Leader in Chinese Automotive Industry Automates Supply Chain with Collaborative Execution
Foster City, Calif., March 14, 2013 -- Yanfeng Visteon Automotive Electronics, a joint-venture of Yanfeng Visteon Automotive Trim Systems and Visteon Corporation (NYSE:VC), has selected E2open (NASDAQ: EOPN), a leading provider of cloud-based solutions for collaborative execution across global trading networks, to transform its supply chain collaboration program. Utilizing E2open's cloud-based collaborative execution platform, Yanfeng Visteon will improve its global supply chain operations with automated information exchange, a consolidated view of global spend, and real-time insight into supplier commitments and issue resolutions across their network of more than 600 suppliers.
"Yanfeng Visteon Automotive Electronics is pleased to partner with E2open as part of our effort to build a world-class supply chain program," said Hanson Zhang, Purchasing & Supply Head at Yanfeng Visteon Automotive Electronics. "E2open's cloud-based solution will enable us to establish a collaborative platform for our suppliers and trading partners, improve risk management, and offer better service levels to our global customers. This will make Yanfeng Visteon Automotive Electronics a benchmark of supply chain excellence in the Chinese domestic automotive industry."
Yanfeng Visteon Automotive Electronics is the premier supplier of audio and meter devices in the Chinese domestic automotive industry, designing and producing a variety of electronics control solutions, including navigation, audio entertainment systems, centralized electronic control modules, and power control modules. The company has six manufacturing plants across China and operates the largest electronics technology research and development center in Asia.
"E2open's highly-integrated, cloud-based supply chain platform will enable us to reduce IT complexity and increase IT agility," said Roy Wang, Information Technology Head at Yanfeng Visteon Automotive Electronics. "Our goal is to develop our core competency based on world-class information system capabilities to improve supply chain efficiency while reducing operational costs."
"With the continued expansion of the Chinese automotive industry, it is critical that Yanfeng Visteon Automotive Electronics' growing supplier base is able to communicate efficiently to address potential disruptions and sustain excellent service levels," said Mark Woodward, President and CEO, E2open. "Our strategic partnership with Yanfeng Visteon Automotive Electronics is an exciting opportunity for E2open as we continue to grow our presence in the Asia Pacific marketplace."
More than 34,000 trading partners, with over 105,000 unique registered users, currently participate in the E2open Business Network, which allows participants to access and share data and execute business processes in a secure, real-time manner. For more information on E2open, visit the company's website or follow the company on Twitter and Facebook.
E2open is a leading provider of cloud-based, on-demand software solutions enabling enterprises to procure, manufacture, sell, and distribute products more efficiently through collaborative execution across global trading networks. Brand owners use E2open solutions to gain visibility into and control over their trading networks through the real-time information, integrated business processes, and advanced analytics that E2open provides. E2open customers include Celestica, Cisco, Dell, Embraer, HGST, IBM, L'Oréal, LSI, Motorola Solutions, Seagate, and Vodafone. E2open is headquartered in Foster City, California with operations worldwide. For more information, visit