Today many departments of an equipment manufacturing firm are extremely innovative and automotive parts manufacturing sector comes at first place in this list. Great innovation in manufacturing industry will increase its share into GDP by 25%.
Innovative technology is the main growth driver behind success of automotive manufacturing units. Also, behind all this a great will of organizations to spent on R&D. As compared to previous years, expenditure on R&D has increased up to three times.
Industries are revolutionizing manufacturing process of parts with advanced manufacturing capabilities and technology. As a result of this, OEMs are benefiting from increased visibility into work process, saving time and money and fast quick response time that enhance their ability of offer excellent customer support.
If OEMs want to stay ahead in competition and want a stable position in today’s competitive market is by embracing change. The change is necessary for those who just don’t want to survive but thrive in the growth inducing technology.
New Trends in Manufacturing
Today manufacturing process is changing continuously. About a decade ago manufacturing OEM was only about machinery and labour but today it is much more intelligent. Advanced technology is playing a big role in manufacturing and management of spare parts today. Such advanced technology is now acknowledged by top automotive OEMs and they are adopting innovative techniques faster to manufacture and distribute parts.
Workforce of the Future
Digitalization holds great promise for OEMs, yet it is not like that it is available immediately and software need to be made that suits a particular purpose. OEMs should invest in advanced software by keeping in mind that they are building a workforce of future. In upcoming years people will see more investment in digital training –internally and externally. This will help OEMs in gaining knowledge in a cost-effective manner.
Leveraging Warranty Claim Management Tool In Supply Chain For Competitive Advantage
To be always competitive means you are dedicated to deliver more value to your customers then your competitors. Price is the extremely important factor in complete manufacturing process and all OEMs wants to distant themselves from price war. This can be done through leveraging new technology like warranty claim management. By saving cost in claim management process OEM will be able to give benefits to end-customers in form of low price. Also OEMs will get many more benefits like – efficient work process, claim data visibility, reduced operational cost and improved customer satisfaction.
Today automated claim management technology benefit manufacturing needs in various areas:
- Claim Optimization
- Sales and Operations Planning
- Live Tracking Optimization
- Product Lifecycle Management
- Business Intelligence
Small to medium sized manufacturing companies are increasingly recognizing that an electronic part catalog (EPC) is key to creating a lean and competitive advantage.
EPC Software Offers Two Key Benefits
- It streamlines order management and part search processby automating all operations and providing real-time information.
- By implementing this software administrative andoperational cost is reduced. The end result is that OEMs can proactively managebusiness operations, and prevent disruptions that will help them in makingquick business decisions.
The implementation EPC system is very easy and equipment manufacturing OEMs doesn’t need any special setup to start services. Just, implement the rapid EPC software which can be setup easily and will process the tasks much faster and in a more affordable way than traditional one. If you have questions, we are happy to answer them. Just connect with us at www.intellinetsystem.com
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