Schneider Electric Case Studies Asset Management helps NASCAR Drive Down Costs

Asset Management helps NASCAR Drive Down Costs

Schneider Electric
Asset Management helps NASCAR Drive Down Costs
Asset Management helps NASCAR Drive Down Costs
Asset Management helps NASCAR Drive Down Costs
Asset Management helps NASCAR Drive Down Costs
Automotive
Quality Assurance
Asset Health Management (AHM)
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IEC
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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.

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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.

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

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Asset Location, Asset Status Tracking, Asset Utilization, Inventory Levels, Operating Cost
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M2M
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Mature (technology has been on the market for > 5 years)
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Real-time Tracking - Multi-site asset management capabilities track inventory in all six warehouses.

Operational Cost Saving - SAP integrated with existing business and financial operations resulted in $100,000 savings.

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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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