The Right Components at the Right Time – Formel D Optimizes Dealers’ Stock Management Processes
As an established global quality service provider in the automotive industry, Formel D offers numerous solutions not only in product development and production, but also in the aftersales segment. One focus of aftersales business is dealer enabling. In the summer of 2018, Formel D joined the “Retail Enabling Parts Management” (REPAM) project as a strategic partner, supporting dealers of a premium German manufacturer in optimizing their stock management processes. In the end, both the dealers and the customer benefit.
Successful, efficient stock management is a major challenge for dealers in the highly competitive automobile industry. In many cases, storage and procurement costs are too expensive, parts cannot be found fast enough or frequently used components are out – all which have a negative impact on efficiency. As part of the REPAM project, the Group will help streamline stock management end-to-end for global dealer operations, from start to finish in 2025. Formel D relies on its extensive OEM-specific process expertise in the area of aftersales – a major benefit for dealers.