ATLANTA, GA--(Marketwired - Nov 20, 2014) - LiveSource, the first Supplier Collaboration Network dedicated exclusively to automotive and aerospace companies, announces that Dana Holding Corporation (NYSE: DAN) is optimizing its global sourcing and purchasing operations with LiveSource's cloud-based collaboration platform. Dana is a global technology leader in automotive product solutions, offering highly engineered technologies that improve the efficiency and performance of wheeled vehicles for more than 3,500 original-equipment and aftermarket customers in 125 different countries. The company is one of the main worldwide suppliers of axles, drive shafts, off-highway transmissions, sealing and thermal-management products, and genuine service parts. Serving the passenger vehicle, commercial truck, and off-highway equipment markets, Dana provides the world's original-equipment manufacturers and the aftermarket with local product and service support through a network of nearly 100 engineering, manufacturing, and distribution facilities.

With so much going on in so many different locations, Dana needed a reliable system in order to meet its comprehensive data-management objectives for collecting, tracking, and analyzing buyer and supplier data as well as information on multiple ERPs and internal resources, implementing a change-management strategy, and monitoring their immense tooling repository.

"We needed a solution that was not only powerful and scalable for our local, regional, and global operations but also fully customizable. It would have to provide the flexibility to control RFQs, RFIs, project management, tooling, and supplier documents in a centralized place for our entire supply base," says Chris Dawson, purchasing analytics manager at Dana. "We selected LiveSource's Supplier Collaboration Network because it offered us the ability to collaborate, compare, discover, and mitigate risks while working with suppliers around the globe."

The improvement has been dramatic and immediate, according to Dawson. "The Supplier Information System (SIS) has allowed us to easily but thoroughly collect data and qualify our suppliers, positioning us for a 50 percent reduction in our supply base by 2018."

With the LiveSource Tooling Management module, Dana has also developed a tooling repository where they are able to track and monitor the degradation of available tooling for their 3,500 stamping, casting, forging, bearing, assembly and machining manufacturers, as well as update their customers on the location and condition of their tooling at a moment's notice.

"The supplier performance and qualification data collected from LiveSource is aggregated with spend information from multiple ERP systems into a single data warehouse, bringing centralization and an unprecedented level of visibility into our supply base," reports Dawson. "We've been able to retire multiple supply chain data collection and analysis systems and replace them with the all-in-one LiveSource solution."

Working together seamlessly, the LiveSource solutions have allowed Dana to centralize its entire global supply chain management and better serve vehicle manufacturers around the world.

"We're impressed by the results Dana has achieved in a highly competitive market characterized by large volumes of complex data and are proud of the role our platform plays in helping the company implement its strategy at the global level," says Neil Kelly, Enterprise Sales Executive at LiveSource. Bo Hagler, CEO, is equally enthusiastic about LiveSource's contributions to Dana's new level of success, saying, "LiveSource is the world's first Supplier Collaboration Network totally dedicated to meeting the needs of automotive and aerospace companies, and Dana's success shows how the right business processes supported by the right technology enable outstanding results and performance. We look forward to further supporting Dana streamline and improve its sourcing and purchasing decisions, and enable them to better collaborate for improved performance."

Click here to read the complete Dana Holding Corporation Case Study from LiveSource™.

About Dana Holding Corporation
 Dana is a global leader in the supply of highly engineered driveline, sealing, and thermal-management technologies that improve the efficiency and performance of vehicles with both conventional and alternative-energy powertrains. Serving three primary markets -- passenger vehicle, commercial truck, and off-highway equipment -- Dana provides the world's original-equipment manufacturers and the aftermarket with local product and service support through a network of nearly 100 engineering, manufacturing, and distribution facilities. Founded in 1904 and based in Maumee, Ohio, the company employs 23,000 people in 26 countries on six continents. In 2013, Dana generated sales of $6.8 billion. Forbes magazine selected Dana as one of America's 100 Most Trustworthy Companies in 2014. For more information, please visit www.dana.com.

About LiveSource
 Automotive, aerospace and industrial manufacturing companies rely on LiveSource as the first Supplier Collaboration Network dedicated exclusively to their unique needs. Comprising industrial strength modules for RFx events, Supplier Performance Management, and a broad Supplier Network, LiveSource delivers customers a strategic platform that enables visibility into their entire supplier network, a single destination and repository for all supplier data, and peace of mind with respect to compliance and risk management issues. LiveSource customers report better, faster, more informed decisions that affect savings, eliminate risk, manage compliance and improve operations. For more information, please visit www.livesource.com.