Revolutionize Automotive Manufacturing through Serialized Inventory Solution

The world of automotive manufacturing is a challenging and competitive place. The choices available to the buyers' pits car manufacturers against one another, bringing the price down and squeezing margins to their limit. Competition is becoming fierce due to globalization in the market. Car manufacturers are now trying hard to become major players in the global automobile market as many companies challenging the traditional product model at a fraction of the price.rnIn this highly challenging marketplace, serialized inventory solution for parts and components management is providing to be an essential strategy for automotive manufacturers trying to remain in the competition. Here are some factors that have led to the serialized solutions revolutionizing efficiency throughout the automotive supply chain:rn1. Shipping and ReceivingrnSerialization comes into play even before parts and components are shipped to the manufacturers for assembly. Assigning a unique serial number to individual items from suppliers facilitates automated receiving and streamline the supply chain process for the next steps. Goods can be compared to data in an inventory system, significantly improving shipping accuracy and cost recovery for incorrect shipments, creating the perfect supply chain.rn2. StagingrnThe serialized solution goes beyond the dock doors by making the entire staging floor visible. Through their unique serial numbers, misplaced items can be identified, located, and corrected in real-time, minimizing the impact of human error that can lead to costly delays.rn3. Dock Door DiscriminationrnConventional dock door readers have the potential for inconsistent performance, which decreases system accuracy and functionality. Expensive software is required to account for these failures. Serialized systems eliminate these issues, resulting in substantial cost reductions through highly reliable and accurate item tracking.rn4. Non-Conforming Materials ManagementrnNon-conforming materials (NCM) from suppliers clog the arteries of automotive industries. The manufacturers have to employ manual, laborious, and error prone process to sort out this material that may take weeks to resolve a bad lot. On the other hand, inaccurate inventory distorts materials demand forecast and delays cost recovery. Serialized inventory management software can cut down processing time for NCM management from weeks to days, to error-free process and provide reliable data to inventory, finance, operations, and other stakeholders. rn5. Work-in-ProcessrnSerialization can be used to synchronize assembly flow so that components and equipment are where they need to be at the right time, keeping production lines running smoothly. Automotive companies with global supply chains that integrate parts and components from multiple sources can reduce inefficiency and loss while optimizing production with serialized inventory management solutions. rn6. Content VerificationrnIt’s not only standard vehicle manufacturing that can benefit from serialized solutions. High-value specialty vehicles, such as ambulances, bulletproof or armored cars, use nonstandard components that can be serialized to verify that the right part is added to the right chassis as it passes down the production line.rn7. Lot ManagementrnIn post-production, serialized tracking can be used to locate any vehicle, even within a lot of thousands of identical vehicles. The unique serial number can be associated with the Vehicle Identification Number (VIN) and the car’s manufacturing history, so that rework is completed properly and speedily and finished cars are shipped to the right destination.rnThe Bottom LinernAsset tracking and supply chain solutions using Serialization technology are creating a new level of efficacy for automotive manufacturers anticipating to maintain profit margins in this most competitive of industries.