03 Jun Equipment Maintenance Cost Reduction
Client:
A Fortune 100 company with 13 plants was spending over $9 million per year on gage calibration alone. Other areas of gage management were also inefficient, resulting in additional costs.
Goal:
Reduce the cost of gauging and measurement systems.
Results:
Using proprietary statistical algorithms, eMRI consultants were able to determine the optimal calibration intervals from historical data. Additionally, expertise in gauge management was used to improve tracking, uniformity, and utilization of gauging.
The result was a set of new calibration schedules that saved the client over $2 million per year. It is projected that the client will realize significant additional cost savings through improved measurement system performance and improvements in quality.
Savings:
$2+ million per year.
