Cosmo Tech

  1. Manufacturing
  2. Case Study

Optimize industrial asset investments and control risk

How a manufacturer built an optimal OPEX/CAPEX asset investment plan to replace and renew obsolete equipment.

Value creation

25%

TOTEX savings

Rationalize maintenance expenditures

Minimize downtime

The Challenge

The Challenge

Our client is an international car manufacturer who needs to manage the obsolescence of different industrial assets on his production lines. Most of these components are getting obsolete, which leads to downtime, high maintenance costs and revenue losses. The scarcity and increasing price of spare components and the loss of expertise of the maintenance teams on aging assets are also a major concern.

 

He sought to find a tool that could determine an optimal maintenance and renewal planning, which included its impact on production, for different time scales.

Main Benefits

Renewal projects

Renewal projects

Simulate equipment renewals and associated capital expenditure to evaluate investment scenario outcomes
Maintenance policies

Maintenance policies

Simulate maintenance activities with required resources to bring OPEX in the financial balance
Asset degradation

Asset degradation

Forecast asset condition to represent effect of time and load
Solution

Solution

Our client deployed Cosmo Tech Asset, our Enterprise Digital Twin software solution dedicated to Asset Management. The solution is designed to:

  • test different strategic scenarios and evaluate their impacts on different KPIs (production loss, investment costs…)
  • forecast costs and budget

 

Cosmo Tech Asset takes into account real-world operational constraints such as the competence level of maintenance teams, spare part price evolution, uncertainty of aging law…and many more. Our simulation software enabled our client to compare different maintenance and renewal strategies in terms of CAPEX level.

what type of supply chain disruption can I anticipate

The Cosmo Tech Asset solution enabled us to define the weight of each decision variable in our renewal strategy: the law of reliability, the skill level of the teams and the price of spare parts

Results

Results

Using Cosmo Tech Asset, our client found the optimal and robust investment plan to renew his industrial assets according to the generation, installation date and spare parts available in his various plants, for the next 5 years.

 

As a result, some of the initial renewal campaigns were postponed, others were prioritized all the while minimizing the risk of failure. Our client was able to reduce the costs planned in the initial investment plan.

Solution Overview

Cosmo Tech Asset, our Enterprise Digital Twin solution for Asset Obsolescence Management, is designed for enterprises looking to transform the way they manage their industrial assets obsolescence.
See the full solution

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