As a buyer of an automotive company, it is important to analyze the cost impacts that can arise when defects occur in the electronic components used in vehicles. By applying AI (Artificial Intelligence) in the inspection of these components, they can mitigate these risks and reduce the associated costs.
a) Reduction of returns and claims: Defects in electronic components can lead to returns, warranty claims, and costly repairs. By using AI to inspect and detect defects, defective components can be identified and ruled out before they are assembled into vehicles. Likewise, it impacts administrative and negotiation costs with suppliers to recover these costs.
b) Savings in repair costs: Identifying defective components in time during the inspection, prevents these defects from becoming more serious and costly problems in the future. This helps reduce repair costs and ensures customer satisfaction by offering quality and reliable products. As a buyer, you will avoid time looking for urgent repair alternatives, and last-minute negotiations.
c) Supply chain optimization: AI inspection of electronic components can provide valuable insights into the quality of suppliers and their ability to meet required standards. By detecting suppliers that supply lower-quality components or with a higher defect rate, you can make informed decisions about supplier selection and optimize your supply chain.
d) Reduction of warranty expenses: Defective electronic components can result in an increase in warranty prices since the automotive company is responsible for covering the repair or replacement expenses. Using AI at an early stage of component inspection reduces the likelihood of these errors leading to problems during the warranty period. This, in addition to helping to reduce the costs associated with the guarantee, also improves the profitability of the company, and consequently, the image of the company in the market, and with its current and potential customers.
In short, the application of AI in the process and inspection of high-value electronic components in the automotive industry can have a positive impact on costs. By reducing returns, claims, repair, and warranty expenses, you can improve the administrative and operational efficiency, profitability, and competitiveness of your activity by achieving the KPIs of the area and impacting the entire company.
Reference sources:
How Artificial Intelligence is Optimizing the Production Processes of Car Manufacturers https://thelogisticsworld.com/manufactura/como-la-inteligencia-artificial-esta-optimizando-los-procesos-de-produccion-de-los-fabricantes-de-automoviles/
The Impacts on Procurement of a Poorly Performed Inspection