When we put together the increasing strategic importance of spare part business with the inherent complexity in managing this business, we can appreciate the complex challenges and the large business value of spares supply chain excellence for Auto OEMs. The best in class performers will manage their spare parts business in a forward looking and advanced analytics driven manner when it comes to spare parts demand forecasting, inventory optimization, and integrated business planning across the multi-enterprise landscape.
I will cover the following areas in this post for Automotive Spare Parts Businesses:
1. Growing Strategic Importance of Spares
2. Maturity Stages: Crawl-Walk-Run
3. Organization Structure Choices
4. Multi-tier Distribution Network
5. Forecasting & Planning Challenges
6. Forecasting & Planning Strategies
7. Supply Chain Performance / KPIs
8. Closing Remarks
..."
To read the full article, please visit this link.