LATE PART DELIVERY FORECASTING

Mitigating the Risks of Late Delivery

The importance of delivery forecast is very high. Most OEMs today use old and manually collected data to make part delivery forecasts. This type of data is often inaccurate and full of mistakes. Moreover, it takes an extensive time to gather this type of data.

The result is a logistical and organizational nightmare, resulting in OEMs unable to prevent late part delivery. At the end, there is limited visibility over their external production due to lack of reliable and up-to-date information of their suppliers’ manufacturing activities.

 

Read more about Why Tooling Condition Monitoring Is Important.

The solution to the inaccurate delivery forecast nightmare is simpler than what most OEMs might think. By implementing a digital tooling and mold tracking solution, it enables OEMs to make decisions based on accurate and real-time information, to for example; cost optimize, mitigate risk, implement effective production schedule or reduce stock safety holding.

 
How Usage-Based Preventative Maintenance Save Costs and Mitigate Risks?

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