Automotive update: “Now is the time to drive improvements across your supply chain”
Extreme volatility in demand, spiralling product ranges and increasingly lengthy lead times were all hot topics at this year’s Automechanika Birmingham event. However, in today’s uncertain business environment, maintaining the consistently high levels of availability that consumers demand, was undoubtedly seen as one of the most pressing challenges businesses across the automotive industry face.
The automotive industry is cut-throat at the best of times. However, according to the Guardian, automotive businesses are now at a tipping point. With an evolving political climate as a result of Brexit, rapid advancement of new technologies and a huge shift in car ownership, how can businesses attain the level of supply chain flexibility required to overcome the speed bumps that lie ahead?
Richard Evans, Managing Director at Slimstock UK, explains: “To keep up with ever-evolving customer demand and stay ahead of the competition, it is vital that businesses take steps to improve the efficiency of their supply chain operations now.”
Through the strategic re-alignment of their supply chain, automotive businesses can maximise availability, increase margins and mitigate risk: all whilst injecting invaluable working capital back into the business. Ultimately, through putting in place the right tools, technologies and knowledge, businesses can help their organisation action operational excellence.
With customers including some of the UK’s leading automotive brands such as FPS, Yuasa and Alexander Dennis, Slimstock has helped countless businesses to provide their customers with an industry-leading service level. “Given the speed at which the automotive industry is moving forward, now is the time business leaders must drive performance improvements across their supply chain,” concludes Richard Evans.
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