Managing Inventory Flow in the Automotive Industry

Due to the fierce competition in automotive manufacturing on the global market, every manufacturer makes great efforts to maintain their competitive edge. One effective way to develop competitive advantage is to effectively and effectively manage inventory movements. Understanding the basics of the stock stream of car stereo products contributes to effective management and ultimately creates competitive advantages.

The flow of car stereo products from raw materials to end products to customers, which includes material purchasing and value-added processes. In the product manufacturing process, internal integrated management is the key to success. At the same time, companies need to integrate throughout the supply chain. In today's competitive environment, companies need to fully integrate their business integration to connect customers and suppliers in all available aspects.

materials and finished products. From the beginning of the material acquisition, car audio products added values ​​during inventory movement. The value of inventory of materials and components will eventually become ready for each production process. It deals with the storage and movement of materials and finished products in terms of inventory flow. Starting from the beginning of the purchase of materials, car radio products are added to the manufacturing process. The value of inventory of materials and components will ultimately become the final stock of all manufacturing processes.

1. Market distribution.

Market distribution of car radio products is the movement or flow of finished products to customers. In the market distribution, the availability of the product is an essential element of positive marketing effort. Even the ultimate retailers or distributors of the supply chain should be supported by the availability of the product to succeed in doing business, although in some cases they do not need to have automatic radio sets themselves. Only when a reasonable inventory level is available for the next level of customers is customer satisfaction and marketing responsibility available. If the desirable car stereo products are delivered to customers efficiently as needed, a flourishing marketing effort will be achieved. Therefore, through the complete distribution of automated radio products, good timing and inventory positioning is a vital and integral part of marketing success. Some distribution distribution systems need to be introduced into the supply chain to ensure efficient and effective market monitoring and control. No matter what kind of marketing distribution systems should be applied, the common feature of the system used is to maintain the availability of products by integrating manufacturers, agents, distributors and retailers.

. Production aid.

The primary purpose and responsibility of manufacturing support is to manage workflow stock across the entire production process. To support the production of car stereo products, you need to create and implement a master production schedule to get the product's availability as desired. Therefore, production support is more than production, but it places more emphasis on when, where and how many car audio products are made.

Significantly different from market distribution, manufacturing support includes inventory movements and are under full control and control of the manufacturer. Production aid must be able to reflect and satisfy the uncertainties inherent in the distribution phase of the market, such as random order and demand other than customers. A successful strategy is important to foster business support by linking outbound demand with marketing delivery and component and material procurement incoming activities. The company must adopt an appropriate strategy for improving efficiency and efficiency

3. Purchasing.

Public procurement focuses on materials or components that purchase and organize incoming movements of automated radio products, from suppliers to inventory inventories to manufacturers. During the procurement process, the materials and components are placed in added value-added processes during production and thus become products that are ready for sale. The procurement area facilitates the procurement of materials and production support in product distribution.

In the car stereos industry, the above three aspects sometimes overlap with a supplier. In order to win a successful business, suppliers need to concentrate on all three aspects of inventory flows. Understanding the specific features of these aspects will help the affiliated company to promote overall efficiency and efficiency

Source by Gile Lai

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