Tuesday, April 20, 2021 02:10 AM

HOW AUTOMOBILE INDUSTRY CAN LEVERAGE PAPERLESS SOLUTIONS - FINANCIAL EXPRESS

A paperless system has a significant role to play in enhancing manufacturing quality. The system collects varied data from multiple sources in a way that its beneficial for regulatory compliance and improved operational efficiency.Hyundai 'Click to Buy' (Image for representational purposes only)

India is the fourth largest vehicle market in the world and going by the projections, it is likely to emerge as the worlds third-largest automotive market in terms of volume by 2026. Though the numbers have dwindled a great deal owing to the pandemic with Indian auto sales nosediving by 13% to a six-year low a lot is being done by the stakeholders as well as the government to help the industry recover losses. For instance, Prime Minister Narendra Modi[1]-led NDA government gave its nod to introduce a Production-Linked Incentive in the sector to boost manufacturing capabilities alongside exports. But theres a lot more than the real stakeholders& pillars can do to boost the automotive industrys growth story. To start with, they can replace their rigorous paper-based processes with smart document solutions.

Implementing a paperless system in varied operations with the help of technology will result in effective time ...

News source: GOOGLE NEWS

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