The sourcing lens — copper & metals (the key cost driver), polymers, electronic components, steel & packaging spend, terms and supply risk, with the cash and continuity move for each input.
Stretching to terms frees €51 M of cash at no cost to profit — DPO sits at 70d vs the 74-day target. Capture it, secure the 5 at-risk inputs (copper & metals the key cost driver), and consolidate the top tier before prices spike.
4 of 4 headline metrics improving vs prior · still off target: DPO (Days Payable) 70d vs 74d, Total Revenue €9.5 bn vs €10.4 bn, Cash Conversion Cycle 78d vs 70d
Copper & non-ferrous metals & Electronic components & semiconductors & Plastics, resins & polymers & Steel, sheet-metal & enclosures & Logistics, energy & MRO carry medium+ supply risk and softer delivery — a single shortfall can stall a production line.
€51 M of cash stays in the business by moving DPO from 70d to the 74-day target on €3,300 M of spend — no hit to margin.
Copper & non-ferrous metals (€900 M) and Electronic components & semiconductors (€800 M) are 52% of spend — concentrating volume earns rebates and priority allocation.
€3,300 M of copper, polymers, electronics, steel & packaging runs through 6 input lines — copper & metals the single biggest line and the key cost driver (US tariffs added ~$100 m to the cost base in FY2025). This view turns that into two moves: a €51 M cash release from stretching to terms, and a secure-supply plan for the 5 inputs whose risk could stall production.
Two inputs are 52% of spend — the negotiation priorities.
Each card: spend, reliability and the specific move.
Spend, score, delivery, terms and risk.
| Supplier | Category | Spend | Score | OTIF | Reject % | DPO | Risk |
|---|---|---|---|---|---|---|---|
| Copper & non-ferrous metals | Raw materials (primary) | €900 M | 84 | 93% | 0.6% | 70d | High |
| Electronic components & semiconductors | Electronics | €800 M | 82 | 90% | 1.1% | 66d | High |
| Plastics, resins & polymers | Raw materials | €650 M | 85 | 94% | 0.7% | 72d | Medium |
| Steel, sheet-metal & enclosures | Metal fabrication | €400 M | 86 | 92% | 0.9% | 68d | Medium |
| Logistics, energy & MRO | Logistics, energy & MRO | €300 M | 82 | 95% | 0.5% | 60d | Medium |
| Packaging & consumables | Packaging & logistics | €250 M | 83 | 91% | 0.8% | 65d | Low |