Schneider Electric > Case Studies > Asset Management helps NASCAR Drive Down Costs

Asset Management helps NASCAR Drive Down Costs

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 Asset Management helps NASCAR Drive Down Costs - IoT ONE Case Study
Technology Category
  • Functional Applications - Enterprise Asset Management Systems (EAM)
Applicable Functions
  • Warehouse & Inventory Management
Use Cases
  • Track & Trace of Assets
The Customer
Hendrick Motorsports
About The Customer
Hendrick Motorsports, originally named All Star Racing, is a current American auto racing team created in 1984 by Rick Hendrick. The team currently competes in the NASCAR Sprint Cup Series.
The Challenge

Hendrick Motorsports wanted to coordinate information across 6 warehouses, track usage of approximately 150 components on each car and get the system up and running within four months.

The Solution

Schneider Electrics provides a solution which includes Avantis Asset Management Software and Avantis Industrial Rapid Implementation Methodology (InRIM). Software Components - Avantis EAM solution

Data Collected
Asset Location, Asset Status Tracking, Asset Utilization, Inventory Levels, Operating Cost
Operational Impact
  • [Process Optimization - Real Time Asset Tracking]
    Multi-site asset management capabilities track inventory in all six warehouses.
  • [Cost Reduction - Operation]
    SAP integrated with existing business and financial operations resulted in $100,000 savings.
Quantitative Benefit
  • Reduced cash outlay for inventory saves $400,000.

  • The solution saved $1,000,000 through reduced inventory by consolidating warehouse management.

  • Reduced overhead for single instance, multifacility management and saved $65,000.

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