Make accurate plans for inventory control by answering questions, such as:
- Which one is the more cost-effective option: To repair the failing machines or replace them with new ones?
- How many spare parts of type x are required to be stocked for the next 3 months?
- What is my Economic Order Quantity (EOQ) and when is the right time to order for optimal lead-times?
- What are the right levels of critical stock required to be maintained for the next 6 months?
Accurate resource planning by getting answers to questions, such as:
- What kind of skillset and labor force is required for my business continuity in the downtime?
- When is the right time to downsize my workforce by x% this year?
- What is the right budget for critical workforce trainings this year?
- How many people with specific skill x is required in the workforce for the next 3 months?
- With the current workforce size and skill set how many emergency breakdowns can we handle within SLA?
Get Answers to the business questions related to the asset usage, such as:
- What are the assets that are giving high ROI and what are the models that need to be discontinued?
- How to maximize the asset-life without increasing the maintenance costs?
- If I increase the inspection interval how would it impact the service and how much cost it saves?
- What is the right maintenance budget for my assets this year ?
Get answers to the business questions related to machine failures, such as:
- How many machines of type x are expected to fail in the next 6 months?
- How much down-time is expected for a specific service provided by a specific machine type?
- Given the options to choose between two models, which one is right fit for my business continuity?
- How to design the right Warranty plan for our manufactured product?
Real-time streaming analytics
Advanced analytics algorithms run on historical journey data collected from vehicles through On-board Diagnostic (OBD) sensors and GPS utilities give accurate information on the vehicle speeding patterns, Mileage, breaking patterns, Gear positions and regular treading patterns. This information helps in accurately profiling the nature of the driver and condition of the vehicle, and aids in designing the warranty schemes and predictive maintenance schedules.
Some of the questions that our Predictive Maintenance (PdM) solutions help you answer are:
- How many failures are expected by 400,000 hours?
- Given multiple designs, which design is more reliable up to 600,000 cycles?
- Estimating a utilization rate of 20 hours per day, how many components will fail in the next one year?
- What is the optimal inspection interval that reduces the chance of failure?