Procurement Collaboration with Commercial EV Systems Manufacturer

The Challenge:

Our client specialises in the manufacture of commercial EV charging systems and has evolved and grown rapidly over the years. As well as needing a supplier of key components, they were looking for an advisor to work on projects and develop solutions together. This R&D methodology was their avenue to innovation and staying ahead of their competition, in a market that has been expanding exponentially as green and sustainable initiatives have become ever more in demand.

How it was Addressed:

The well-established network developed by 1st Millennium Electronic means that we have global reach to specialist electrical product suppliers. This expertise enabled the establishment of a quality EV supply chain network for this customer, directly engaging with electronic component and electromechanical manufacturers. Leveraging our procurement expertise, we have successfully overseen the supply and testing of essential EV components such as charging cables, holsters, and housings. Our strategic approach in this sector has resulted in lower and more consistent costs, improved delivery times, and enhanced logistical structures – all a benefit realised by our customer through our continued partnership.

The Outcome:

Our involvement these days extends beyond procurement, as we play an important role in the design process of new products, including providing guidance on component and part selection, as well as extensive technical assistance. This collaboration has positioned us as the preferred strategic purchasing and logistics partner for this leading global EV charging company, overseeing all facets of the supply chain and inventory management.

Anticipating continued success, we are excited about our project pipeline with this company. Our forward-thinking approach extends to market volume projections, prompting us to extend our client's sales potential by bringing this product to our manufacturing partners in the USA. This proactive strategy underscores our commitment to navigating the evolving landscape of the electric mobility industry.