Automotive industry is in the midst of futuristic change to conceptualize the way it will shape up. The Original Equipment Manufacturers (OEMs) and auto suppliers have to revamp their business model to match up the pace of the dynamic changes happening in the entire business environment. In order to get the right amount of exposure and results, these are certain vital elements required to transform the business model of Automotive suppliers. Continue reading Key Elements for Automotive Suppliers to Transform their Business Model
Many people are aware of the blockchain and its role in cryptocurrencies, like Bitcoin; however, not many are aware that its potential scales beyond financial transactions. Even the automotive sector can benefit drastically from blockchain technology. Continue reading How Blockchain is Revolutionizing Automotive Supply Chain!
The automotive aftermarket is affected considerably by increasing customer expectations and evolving technologies. These changes have impacted how automotive suppliers and auto aftermarket companies are conducting business and how they aim to deliver value. Continue reading How Automotive Aftermarket is Embracing Technology to Meet Customer Expectations
The discussion on the contribution of Automotive Aftermarket in European economy has always been a punch point since the revenue statistics has continuously experienced pluses while walking along with automotive aftermarket. The automotive aftermarket and aftersales sector is a multiplexed, vigorous and greatly competitive market, providing Europe’s millions of cars, vans, trucks and buses with a potent support network. The automotive aftermarket is a compact of services, faceting repair, maintenance and service spectrum from parts supply to fitment and servicing. Giving a long life to the vehicle fleet asks for the absolute maintenance and matchless services. Continue reading The After Effects of Disruptive Technologies in Sweden Automotive Aftermarket
Aftermarket in general and Automotive Aftermarket, in particular, are facing quite a lot of challenges everyday. It is believed that servicing a vehicle is more complex than manufacturing them. Maintaining the logistics with no clear visibility of parts and then making those available at most varied locations and geographies becomes a complex transaction.
Managing the aftermarket parts supply chain is a challenging task. The industry has a complex set of challenges that includes the difficulty in storing, moving and tracking countless numbers of parts. Which is making it difficult to predict which inventories are required on hand.