In Part 1 of this two-part series, we began by discussing how a perfect storm for inefficiencies and risk has been brewing – especially for automotive suppliers.  We identified the quoting phase and its related processes and activities as a key source of this risk as visualized by the Risk Quadrant graphic below.  To overcome these challenges, we suggested that a product lifecycle management (PLM) platform be used.  In the second part of this series, we’ll explore the value a PLM platform can provide and the specific operational activities that PLM facilitates.

Automotive suppliers face a combination of market forces that have created a unique business environment – an environment where uncertainty and unmitigated risk are eroding profit margins.  Why are other manufactures immune and what’s so different about automotive suppliers?  High volume production combined with product and tooling complexity create a perfect storm for uncertainty and risk.  This article deconstructs these risk factors and explores strategies and tools to calm the storm.