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machine orders slump
Machine tool orders have been trending downward since 2021. When fewer orders are placed, OEMs are making fewer sales and experiencing revenue disruptions.
Spare parts management is more than a back-end OEM priority; it has major implications in the real world. With the right practices and technologies, dealers and OEMs can work together to ensure part availability
As skilled technicians become increasingly scarce, consumer expectations for products and services continue to rise. In this era of significant globalization and effortless global access to products, delivering superior services stands out as a crucial differentiator from the competition.
Achieving true customer-centric excellence extends beyond merely digitizing and streamlining operations within isolated entities. It requires a robust collaboration between OEMs and dealers, a partnership that is vital in today's highly competitive environment.
During harvest season machine downtime can jeopardize a year of hard work. That's why ensuring machine uptime is vital for OEMs.
Optimizing OEM Success, download the blog article to learn about proven strategies to boost fill rates and elevate customer satisfaction.
Effective warranty KPIs and management is crucial for meeting customer expectations, identifying trends, and fostering collaboration.
In a hyperconnected supply chain, precise data increases customer satisfaction and fill rates, while eliminating challenges for OEMs.
The bullwhip effect is a supply chain phenomenon that occurs when small fluctuations in demand lead to large distortions down the supply chain. Read the full article to become a supply chain expert.
Increasing and being aware of your fill rates sets the stage for satisfied customers, increased sales, and improved supply chain efficiency.
The Goal of OEMs is Making Aftersales Success Measurable. This blog article showcases actionable insights on improving performance.
In the automotive industry, the aftersales market is expected to reach $589.01 billion by 2030. These are the top 5 Aftersales Trends in 2024.
The world for OEMs and many other companies has changed drastically. To meet customer expectations a supply chain management strategy is key. Competition is no longer between companies, it's between supply chains.
In the machine manufacturing industry, Original Equipment Manufacturers (OEMs) and their independent service channels face significant challenges due to fragmented service solutions. OEMs offer their dealers a wide range of applications, including order systems, service dispatching, warranty claim systems, and numerous other services.
The aftermarket service industry offers OEMs a lucrative opportunity to better meet customer needs. Despite this, the average manufacturer is only capturing 25% of its customer’s total service spending on its products. This not only loses you valuable profit margin, but also contributes to your competitors’ aftermarket business. A lose-lose.
Inventory management is a critical component of any heavy equipment OEM’s business, especially when it comes to spare parts components which typically have to be available at any given moment. However, this is easier said than done. Having the right parts at the right time in the right place to ensure high fill-rates and limited downtime requires a lot of connectivity and visibility.