How IoT is Disrupting Auto Parts Manufacturing – From Product Release Lifecycle to Catalog Management
These days, when technology is unable to process information at near instantaneous speeds it’s a relic. We’re all familiar with the Internet of Things: the connected ecosystem linking every device, where information is shared in real time and almost anything is just a click away. For auto parts manufacturers, achieving this level of interconnectivity and agility is the holy grail, but adapting internal processes, from product release lifecycle management to catalog creation, is a daunting task.
There’s an old adage: it takes a village. Nowhere is this more true than manufacturing. The sheer amount of time and effort that goes into developing product information, application data, images, ensuring compliance to the latest standards and finally delivering these products to market is simply staggering. Time isn’t the only cost, though; big processes require big teams.
Even today, certain catalog management solution providers are ecstatic to declare that their “new and improved” solution cuts time to market by 50%, down to 45 days. But in our connected world, that 45 days may as well be an eternity. IoT is still in its infancy, but it has already delivered some powerful innovations. One of these is blockchain which, while currently localized to the financial sector, has the potential to not only revolutionize our industry’s supply chain, but all of them. In today’s markets it’s all about speed, agility and getting rid of the middleman. Imagine the implications if everyone, from buyer to supplier, had access to the same information at the same time. Not only would every party be able to instantaneously determine what stage in the process the other is in, they could use this superior visibility to reduce costs, accelerate time to market, and drive sales – all by removing the needless barriers constructed by an antiquated system. There is no debate. The future is the centralized workspace.
Of course, to capitalize on these innovative technologies manufacturers must embrace cloud-based solutions agile enough to weather evolving technologies, flexible enough to scale to any size, and sophisticated enough to be future proof, regardless of what comes next. With cloud, there’s no hardware to buy, no software to install, and no need for internal IT departments. With the speed at which these innovative technologies enable information sharing, businesses will be able to streamline manufacturing processes and gain deep intelligence into every aspect of their business.
A dedicated Product Information Hub, like VroomBox, can get your products ready for sale in minutes, not days. Create, modify, or share content with whoever you want, where ever you are. And, because the SHIFTMobility network is just that, a connected ecosystem, you can do all this and more from a single cloud based hub. Within this connected ecosystem, vehicles are becoming the drivers of demand for products and services. The automotive industry and its complicated supply chains are in the midst of massive transformation. Don’t be left behind, embrace the disruption and lead.
Melissa Madrigal, Director of Technical Business Development