," "Operational and Functional Excellence" and "Digitalization/Connectivity."
As part of its Global Supplier Summit, ZF honors its best suppliers with the Supplier Awards every year.