Use Case Solution - Asset Obsolescence Management

Asset Obsolescence Management

Optimize Industrial Asset Investments
and Control Risk Exposure

Brochure

How to optimize the maintenance of an industrial fleet while maximizing the return on investment of each asset? Download

Overview

Aging technologies, loss of expertise for old systems, unavailability of old components, it is difficult to sustain a manufacturing system and to stop parts from failing or becoming obsolete.

It is possible to mitigate the risks to production when obsolescence inevitably occurs.

Cosmo Tech Asset is designed for enterprises looking to transform the way they manage their industrial assets obsolescence.

Industrial directors can easily create a dynamic Simulation Digital Twin of their plant’s operational assets and simulate any number of scenarios to test different asset obsolescence management strategies. Driven by our Software Platform and thanks to our optimization algorithms based on simulation, they can find the optimal trade-offs between their objectives and their operational constraints.

Features

Asset degradation

Forecast asset condition to represent effect of time and load

Risk assessment & monetization

Combine asset condition and criticality to leverage the integrated risk-value framework

Maintenance policies

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

Renewal projects

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

Budget resources

Map capital and operational budgets to constrain the roll-out of your investment scenario with financial resources

Human resources

Define HR availability and efficiency rules to constrain the roll-out of your scenario with obsolescence-related entries

Unlimited what-if scenarios

Design and simulate scenarios to predict the impact of your decisions on your whole organization

How-to optimization

Prescribe the best strategy for your investment plan at any time scale to support your KPIs

Sensitivity analysis

Test robustness to uncertainty or randomness to mitigate risks and improve the investment plan

Other Use Case Solutions for Manufacturing

Strategic Sourcing

Design a Simulation Digital Twin of your supply chain network and virtually simulate any scenario, compare various sourcing options and anticipate potential cascading and bullwhip effects of several risks which could impact final service and inventory levels.

Explore the use case

Production Planning & Control

Design a Simulation Digital Twin of your supply chain and optimize your production plans to deliver value at every stage of your manufacturing process. In the face of shifting demand variables, achieve a new level of operational efficiency and increase profitability.

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Factory Planning & Scheduling

Optimize your factory’s operational resources, anticipate bottlenecks, and maximize your production line efficiency for optimal throughput. Take into account complex production sequences and meet the needs of your dynamic supply chain.

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Case Studies

Optimize Operational Asset Investments

How an international car manufacturer built an optimal OPEX/CAPEX asset investment plan to replace and renew obsolete equipment and control risk exposure.

Discover the case study

Achieve Production Planning Excellence

How a car manufacturer extended their car production with the same capacities, considering a volatile demand, a complex production process, and production flow bottlenecks.

Discover the case study

Optimize Your Manufacturing Planning and Scheduling

How a car manufacturer took into account complex production sequences and met the needs of their dynamic supply chain.

Discover the case study

Never Stop Learning

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Cosmo Tech

Optimize Industrial Asset Investments and Control Risk Exposure

Brochure

Overview

Aging technologies, loss of expertise for old systems, unavailability of old components, it is difficult to sustain a manufacturing system and to stop parts from failing or becoming obsolete.

Features

Asset degradation

Risk assessment & monetization

Maintenance policies

Renewal projects

Budget resources

Human resources

Unlimited what-if scenarios

How-to optimization

Sensitivity analysis

Other Use Case Solutions for Manufacturing

Strategic Sourcing

Production Planning & Control

Factory Planning & Scheduling

Case Studies

Optimize Operational Asset Investments

Achieve Production Planning Excellence

Optimize Your Manufacturing Planning and Scheduling

Never Stop Learning

White Paper: Machine Learning & Simulation

Cosmo Tech Joins Digital Twin Consortium

Renault Transforms Asset Obsolescence Management with Cosmo Tech Digital Twins

Contact an expert

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Optimize Industrial Asset Investments
and Control Risk Exposure