Managing Tomorrow's Risks with FMEA
Car ownership has grown dramatically across the globe, shaping the world’s economy and how billions of people go about their lives. The Automotive industry alone provides direct and indirect jobs to 13.8 million people in Europe, more than 8 million in the US; and more than 5 million in Japan (McKinsey, 2019). Today, we live […]
Reverse FMEA, a Big Revolution for Automotive.
Reverse FMEA (Failure Modes & Effects Analysis) is one of the most recent tools used for continuous improvement, which I personally consider a revolution in the field of risk management. Reverse FMEA is used to enhance the PFMEA, since it’s based on on-site observation. However, before we approach Reverse FMEA further, let’s make sure we […]
Mitigating OEM Supply Chain Risks with AuditComply
Original Equipment Manufacturers (OEMs) are always exposed to business critical risks from unforeseen supply chain vulnerabilities and disruptions. These can include quality failures, financial risks, supply chain interruptions, IT failures, cybersecurity breaches, and product defects among others. For OEMs, the lack of transparency and inability to communicate in real time with their sub-suppliers adds to […]
Reducing Risks in the Automotive Industry
The Automotive Industry is entering a new era, driven by an increasing shift towards electric and hybrid-powered vehicles, artificial intelligence and automation in manufacturing. In this new era, the emergence of fast-evolving digital technologies, increased regulatory pressure, supply chain interruptions and global economic uncertainty are key factors on the risk landscape. It’s clear that failure […]
Combining VDA 6.3 with AuditComply
The automotive industry is stuck in a position where it is heavily dependant on the quality of its supply chain operating at the highest standard, regardless of a vehicle’s price point. In such a lucrative industry, quality assurance and visibility between supply chain and automotive brands could be a potential fatal flaw. Headlines emerge frequently […]