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

Schneider Electric

Technology Category	Functional Applications - Enterprise Asset Management Systems (EAM)
Applicable Functions	Warehouse & Inventory Management
Use Cases	Track & Trace of Assets
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. Read More
About 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. Read More
Customer Name	Hendrick Motorsports Read More
Solution	Schneider Electrics provides a solution which includes Avantis Asset Management Software and Avantis Industrial Rapid Implementation Methodology (InRIM). Software Components - Avantis EAM solution Read More Log in to view content
Data Collected	Asset Location, Asset Status Tracking, Asset Utilization, Inventory Levels, Operating Cost Read More Log in to view content
Contents

Technology Category

Functional Applications - Enterprise Asset Management Systems (EAM)

Applicable Functions

Warehouse & Inventory Management

Use Cases

Track & Trace of Assets

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.

About 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.

Customer Name

Hendrick Motorsports

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

Impact #1	[Process Optimization - Real Time Asset Tracking] Multi-site asset management capabilities track inventory in all six warehouses.
Impact #2	[Cost Reduction - Operation] SAP integrated with existing business and financial operations resulted in $100,000 savings.

Impact #1

[Process Optimization - Real Time Asset Tracking]
Multi-site asset management capabilities track inventory in all six warehouses.

Impact #2

[Cost Reduction - Operation]
SAP integrated with existing business and financial operations resulted in $100,000 savings.

Benefit #1	Reduced cash outlay for inventory saves $400,000.
Benefit #2	The solution saved $1,000,000 through reduced inventory by consolidating warehouse management.
Benefit #3	Reduced overhead for single instance, multifacility management and saved $65,000.

Benefit #1

Reduced cash outlay for inventory saves $400,000.

Benefit #2

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

Benefit #3

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

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Overview

Asset Management helps NASCAR Drive Down Costs

Operational Impact

Quantitative Benefit