Case Study
Reduce working capital requirement by optimizing production mix and supply chain
Published on 30th July 2021 | By Throughput INC
For
Multiple corporates
Tags
Industrial automation
Real time monitoring
Machine utilization
Supply chain efficiency
Manufacturing
Automotive
Optimise working capital gap
Challenges
- Large Industrial Operation with 100+ facilities called ThroughPut to examine machine behavior around uptime and downtime to improve quarterly output potential
- Operations Manager needed to propose an improvement plan to reduce $500,000 annually by reducing machine unplanned downtime
Solutions
ThroughPut’s ELI software connected with existing sensor data and provided additional sensors:
- To Measure Uptime for Individual Equipment Across 3 shifts
- Flag Downtime occurrences and compare with historical data around number of events
- Quantify dollars lost from unplanned downtime
Key Metrics
25-30%
ThroughPut’s software discovered that critical tools had on average 25-30% downtime per shift, with shift 3 being the highest
5%
5% reduction in unplanned downtime was achieved by real-time monitoring and addressing root causes which equated to $1.5M savings
15%
15% of the unplanned downtime was due to maintenance coding and unskilled workforce performing tasks on the tool
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