Airbus 2013 Annual Report Download - page 62

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— SUPPLY CHAIN / PROGRAMME MANAGEMENT
SUPPLY
CHAIN/
PROGRAMME
MANAGEMENT
The external supply chain represents a major share of the value
of Airbus Group products. For 2013, the ratio of external sourcing
turnover to Group revenues is expected to be in line with the
previous year at approximately 70%. Sourcing turnover
comprises payments to tier one suppliers based on invoices
for goods and services, including fees.
In 2012, the latest year for which consolidated data is available,
the Group’s external sourcing turnover amounted to some
€ 39.5 billion. The increase of roughly 12% on the previous year
was mainly due to the production ramp-up in the commercial
aircraft business. Aircraft propulsion systems accounted
for 30%, structure & airframe for 15%, systems & equipment for
14%, production material for 10% and product related services
for 8% of external sourcing turnover. Indirect material,
representing goods and services which are not directly
attributable to sold products and services, accounted
for 23% of external sourcing turnover.
Europe continued to account for the major share of external
turnover, representing 71% in 2012. North America represented
26% of the Group’s external spend.
Increasing the share of procurement in US dollars remains a
strategic goal for the Group, as a means of reducing exchange
rate risk. Some 49% of external sourcing turnover in 2012 was
booked in US dollars (47% in 2011), with 44% in euros (46% in
2011); 6% was booked in sterling and 1% in other currencies.
First A350 XWB nose section unloaded from a Beluga aircraft
Airbus Group closely manages its supply chain,
which makes a vital contribution to the success of the business.
ANNUAL REVIEW 2013 — BUILDING OUR CULTURE
60