Schneider Electric > Case Studies > Asset Management helps NASCAR Drive Down Costs

Asset Management helps NASCAR Drive Down Costs

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 Asset Management helps NASCAR Drive Down Costs - IoT ONE Case Study
Technology Category
  • Functional Applications - Enterprise Asset Management Systems (EAM)
Applicable Functions
  • Warehouse & Inventory Management
Use Cases
  • Track & Trace of Assets
The Challenge

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.

The Customer
Hendrick Motorsports
About The Customer
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.
The Solution

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

Data Collected
Asset Location, Asset Status Tracking, Asset Utilization, Inventory Levels, Operating Cost
Operational Impact
  • [Process Optimization - Real Time Asset Tracking]
    Multi-site asset management capabilities track inventory in all six warehouses.
  • [Cost Reduction - Operation]
    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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