With the economic downturn and the impact of the epidemic, the highlight of the auto industry may never return. The depressed sales have cast a shadow of uncertainty over the whole industry. Changing market demand, more stringent policy guidance requirements, the impact of the epidemic supply chain uncertainty All kinds of risks are coming. Dear auto parts enterprises, are you ready? Ready or not, it has come. In response to the crisis, we might as well listen to McKinsey’s leaders? “The deeper the digitalization of enterprises, the stronger the ability to deal with risks!” Mr. Wang Ping, partner of McKinsey, said. Don’t ask what is the key to help auto parts enterprises deal with risks, auto parts manufacturing ERP is absolutely the best choice for auto parts enterprises! So, how can it help auto parts enterprises cope with risks? Let’s take a look at:
What are the risks faced by auto parts enterprises?
In its white paper on digital transformation of auto parts enterprises, acloudear, an expert on digital transformation of auto industry and SAP platinum partner, talked about six major risks and challenges faced by auto parts enterprises under the epidemic situation, and said that these challenges were aggravated by the impact of this year’s epidemic situation.
In fact, the risks faced by different auto parts enterprises are not exactly the same. For example, “Auto Parts Factory circulation system” and “non Auto Parts Factory circulation system”. The former challenges mainly lie in four aspects: supporting system, quality system, cost pressure and brand; the latter mainly lies in brand impact, intensified market competition, business impact on circulation channels and global competitiveness Expansion and lack of large-scale production lead to high cost and unstable quality, which affect experience.
What kind of countermeasures are needed under the risk?
In the face of risks, we need to first analyze the pain points, and then analyze the enterprise priority strategy (business digital transformation). In the white paper, experts in the digital transformation of the automotive industry put forward five countermeasures, the first of which is: customer-oriented!
How can ERP help enterprises cope with risks?
In fact, whether it is auto parts industry or auto parts manufacturing enterprises, the best way to deal with the risk is undoubtedly to realize the digital transformation with the help of auto parts manufacturing ERP. For this reason, acloudear, a digital transformation expert, made some suggestions.
We might as well take SAP auto parts manufacturing ERP, which is selected by the world’s top 100 auto parts manufacturers, as an example to see how it helps enterprises cope with risks.
Build a unified digital core platform, establish an agile management architecture on the cloud, realize the free flow of digital in the major processes of the enterprise through comprehensive integration and intelligent cloud, and help the enterprise to realize the integrated management transparently and in real time. It is precisely because of the agile architecture that we can make a rapid full value chain response to customer problems, reduce the risk cost of problems, and improve customer satisfaction.
Of course, these are just one of the aspects. The most important thing is that SAP cloud ERP helps auto parts manufacturing enterprises establish end-to-end process management based on the five strategic priorities (business processes) of the enterprise, so as to help enterprises realize rapid transformation. Auto parts manufacturing ERP under SAP industry 4.0 architecture can provide enterprises with integrated solutions covering the whole value chain system, and help manufacturing enterprises including auto parts enterprises realize six major benefits
• Improve product innovation capability
• Improve business innovation capability
• Enhance the value network collaboration between customers and suppliers
• Improve operational predictability and resource utilization efficiency
• Reduce enterprise operation cost
• Intelligent decision making and continuous optimization of big data analysis
However, once we have an agile architecture and a digital core management platform, the internal operation or external connection with the supply chain and customers will become more smooth. It’s also more flexible and agile to deal with any sudden risk, but it’s too superficial to think that’s enough.
In order to comprehensively deal with the risks faced by the enterprise parts manufacturing enterprises,
We should not only understand the current situation of enterprises, but also understand the trends and market changes,
Under the guidance of the digital transformation strategy to deal with risks, the digital transformation should be started,
Search and download “acloudear white paper on digital transformation of auto parts manufacturing enterprises” to provide you with comprehensive reference,
Risks are everywhere, and transformation is imperative,
I hope everyone can benefit from it and make a rapid and successful transformation!
This article "Auto parts manufacturing ERP, how to help enterprises deal with risks" by AcloudEAR. We focus on business applications such as cloud ERP.
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