A key aftermarket challenge is catering for variable demand patterns and reduced volume requirements – both of which are common within the aftermarket, and especially when a vehicle reaches its ‘end of life’ and is taken out of production. As well as catering for often very low volume demand and short lead times, is the additional complexity of accurately kitting (often using parts from multiple manufacturers), bagging, branding and labelling. The large inflexible volume manufacturers find these demands very challenging and often disruptive to their core business.
Under the Auto-Fasteners model, a trusted network of smaller and more agile manufacturers are employed – all centrally connected and all managed through our UK stockholding and distribution centre. This global multi-source approach allows us to simultaneously maximise service levels and minimise costs, reducing headaches and improving margins for our customers.
A continuous supply of aftermarket fasteners and small parts as spares is essential for vehicle OEM’s and their dealer networks. Not only is it legal requirement, it’s also a key part of after sale customer satisfaction and future brand loyalty.
The aftermarket has also been a major source of revenues. Traditionally, up to two thirds of total revenue streams have come from the aftermarket over the lifetime of a car, with around only a third attributable to new vehicle sales.
However, as the market transitions from ICE vehicles to BEV’s – which can typically require 60% less maintenance – the need for OEM’s to maximise aftermarket profitability can only increase. Smarter sourcing of premium grade C-Parts, kits and assemblies is a key part of the solution.
Responsive to the OEM’s ongoing demand for new technology and innovation – ie Electrification and the new challenges and opportunities that brings – special materials / coatings ie electrical conductivity qualities or conversely insulation requirements. Link to EV blog story.
Global market access meaning more flexibility to deliver best price, additionally:AF Single supplier model also delivers both reduced administration and management cost, and increased operational and logistical efficiencies.
MOST COMMON AUTOMOTIVE FASTENERS IN USE Nuts and Bolts – The average car consists of a thousand nuts and bolts of all sizes used in its every corner. The nuts and bolts are used to hold engine components,suspension arms, and dashboards, …
We are committed to developing our world-class network of stakeholders across every facet of the business. If you have any questions or queries about our products and services, please get in touch and a member of our expert team will be happy to help.
