During COVID, the auto industry took a huge hit and is still trying to get back on its feet after a few problems, like stricter emission standards and changing customer needs. The lockdown brought massive slumps in car sales, and the industry faced many supply chain issues and semiconductor shortages.
Many countries have backtracked on their environmental commitments and gone back to approving new fossil fuel exploration projects and discontinuing battery electric vehicle incentives to avert a looming energy crisis.
Electric vehicles need batteries, and Ukraine sits on a gold mine of lithium reserves, but access to these reserves seems too far away to achieve, putting the environmental commitments of European countries on the backseats.
Unsold vehicles are causing a significant cash shortage in an industry that is already struggling at a crossroads. AI apps and tech assistance can help the industry in a big way by helping with the acquisition of raw materials from alternative sources, competitive prices for components, regulating production, meeting specific demands, optimizing workforce participation, giving valuable insight into customers’ purchase patterns, and the most needed vendor chargeback process.
Due to the specialized nature of the market and the heightened awareness of the client regarding the significant production and other asset and liability build-ups’ necessitated by even the newest technological breakthrough in the product, distributors and retailers face a challenging uphill battle to maintain their share of the market through careful planning and execution of distribution centers. After all, the goal of every major corporation is to maximize profits and expand its market share, and doing so requires offering sufficient rebates to its wholesale distributors so that they remain motivated to bring in the necessary volume of business.
The Special Pricing Agreement is a collaborative approach to bind automobile manufacturers and wholesale distributors to win business and compete for market share. To manage the high volumes that go through these special pricing programs, a company needs a solution that works with its existing system and gives it the visibility it needs to maximize its profits. For these programs to be financially successful, they need to be well run, especially since regulators are paying more attention to SPA controls and reporting. These programs are a complicated way to shape demand, give sales incentives, and pay distributors based on how well they do their jobs. Because SPA-related problems could affect the company’s bottom line, it is important to be able to find and fix them correctly
Vyas’s enterprise solutions for large businesses are cost-effective, scalable, and supported, allowing them to better manage their vendors’ claims, cut down on time spent on administrative tasks, save money on legal fees, and shorten the time it takes to collect payments from their suppliers. We completely understand the pain points of wholesale distributors and design accordingly to benefit the enterprise in an integrated chargeback solution with our Microsoft Dynamics 365.