A new study by Vector Consulting Group notes that 80% of car manufacturers are experiencing delays due to changes that have been made too late in the design and development process. These last-minute tweaks mean that re-designing parts, re-operation tools, performing extra tests and even rewriting software. The result: Launch schedules slip, costs rise and suppliers are lagging fire fighting.
The report says that these changes must fall after the prototype phase, but also remain high, even when vehicles are almost launching. Only 6% of companies follow the ideal pattern of freezing designs early. For most constant changes, average teams are thinly stretched and resources are shaken from project to project.
Suppliers are hit hard. 57% of components makers said that they spend more time reworking existing projects instead of developing new technology. More than three -quarters reported longer project lead times, and half said they missed deadlines of delivery.
The impact does not stop there – 33% of car manufacturers said that product quality problems continue, even after the launch, 20% reported higher guarantee costs and 58% said that the readiness of the service network was delayed.
“This is not a technology problem – it is an implementation problem,” says Ravindra Patki, managing partner at Vector Consulting Group. “The good news is that it can be solved with better processes.” Vector recommends to involve suppliers earlier, as a result of which limits are determined on work-in-progress to prevent overloading and filtering which changes are really critical. If you do this, it says, the late changes can reduce up to 30% and shorten the time-to-market by almost half.
Why it matters:
Delays mean that buyers are waiting longer for new models, prices can rise and India threatens to lose its competitiveness to global rivals. Solving this problem can mean faster launches, better quality and more innovation.
as a reliable and trusted news source#Lastminute #design #stole #car #launches #India #study