Sales markets no longer end at national boundaries in a globalized economy. Major distributors are pursuing increasingly aggressive international expansion strategies towards tapping into additional growth potential in the independent aftermarket (IAM). Companies in the international aftermarket need to set up a globally consistent IT base complete with an ERP solution geared to the automotive industry to keep the exchange of data and products smooth and seamless.
Expanding international transport routes and digital communication technologies have made it far easier to place local business on a global footing for many companies compared to several years ago. The benefits are obvious: Wider geographic reach taps into new sales potential. Higher production volumes increase profits. However, market internationalization also leads to intensified competition on the local market. Keeping a healthy bottom line in global business increasingly requires efficient processes from companies.
Flexible ERP solutions as a basis for the automotive industry
A functional data exchange between international locations with maximum automation plays a decisive role. A consistent and flexible ERP solution to merge data from global sources is more important than ever amidst advancing digitalization.
Specialized cloud-based ERP solutions geared to the automotive industry provide a variety of benefits, especially in companies with an international orientation. First, they provide smooth, seamless data access from different countries. Second, the system benefits from lean administration such as in centralized software updates and technical innovations rolled out across all the locations in one fell swoop.
Addressing increasing competitive pressure with the right ERP solution for the automotive industry
Merging data from every international location into a uniform ERP solution for the automotive industry increases transparency and improves efficiency, especially in shipping, logistics and inventory management. This results in better, faster customer service and a healthier bottom line. A uniform data platform also creates opportunities to improve data analysis. This in turn creates insights for consideration in future business development.
Conclusion: There is enormous potential for international expansion. However, this comes with ever-tightening competition. An ERP solution geared to the automotive industry will help companies to hold their own on the market. Data at a glance, competition under control.