Car Industry

Context

Assetsman develops a methodology that perfectly fits car industry’s expectations.

Intensive capital industries such as car industry often face management issues (stocks and spare parts management), and maintenance issues (operational mode). These issues have great impact on industries’ output abilities and that is why Assetsman often leads its clients to benefits which are on average 20 times superior to investment. Assetsman is particularly able to tackle car industry’s challenges as we do it through the economic dimension of the operated choices. In that sense, Assetsman’s methodology is more objective when it comes to taking decisions and it optimises production capacities keeping control of cost and risks.

Needs

How to well invest

What Assetsman suggests:
- To identify axes for improvement of the assets’ performance (strategies, methods and organisations, priority equipment)
- To analyse investment’s choice in terms of risks/costs relation
- To define and select critical assets
- To draft provisional maintenance plans
- To define spare parts’ first endowment
- To simulate a great amount of spare parts and failure risks of the equipment
- To simulate a risk/cost relation to define the stocking optimum

Thus Assetsman comes up with solutions to optimize the industrial abilities of a site. This can be done through optimal mutualisation of the stocks or even through the sizing of spare parts first endowment.

How to well produce

What Assetsman suggests:
- To optimize stocks of strategic spare pieces and stocks of consumables always seeking for the best compromise “cost of capital retention versus exposure to lost opportunities risk due to stock shortage”
- To overhaul the organisation and the operating mode for equipment maintenance
- To optimize maintenance strategies and methods after carrying out optimisation surveys of maintenance plans
- To optimize stock management of the spare pieces
- To prioritize maintenance optimisation actions using the “CBA” method (Core Business Analysis)
- Assistance, formation and coaching
How to well renew?

What Assetsman suggests:
- To define an asset’s life expectancy and the cost of its entire life cycle thanks to the Lifespam methodology and Life Cycle Costing (LCC)
- To decide of the good timing for replacing/renewing the asset (calculation of the economic penalties in case of a premature or late replacement)
- To optimize quantities and costs of spare parts
- To collect input data which are necessary to estimate possession costs (renewing, replacement) and costs that come along with a possible stock shortage.

Business Cases

“Optimization of a stock of spare pieces of an automotive production chain.”

A world-class standard industrial firm wanted to improve its competitiveness and implemented a reduction costs policy. We figured out very quickly that a better spare pieces management could save most of the money. Assetsman’s work allowed achieving a 30% gain compare to the initial value of the spare pieces while reducing 50% of the stock shortage risks.