How will you drive improved profits?

Your consideration of building AVs or supplying components for them should weigh heavily on being able to handle the processes that come along with this in an automated way. How do you determine how many AVs you will sell so that you can also determine how many to manufacture? What’s driving demand? What new components will you need? Are there supply chain concerns? Material or labor costs concerns? How will you strategically manage the increase in the number of vendors, including certain vendors that may be new to the auto industry?

Vehicle manufacturers are primarily focused on making their incentive programs more efficient and profitable, while component suppliers tend to focus more on price and margin optimization. Going forward, the companies and brands that have the tightest integration of financial processes will gain a competitive advantage, improving market share and profit margins by having access to unprecedented transparency. Financials have become more and more critical in fortifying existing business and seizing new opportunities.