Automotive

Aon Global Insurance Services estimates that the cost for recalling one automobile model can be as high as $250 million - based on transportation charges, advertising costs and storage facilities  – yet this figure does not include the cost to company reputation and customer loyalty.

 

With a renewed focus on product quality and regaining customer loyalty, the automotive industry is committed now more than ever to safety and reliability.  In today’s automotive market, rapid design is important for customer acquisition and market share, but makes it hard to maintain quality due to so much change. The historical kaizen model of slow incremental improvement is challenged by the new design realities and the need for immediate changes to design and production.

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Challenge Solution
Recalls, voluntarily initiated or otherwise Standardize Quality Assessments and Integrate Risk Management Processes – The automobile industry has driven industry standardization in the quality systems used across the supply chain for product quality, reliability and safety. Stature is a platform for innovative, integrated, and intelligent quality risk management, providing organizations with the ability to understand quality issues, lower costs, improve safety and drive service delivery.
Minimal transparency into Quality Risk Management practices by senior leaders Act decisively – Effective quality risk management with Stature allows senior leadership, stakeholders and program management to make better decisions with more accurate information.
Integrate quality throughout the product lifecycle  Integrate Workflows – Stature provides organizations with a lifecycle approach to quality risk management. Risks and quality issues are assessed at each stage of product development and fully integrated. Design defects can be prevented, before a product hits the manufacturing stage, and repeat errors are drastically reduced.
Legacy quality management processes, systems and infrastructure that increase exposure to risk Integrate Quality Management Processes – Stature is a platform for innovative, integrated and intelligent quality risk management, providing manufacturers with the ability to understand and mitigate risks and lower costs, improve quality and drive service delivery. 
Inconsistent quality culture and weak or unenforced policies for managing risk Drive Quality Culture – Using Stature you can develop a consistent framework for quality management across your operations and embed quality risk management and governance into your culture.  
Lack of a consistent, standard format for risk identification, analysis and mitigation, making information sharing across functional groups difficult Reduce silos – A common quality framework across your organization ensures that everyone is speaking the same quality language, helps develop a unified quality culture and ensures that you are always aware of the risks that can impact your business.

Long reporting cycles that render information out-of-date and limit immediate action

 Automate Key Quality Processes – Stature takes mission-critical business processes and makes them actionable. By automating the business process, leadership can be confident that key risk processes are being actively managed, monitored and mitigated. Integrated escalation, notification and scenario-based lifecycles ensure all aspects of quality are covered.
Reduced budgets and resources to effectively manage risk  Maximize Resources – Stature ensures that your quality management and audit teams are spending less time gathering information and more time lowering risk.