Examine how digital transformation with technologies of rapid application development platform (RADP), unified mobile app and API tools can help automobile manufacturers overcome operational challenges.
India's automotive sector that contributes seven percent to nation's GDP, exhibited a strong, 14.41 percent annual production volume growth since 2012. Nearly 2.53 crore automobiles were shipped in FY2017, reports IBEF. Amidst such growth, however, the automobile manufacturers have been facing some serious operational challenges. Tackling these by harnessing digital transformation using core technologies of rapid application development platform (RADP), unified mobile app, and API tools may help auto-companies sustain high growth.
An auto manufacturer heavily depends on external entities. While component manufacturing is outsourced to suppliers, sales are driven by dealers. The post-sales support is offered by authorized service partners (ASPs) and sales finance provided by banks and NBFCs. Communicating with multiple external entities is fraught with operational issues. Let's examine these in detail.
Decision-making delays
An automaker receives information about inventory, sales, and delivery from dealers. Banks and NBFCs provide details about customers' loan eligibility and loan disbursal status. The Enterprise Risk Management (ERM) team gives information like invoicing to dealers, manufacturing speed and stocks. Since all this information is sourced from multiple stakeholders, arriving at a single version of truth proves time-consuming. This, in turn, causes delays in timely decisions.
Procurement issues
Auto manufacturers work with several small and medium-sized vendors to procure made-to-order components from. As they engage with a large number of suppliers, supplier visibility and monitoring supply efficiency become challenging. Companies, as a result, suffer from unpredictable delays and procurement inefficiencies.
Discounting and poor sales
Bu hikaye CIO Review dergisinin July 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye CIO Review dergisinin July 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Cognitive Fashion Design Using AI And Automation
Fashion Industry is one of the top contributors to Global GDP and amongst the highest employment generator.
Blockchain-Based Cybersecurity For IoT
Arumani Subramanian completed AI/ML Information Technology from IIIT Hyderabad and Bachelor of Technology in Computer Science from Pondicherry Engineering College. His keen interest circles around making business profitable by digital innovations, and mapping digital pathway. He is an expert of Blockchain, RPA with right use cases and leads a team of architects and solutions team.
Artificial Intelligence & The Disruptive Chatbot
Chatbot Technology has always been a game changer whether it’s content, data or e-commerce - businesses underwent change to survive due to the changing consumer perception, business value and convenience.
How Financial Services Companies Are Striving Through The Data Age
With experience in account management, corporate account management, and regional sales direct, he is leading the firm.
RPA IN ACTION IN THE FINANCIAL SECTOR
A renowned professional in artificial intelligence, investment banking, managing consulting and profitability delivery, in the industry for 20+ years and consultations for 10+ Fortune 500 organizations.
PayNearby
DETERMINED TO CREATE A DIGITALLY FORWARD AND FINANCIALLY INCLUSIVE NATION
A SNEAK PEAK ON – BLOCKCHAIN TECHNOLOGY
Let’s begin this conversation by focusing on the fundamental aspect, i.e. by ‘Defining Blockchain.’
Impact Of Algorithms On Society
A common dystopian science fiction future is where the robots take over the world.
MULTIPLYING OPPORTUNITIES IN BIG DATA ANALYTICS
The advent of modern computer networks and the democratization of information has exponentially multiplied the amount of digital data being generated.
OMDENA
INTRODUCING NEW FRONTIERS OF PROBLEM SOLVING WITH AI
