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Supply Chain Collaboration

SUPPLIER WARRANTY RECOVERY

Supplier Warranty Recovery Co-innovated with SAP

Leveraging Smart Contracts & DLT, RealWarranty enables a collaborative layer between OEMs & Multi-tier supplier systems.

Self executing contracts with the ability to identify the supplier, faulty parts and the technical terms, RealWarranty builds a digital thread between the part, supplier and the VIN.

A draft debit note is generated based on the agreed terms and conditions which then is shared with the suppliers. Real Warranty can theoretically improve the warranty cost recovery by around 80%.


Qualifying Questions

  • Do you feel your cost recovery entitlements from your suppliers should be much higher?
  • Do you feel your cost of supplier recovery is higher than the claim value itself?
  • That you are having to initiate recalls more than you have to due to lack of visibility?
  • Lot of time and resources are spending their time in Claim Litigation Management?

Challenges

  • Challenge 1 -Higher Claim volumes & lower claim value – The cost and effort of recovery is high and not rewarding enough.
  • Challenge 2 -Claim Multipliers at Supplier Side - one claim at OEM / Tier 1 Supplier eventually gets split up into several claims in the extended Supplier network making the process of Supplier recovery even more complex and cumbersome
  • Challenge 3 -Disparate Systems with no information exchange - Disjointed & disparate data storage between OEM / Suppliers creates impediments in presenting trustworthy data leading to friction with the supplier network.

How Do Customers Benefit?

    Benefits using RealWarranty
  • Digital Trust - Purpose-built Solution that connects the extended supplier side of the value chain leveraging Blockchain.
  • Immutable - Facilitates real-time, immutable and secure transactions, enabling trust and transparency across network.
  • Easy Deployment - Complements with the existing ERPs, applications and tools to create a seamless flow of information.
  • Affordable Cost Recovery - Smart Contracts ensure smooth execution of warranty entitlement contractual conditions enabling ease of claims while reducing time and cost of transactions.