SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Sep, 2014  

CII Logo THMB Automotive supply chain must collaborate, innovate: Study

Supply Chain generic
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 20 Sep, 2013
Accelerating collaboration, innovation in managing costs, developing capabilities to capture after-market opportunities and developing tailored value chains for exports are some ways players in the automotive supply chain must take to meet future scenario, states a research study.

The study "Building World-Class Automotive Supply Chains in India", jointly done by Confederation of Indian Industry (CII) and consultancy firm AT Kearney, was released in Chennai on Thursday.

The research has identified that one of the challenges is to build a supply chain that is prepared to manage long-term growth, as well as flexible/responsive enough to handle short-term volatility.

Citing industry executives, the study says automotive supply chain has an important role to play as it is a source of competitive advantage.

According to the study, some of the issues that would affect the automotive supply chain segment in India are the long term secular growth and volatility; escalating supply chain costs; increased products; export growth; fast growing after market; shortage of talent pool and others.

To manage the above complexities, the study has suggested that the players should accelerate collaboration across the value chain like supply planning; innovation in cost management like sharing of risks; integrate internal supply chain to external network so as to take advantage of the export potential.

The study predicts automobile and component makers with proprietary technology to play a significant role in the after market. Hence they have to develop shared goals and objectives to enhance the performance of after market supply chain, it said.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter