How to minimize costs in a rapidly growing, tight-margin industry.
Growing demands for automotive electrical and electronic (E/E) features drive increased complexity in the wiring harnesses that carry power and data signals to components around the vehicle. As a result, the wire harness manufacturing industry is expected to see significant growth, expanding into a 91 billion dollar industry in 2025. However, wire harness manufacturers often operate on small profit margins where unexpected costs can quickly prove disastrous. It is therefore critical for harness manufacturers to minimize costs during harness production and delivery. In this paper, we examine the four main sources of unexpected costs during wire harness manufacturing and shipping and discuss how modern digital solutions can help control these costs.
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