Operations and Supply Chain in Automobile Industry

Rohit Juneja; Prof. Dr. Vivek Aggarwal

doi:10.36948/ijfmr.2024.v06i02.17071

Operations and Supply Chain in Automobile Industry

Author(s)	Rohit Juneja, Prof. Dr. Vivek Aggarwal
Country	India
Abstract	Profitability, customer satisfaction, and innovation in the cutthroat automobile industry depend on well-managed operations and supply networks. Managing operations and supply chains in the automotive industry is complex, and this paper lays forth a comprehensive framework for doing so. An integral part of effective operations management in the automotive industry is demand forecasting and planning. Using collaborative forecasting methodologies, market trend analysis, and advanced analytics, automotive manufacturers can improve production schedules, minimize inventory costs, and foresee changes in demand. Reducing waste, enhancing process efficiency, and managing low inventory levels are all achieved through the use of lean manufacturing techniques like Just-in-Time (JIT) production and Total Productive Maintenance (TPM). Collaboration with suppliers, uninterrupted material flow, and supply chain innovation can all be achieved through supplier relationship management (SRM). Automakers may enhance product quality, cut costs, and lessen supply chain risks by communicating openly, working together to improve processes, and forming agreements that benefit all parties involved. Automobile companies can't afford to have any product flaws that damage their reputation or the loyalty of their customers, which is why quality management is so important in this industry. Statistical Process Control (SPC), Failure Mode and Effects Analysis (FMEA), and Six Sigma are a few of the rigorous quality control methods that manufacturers use to find and rectify flaws early. This helps them maintain high quality standards and meets client needs. Improving operational efficiency and lowering costs in the automotive supply chain are greatly aided by inventory management. By balancing inventory carrying costs and service levels, automotive manufacturers can improve supply chain agility and responsiveness through the use of advanced inventory optimization techniques such as ABC analysis, safety stock optimization, and demand-driven replenishment strategies.
Field	Business Administration
Published In	Volume 6, Issue 2, March-April 2024
Published On	2024-04-30
Cite This	Operations and Supply Chain in Automobile Industry - Rohit Juneja, Prof. Dr. Vivek Aggarwal - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.17071
DOI	https://doi.org/10.36948/ijfmr.2024.v06i02.17071
Short DOI	https://doi.org/gtsnw9

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Operations and Supply Chain in Automobile Industry

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