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Roadblocks in the Supply Chain of Automotive Industry – Request Free SpendEdge’s Platform Access to gain Detailed Insights

December 2, 2019

LONDON--(BUSINESS WIRE)--Dec 2, 2019--

SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest article on the roadblocks in the supply chain of the automotive industry.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191202005682/en/

The complexity of the supply chain makes it imperative for companies in the automotive industry to keep constant tabs on their supply chain management systems. The sector has shown impressive growth in recent times and is considered to be a promising sector in terms of technological growth and profit gains. But on the other hand, there are several challenges facing small and medium companies that are extremely difficult to handle. Strategic supply chain management, therefore, must be a top priority for companies in the automotive industry.

Wondering how understanding automotive industry challenges can help you devise effective supply chain strategies? Request a free brochure to gain insights into our customized solution portfolio.

SpendEdge offers customized procurement market intelligence solutions to help companies across various industries make better supply chain decisions, stay informed, mitigate different types of supply chain risks and gain a complete picture of the supply market. Our solutions help procurement and supply chain professionals to transform structural capabilities, improve execution efficiency, and fast-track time to savings.

Supply Chain Challenges that are Impacting Automotive Companies

Overstocked Inventories

Despite witnessing steady growth, companies must not take undertake extensive production. They must ensure that they are neither understocked nor shortage in the supply. Correctly estimating the demand and aligning the production capacity to meet industry demands is one of the biggest challenges companies face. They require a third-party logistics partner to maintain a balance in production and supply.

Want to know how you can better manage inventory and reduce overstocking? Reach out to our experts for specific insights.

Rising Recalls

The automotive industry needs to understand the cost associated with the recall process. There can be supply chain issues that can tarnish the name, disrupt the system, and impact the brand image in the market. Consequences can be adverse if the operations scale to a global level. The recalls in case of any defect to the product in the automotive industry can damage the brand name as the customer’s safety is at stake.

Improving the recall process is critical for companies to boost their brand value. Register for free and gain instant access to 1000+ procurement reports.

Just-in-time operations

When operating internationally, companies must incorporate just-in-time strategies to gain complete visibility of each element in the supply chain. Procuring access to accurate data can help firms create a plan for future growth. It can significantly reduce costs and other losses.

To obtain more information on the supply chain challenges in the automotive industry, read the complete article here!

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About SpendEdge:

SpendEdgeshares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20191202005682/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

KEYWORD:

INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT RETAIL

SOURCE: SpendEdge

Copyright Business Wire 2019.

PUB: 12/02/2019 11:59 AM/DISC: 12/02/2019 11:59 AM

http://www.businesswire.com/news/home/20191202005682/en