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

Schneider Electric Schneider Electric
IEC
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OVERVIEW

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.

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.

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

Race check, test configurations
M2M
Mature (technology has been on the market for > 5 years)
OPERATIONAL IMPACT

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.

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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