IBM Case Studies Consolidated Contractors Company: Generating million-dollar cost savings by improving the performance and utilization of assets

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	Consolidated Contractors Company: Generating million-dollar cost savings by improving the performance and utilization of assets IBM

Consolidated Contractors Company: Generating million-dollar cost savings by improving the performance and utilization of assets

IBM

Technology Category	Functional Applications - Fleet Management Systems (FMS)
Applicable Industries	Construction & Infrastructure
Applicable Functions	Logistics & Transportation Maintenance
Use Cases	Asset Health Management (AHM) Fleet Management Predictive Maintenance
Services	System Integration
Challenge	After the 2008 economic crisis, the construction market crashed, forcing established players like Consolidated Contractors Co. (CCC) to cut costs and boost revenues to maintain their market share against new competitors from the Far East. CCC recognized the need to become a flexible, highly dynamic business and set out a 2020 vision of operating smarter construction sites supported by cutting-edge Internet of Things technology. Specifically, it targeted improvements in the management and utilization of its equipment, since these factors have a major influence on the total costs of completing each construction project. To pinpoint areas for improvement, CCC needed a clear view of equipment availability, health, status, location, and maintenance costs, which its existing IT systems and paper-based processes were unable to provide. Read More
About Customer	Founded in 1952, Consolidated Contractors Co. (CCC) is one of the largest construction companies in the Middle East and ranks among the top 20 contractors worldwide. The firm generates annual revenues of around USD5.3 billion, employs approximately 130,000 people, and manages projects based in more than 40 countries all over the globe. After the 2008 economic crisis, the construction market crashed, forcing established players like CCC to cut costs and boost revenues to maintain their market share against new competitors from the Far East. Read More
Solution	CCC deployed IBM® Maximo® for Transportation software, a solution designed to help large companies optimize the performance and management of their assets. CCC staff based at construction sites all over the world record the status, location, and maintenance details of each asset directly in the Maximo solution, which manages more than 16,500 pieces of equipment worth a total of USD1.2 billion. The solution plays a pivotal role in helping CCC reduce the costs of equipment transport and maintenance, maximize asset availability, enhance utilization, and ensure that any equipment it purchases is available for as long as possible. Read More Log in to view content
Contents

Technology Category

Functional Applications - Fleet Management Systems (FMS)

Applicable Industries

Construction & Infrastructure

Applicable Functions

Logistics & Transportation

Maintenance

Use Cases

Asset Health Management (AHM)

Fleet Management

Predictive Maintenance

Services

System Integration

Challenge

After the 2008 economic crisis, the construction market crashed, forcing established players like Consolidated Contractors Co. (CCC) to cut costs and boost revenues to maintain their market share against new competitors from the Far East. CCC recognized the need to become a flexible, highly dynamic business and set out a 2020 vision of operating smarter construction sites supported by cutting-edge Internet of Things technology. Specifically, it targeted improvements in the management and utilization of its equipment, since these factors have a major influence on the total costs of completing each construction project. To pinpoint areas for improvement, CCC needed a clear view of equipment availability, health, status, location, and maintenance costs, which its existing IT systems and paper-based processes were unable to provide.

About Customer

Founded in 1952, Consolidated Contractors Co. (CCC) is one of the largest construction companies in the Middle East and ranks among the top 20 contractors worldwide. The firm generates annual revenues of around USD5.3 billion, employs approximately 130,000 people, and manages projects based in more than 40 countries all over the globe. After the 2008 economic crisis, the construction market crashed, forcing established players like CCC to cut costs and boost revenues to maintain their market share against new competitors from the Far East.

Solution

CCC deployed IBM® Maximo® for Transportation software, a solution designed to help large companies optimize the performance and management of their assets. CCC staff based at construction sites all over the world record the status, location, and maintenance details of each asset directly in the Maximo solution, which manages more than 16,500 pieces of equipment worth a total of USD1.2 billion. The solution plays a pivotal role in helping CCC reduce the costs of equipment transport and maintenance, maximize asset availability, enhance utilization, and ensure that any equipment it purchases is available for as long as possible.

Impact #1	CCC has an accurate view of asset-related expenses, such as the costs of spare parts, fuel and upkeep.
Impact #2	CCC can accurately plan its global operations in great detail to ensure that it has each piece of equipment on-site when it will need it to avoid delays as we wait for a repair or replacement.
Impact #3	CCC can delve into the maintenance history of each item, predict when it is likely to fail, and either schedule maintenance or purchase a replacement to avoid downtime.

Impact #1

CCC has an accurate view of asset-related expenses, such as the costs of spare parts, fuel and upkeep.

Impact #2

CCC can accurately plan its global operations in great detail to ensure that it has each piece of equipment on-site when it will need it to avoid delays as we wait for a repair or replacement.

Impact #3

CCC can delve into the maintenance history of each item, predict when it is likely to fail, and either schedule maintenance or purchase a replacement to avoid downtime.

Benefit #1	Reduced operational expenditure per asset by USD1100
Benefit #2	Achieved total savings across its global business of USD15 million per year

Benefit #1

Reduced operational expenditure per asset by USD1100

Benefit #2

Achieved total savings across its global business of USD15 million per year

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Overview

Consolidated Contractors Company: Generating million-dollar cost savings by improving the performance and utilization of assets

Operational Impact

Quantitative Benefit