Challenges faced by Automobile industry:
- Highly complex BOMs (Bill of Materials) often contain vast amounts of data, creating challenges in efficiently managing this information and increasing the risk of errors or missed insights during analysis.
- Difficulty in optimizing and streamlining direct material supply chain processes.
- Lack of real-time updates across critical stages such as manufacturing, quality assurance, and delivery.
- Administrative burden on procurement departments due to extensive documentation requirements.
- Struggles in maintaining a balance between high quality and cost competitiveness.
- Elevated compliance risks in procurement and supply chain operations.
Value proposition:
- Supplier collaboration and diversification to mitigate the risk of supply chain failures
- Cost optimization: Reduce lead time and operational cost
- Data accuracy
- End to end visibility
- Real time tracking
- Reduction of manual efforts
- Supplier performance monitoring
- Cost optimization
- Regulatory compliance
- Audit trail