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Automotive supply chain must collaborate, innovate: Study
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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.
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