Automotive COOs are at the center of company competitiveness. From keeping a tight rein on manufacturing costs and maintaining quality standards, to speeding up industrialization and time-to-market and making operations sustainable, their responsibilities are already great.
But the modern COO is under even greater pressure in a number of other areas. Competitive OEMs and suppliers are continuously shortening their development cycles, introducing new manufacturing technologies, and seeking to reduce parts and process complexity; consumers are increasingly seeking a higher degree of individualization; meanwhile, renowned tech companies are entering the market and alternative mobility concepts are challenging existing business models. As a constant additional constraint, regulators are enforcing ever stricter requirements on environmental, economic, and social sustainability.
With these latest developments and the current industry environment, we have seen the emergence of five core principles that COOs should follow to support and boost their companies’ competitive edge.