Particle
Case Studies
IoT-Driven Data Optimization: A Case Study on Service Thread
Overview
IoT-Driven Data Optimization: A Case Study on Service ThreadParticle |
|
|
Functional Applications - Computerized Maintenance Management Systems (CMMS) Functional Applications - Manufacturing Execution Systems (MES) | |
Electronics Equipment & Machinery | |
Maintenance Procurement | |
Additive Manufacturing Digital Thread | |
Hardware Design & Engineering Services System Integration | |
Operational Impact
The IoT solution implemented by Service Thread not only provided valuable data for capital planning but also helped the company make smarter decisions regarding labor, sales, and supply-chain management. The real-time data collected by the IoT devices allowed the company to quickly identify and address issues, reducing downtime and maintenance costs. The solution also provided leading indicators of potential problems, enabling proactive maintenance and further reducing downtime. The IoT solution has proven to be a valuable tool for Service Thread, providing the data needed to maximize their operations and significantly reduce costs. | |
Quantitative Benefit
Service Thread found that their spindle utilization was 15% less than their estimate, providing crucial information for capital planning. | |
Using insights from the IoT solution, Service Thread invested in a $400,000 machine that replaced roughly 75 spindles from an older machine. | |
The IoT solution is estimated to reduce per-spindle operating costs by at least 50%. | |