Client:
Volvo
Process and Results
VOLVO is a leading top Tier-1 OEM company in the automotive industry, renowned for its excellence in producing, distributing, and selling sport utility vehicles, station wagons, sedans, and compact executive sedans. Integral to their manufacturing process, VOLVO supplies its network of suppliers with returnable containers for the transport of incoming components. This represents a substantial investment of millions of dollars in returnable packaging, necessitating the need for an efficient system to monitor and manage these valuable assets.
In collaboration with packIQ, nuVector equips VOLVO with the LoopManager™ asset management software. This advanced tool provides a comprehensive solution for managing, controlling, and handling the storage, shipping, ordering, and tracking of VOLVO's returnable container fleet. Through LoopManager™, VOLVO empowers suppliers to place direct or indirect orders for the containers they require, effectively managing the type, quantity, and frequency of these orders.
Furthermore, the collaboration between VOLVO and packIQ utilizes LoopManager™ to ensure 360-degree visibility of all processes at the Container Management Center, including activities such as kitting and cleaning. This real-time information sharing between the two companies effectively mitigates communication issues and streamlines the production process.
As a result, VOLVO gains an enhanced perspective of their returnable container fleet, leading to significant improvements in the logistics processes associated with the storage, movement, and tracking of these assets.
"The only real mistake is the one from which we learn nothing."
- Henry Ford
