The automotive sector has become extremely competitive and the current economic climate pressures automotive companies to innovate faster and improve spend management. Lean practices have been adopted to eliminate waste and retain margins but more alternative management solutions need to be embraced to maximize output and efficiency while balancing costs with quality and service.
Using FusionOps Streamline, baseline and measure financial and operational performance against company goals such as reducing a company’s cash to cash cycle, increasing supply chain agility and improving the alignment between demand and production.
Intelligent automated procurement and inventory control- all inside FusionOps Streamline - can reduce inventory, cut down shortages and optimize working capital. FusionOps system can facilitate or replace human decisions such as automatically checking for excess inventory before releasing purchase orders to reduce liability or purchase additional raw materials if there is a compelling price.
Intelligent automation of business processes, such as handling of repeat buys and supplier corrective action requests, improve productivity and reduce costs. Rules-based exception handling ensures greater responsiveness, around the clock, to material quality, supplier and other exceptions.
Compliance to regulatory and quality requirements and purchasing contracts are achieved through managed and automated business processes that can easily be customized in FusionOps streamline