With technology advances over the last decade, automotive businesses can now easily obtain enhanced location-based data – from within a facility and across the world – that helps them make better-informed critical business decisions.
When used well, location-based data may be a game-changer. Location intelligence can enhance visibility on all levels of the business – supply chain, production, dealership, and predictive maintenance. It excels at revealing potential risks, real-time supply-chain issues, patterns causing bottlenecks, and opportunities for efficiency, optimization, more effective customer service, and predictive maintenance.
Here are five ways automotive businesses can use location intelligence to optimize their business:
Manage and mitigate risk
Natural disasters like hurricanes, floods, earthquakes, and wildfires can cause tremendous losses of inventory, especially for distribution centers and dealerships. Businesses cannot prevent these calamities, but location intelligence that gives complete visibility into the events and their potential effect on supplier locations can help managers act quickly to mitigate – and even avoid – damage to vehicle inventory and other assets.
Direct alerts of hurricanes, major flooding, and other events give businesses extra time to make decisions and transfer incoming inventory to a safer location, avoiding suffering a potential loss.
Upgrade supply chain management with enterprise visibility
Integrating data on one platform enhances location intelligence with real-time awareness of all risks affecting operations: information from satellites on severe storms; data from sensors tracking parts shipments or vehicle deliveries; and business data like orders and production-planning events.
Complete enterprise visibility through data integration can keep products, operations, and provide chains moving efficiently. Staff can make better-informed – and typically fewer – decisions and respond quickly to the need at hand.
Spot issues inside production facilities
Just as global disruptions can cripple the availability chain, issues within a facility can jeopardize the whole production process and therefore the final vehicle’s on-time delivery.
Real-time location intelligence can ensure production managers are quickly notified if a component is held up on the production line while waiting for a resource (automated or human) or another part or tool. Complete visibility from location intelligence helps production managers make quick decisions to correct bottlenecks before hours or even days are lost. It also helps them evaluate behavior patterns and propose changes to repair them.
Monitoring materials and subcomponent locations throughout the manufacturing process can increase efficiency and quality also limit the scope and impact of potential end-product recalls – protecting a company’s reputation and meeting customer safety requirements. Tracking tool locations within manufacturing facilities and repair departments also can reduce time lost trying to find tools and eliminate replacement costs for tools that can't be found.
Keep track of keys, vehicles, and assets
At dealerships with large numbers of vehicles on multiple storage lots, vehicles and keys are often misplaced. Adding technology that tracks the situation of every key and every car could help a salesman quickly identify the key location, also because of the storage lot and precise location of a specific vehicle.
Key management systems also use location intelligence to determine which employee has accessed which keys and where the keys are at the moment. These key management systems also ensure the security and safety of your assets as they immediately alert if keys are moved outside the geofencing set by you.
Predict maintenance and closely track and avoid problems
Autonomous vehicles are capturing many terabytes of knowledge, including location information. Integrated with road network data, construction schedules, and weather, this location data can provide valuable insight into the wear and tear and tear on a vehicle to complement the analytics for predictive maintenance. Obtaining predictive maintenance analytics for vehicles by location can help make sure that the availability chain is capable of handling the upcoming service requests.
Additionally, temperature, humidity, and other sensor data are often captured both during production and on the road then analyzed to help find the basis explanation for problems as they arise.
Location, location, and more location
Location intelligence may be a vital aspect of the automotive industry from the availability chain, through manufacturing and distribution, security and has its application in almost every field. The vast amount of location intel available today – alongside the decreased cost of sensors, tracking devices, and infrastructure – means especially that the automotive companies can have more and more enhanced location-related data at their fingertips to optimize operations, reduce risk, increase efficiency, and better serve customers.
Apptom offers you services for all your business needs, from Vehicle Tracking Solutions and Fleet Management System. We help you in optimizing your operations and business while you focus on the growth of your business-- Get in touch with us today!
This blog was written by Darshita for Apptom.
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