Automotive Sector
Is one of the sectors that is mostly affected by all technology evolution and innovation. Connectivity, software-based systems, autonomous technology, will increasingly allow the car to become a platform for drivers and passengers to use their time in transit to use all state-of-the-art forms of media and services.
This will require upgradable cars, challenging the automotive manufacturers to have modular products to deal with a highly competitive and global industry, requiring a Lean supply chain, just-in-time production planning processes, and a Six Sigma quality level.
The ISO TS 16949 standards is the globally recognized quality management standard for the automotive industry. It brings together standards from across Europe and the US and provides a framework for achieving best practice with regards to the design and manufacture of products for the automotive supply chain.
The continuous increasing challenges and complexity in the Automotive Sector can be supported by either Operational & Maintenance Excellence and Asset Management programs, that will provide improvement of the internal processes, Overall Equipment Effectiveness – OEE, with a high level of asset utilization with low risk and controlled costs.
In addition, digital processes will help transform current business processes to drive profitability, with a holistic view to ensure the implementation of needed changes throughout your organization.
Asset Management in Automotive
The overall size of Automotive operation is huge and requires staff, plant machinery, spare parts, equipment, and facilities, all known as assets, therefore the management of automotive assets is essential for helping to monitor and track a business’ most important assets.
Deploying an effective asset management solution, based on asset management best practices will allow businesses to govern processes such as acquisition, maintenance, operation, renewal, and disposal of assets in an efficient manner. Eventually, a detailed approach to the management of automotive assets will enable asset managers to make informed decisions based on accurate data and help to improve the financial and operational performance of assets.
By evaluating the Asset Management Status against best practices your company will identify the priorities and ways to achieve the best balance for all initiatives to implement an adequate Asset Management including digital solutions and business processes that will impact business results driving to:
- Reduction of the total costs of operating assets
- Reduction of the capital costs of investing in the asset base an asset life cycle cost
- Improvement the operating performance of the assets (reduce failure rates, increase availability, etc.)
- Improvement of the regulatory performance of the organization
- Reduction risk (HSE, Quality)
