Top 5 benefits of Electronic Spare Part Catalog for OEM

In past few years, digitalization has taken place at quite a fast pace. Every business is looking forward to digitalizing manual processes for the effective and efficient functioning of the organization.

OEMs are also digitalizing their spare parts catalogue for easy spare parts management, spare identification and a lot more. Digitalizing spare parts catalog offers multiple benefits to OEMs, below listed are the top 5 benefits of electronic spare parts Catalog for OEM, let’s have a look –

Huge Cost Saving –

New spare parts keep on approaching the market every now and then which generates the need for updating catalogue on regular basis. However, updating manual catalogue is a time consuming and costly process as it requires entire catalog to be reprinted and redistributed. Digitalizing spare parts catalog reduces this cost to the minimum as with digital catalogue, OEMs only need to make changes via admin panel and it reflects to the dealers worldwide. This leads to huge cost saving on regular basis.

Instant Updates –

Updating a manual catalog takes time and these updates are also not possible on an instant basis which makes the catalogue obsolete. In addition, keeping the information about the updated spares becomes a challenging task. However, digital spare parts catalog allows you to make instant updates with just a click of a mouse. You can easily update the catalog within no time and introduce the new or modified spare part in the market.

Enhanced aftermarket sales of spares –

Digital catalog also plays a vital role in increasing the aftermarket sales of spares. With EPC software, companies also provide storefront to dealers and distributors which allow them to place order with just a mouse click. Placing an order with manual spare parts catalog is a hard task as order needs to be created manually. With digital catalog dealers just need to select the spare parts following the check out process similar to an e-commerce website which facilitates aftermarket sales. 

Inventory management –

Managing inventory is really important for uninterrupted sales of spares but keeping the record manually is prone to errors. Digital catalogue not only digitalizes the manual catalog but also helps in inventory management. These softwares are integrated with numerous other softwares like SAP, DMS etc. which automates inventory management and helps OEM to maintain inventory in accordance with the market demand.

Sales Forecasting –

Aftermarket sales form one of the major profit centers for OEMs and sales forecasting feature of electronic spare parts catalog helps them to reap maximum profit. Sales forecasting helps the OEMs to identify fast moving spares, slow-moving spares etc. which helps them to analyze and meet the demand of the market.

In addition to the above-listed benefits, there are numerous other benefits of online spare parts catalog such as low maintenance cost, error-free order process, fewer backorders, easy order management and a lot more. Thus, digitalizing manual spare parts catalog helps OEMs to manage spare parts effectively and efficiently as well as serves a long way in boosting aftermarket sales.