Infoworld mainly focuses on solving these challenges
Constant Fluctuations in Industry Demands:
The market demand for automotive components can change rapidly due to various factors like technological advancements, changes in consumer preferences, and regulatory changes.
High Volume Business with Low Margins:
This industry often operates on high volumes but low margins, requiring manufacturers to be extremely efficient in their operations.
Frequent Changes in Retrospective Billing Rates:
Manufacturers must frequently adjust pricing and billing rates based on contract terms and market conditions, which can be administratively burdensome.
Inefficiencies in Production Resource Management:
Efficiently managing production resources, including labor, materials, and machinery, is critical but challenging.