Indico Quality Module

General Product Definition

Indico uses actuarial data analysis to enable automotive and other volume manufacturers to improve product quality and reduce costs in their post sale value chain.

Indico takes high volume client production, sales and warranty claim data on a monthly basis which it processes with leading edge actuarial analysis techniques to produce high accuracy warranty claim forecasts and identify critical product and service issues.

Pain

Reduce time to detection by months and involve the supply chain.

Current quality reporting methods, in particular Six Sigma, rely on the use of Pareto analysis to highlight the most prevalent claims today. With accurate ultimate failure rate forecasts manufacturers can act on emerging issues before they become the number one issue on their Pareto analysis.

Product

The granular level of Indico builds to high aggregated accuracy by considering the failure frequency of every part in every vehicle in every country. Forecast excellence is dependant on the role of demographic in failure event disclosure, a complex dynamic that can only be harnessed with actuarial techniques.

By having accurate financial forecasts it then becomes easier to quantify the ROI of intervention.

Implementation

Enhance current processes: Working alongside existing reporting and procedures Indico’s analytics help focus quality departments on the emerging issues allowing for quicker problem resolution.

Create new processes: Pro-actively collaborate with suppliers on emerging issues. Use Indico to share results with the supplier network and increase visibility of current and emerging problems.

Initial results are ready in weeks not months enabling almost instant ROI.

Customers

OEM’s