One of the biggest challenges brought by COVID-19 pandemic that we, as an industry, are facing, is ensuring the supply chain remains undisrupted. The supply chain of the automotive industry is unique as compared to the other sectors, because of the given number of stakeholders involved, the new disruptive trends, availability of raw materials that require global coordination and adhere to strict timelines. This has also helped the industry evolve and create one of the best supply chain systems across sectors.
In a joint report by Thomson Reuters and AIAG, the concerns regarding the automotive supply chain are exacerbated by the acceleration towards electrification and automation, as well as the demand for more features in standard vehicles at a lower cost. However, there are always newer systems that can be implemented, which can help optimise processes.
ERP Systems: Enterprise Resource Planning (ERP) in SCM is very critical for manufacturing and distribution business as it helps in gaining greater transparency and managing business information, integrating various systems, working processes, and ensuring optimal operational efficiency.
This story is from the June 2020 edition of The Machinist.
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This story is from the June 2020 edition of The Machinist.
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