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Aftermarket operations refer to the set of activities that happen after the OEM (Original Equipment Manufacturer) manufactures the parts. This set of activities involves providing spare parts, accessories, and components for maintaining or improving an original product. In this blog, we highlight the importance of efficient spare parts management with the help of an electronic spare parts catalog in the automotive sector. To know more in detail, visit: https://intellinetsystem.blogspot.com/2023/09/streamlining-aftermarket-operations.html
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Aftermarket operations refer to the set of activities that happen after the OEM (Original Equipment Manufacturer) manufactures the parts. This set of activities involves providing spare parts, accessories, and components for maintaining or improving an original product. In this blog, we highlight the importance of efficient spare parts management with the help of an electronic spare parts catalog in the automotive sector. To maintain an efficient supply chain and uphold the brand reputation of any OEM, they need to have an efficient set of aftermarket operations. It means that OEMs should maintain an efficient supply chain for spare parts. This can only be possible if there are set processes and workflows that are constant for all spare and service dealers for an OEM. Intellinet Systems has developed an in-house solution to streamline aftermarket operations, increase productivity, and help OEMs enhance their brand reputation. An automotive OEM's success depends on the efficiency of its supply chain and the availability of service and spare parts throughout its sales demography.
How does it benefit OEMs? Improved Accessibility With the implementation of such solutions in the automotive landscape, there has been a multi-fold increase in the accessibility of catalogs. Earlier, OEMs had to manually go through the catalogs to find the desired spares. But with such applications, accessibility has improved, leading to lesser wait times and eventually enhancing the aftermarket operations. Today, any information can be accessed by technicians/OEMs whenever required. The need for storing huge amounts of paperwork has also been reduced leading to greater efficiency and diminished operational costs. Real-Time Updates Maintaining manual catalogues meant there could be human errors in such documents and the cost of identifying those errors was the same as creating new documents. With the advent of digital solutions, this has been drastically reduced. There are fewer document inconsistencies, leading to faster response times and enhanced inter-departmental collaboration. Such solutions have also reduced the waiting time and implemented solutions quicker with improved accuracy leading to enhanced customer satisfaction. Faster Identification of Parts The digitization in the spare parts catalogs has led to faster identification of parts through visual aids like 3D, images and diagrams. The visual representation of the parts was available in the manual parts catalog too but they were prone to human errors. With electronic spare parts catalog software, it is easier to do keyword searches, filtering and sorting, parametric search, and cross-referencing. These are essential components of modern electronic catalogues and help OEMs swiftly and accurately locate the right spare parts reducing downtime, minimizing errors, and ultimately improving efficiency.
Efficient Inventory Management It is essential to have digital cataloging software for efficient spare parts inventory management. Maintaining manual records is prone to errors but digital solutions, integrated with an organization's SAP and DMS systems automate tasks with enhanced accuracy. These solutions enable OEMs to align their inventory with the market demand and reduce the overstocking and understocking risks. Another added advantage of such solutions is the data-driven insights which help with informed decision-making, optimizing the storage, and maintaining the pricing structure and overall profitability. Such digital solutions help streamline operations and ensure continued sales with a competitive advantage in the market. Reduced Downtime and Maintenance Costs For any organization to thrive, it needs to implement solutions that help minimize equipment downtime by enabling rapid identification of critical components. This helps in reducing unplanned outages which can be a costly affair both in terms of labor and operational costs. The ability of digital solutions’ proactiveness in establishing preventive maintenance schedules by leveraging historical data and utilizing predictive analytics to forecast and mitigate potential issues before they escalate makes such solutions highly acceptable and scalable in today’s competitive environment. This streamlined approach enhances productivity leads to significant cost savings, and prolongs the equipment lifespan ensuring a cost-effective and reliable operational environment. To know more in detail, visit: https://intellinetsystem.blogspot.com/2023/09/streamlining-aftermarket-operations.html