Product category:
Asset Management and maintenance planning
News Release from: Invensys Avantis | Subject: Avantis.PRO EAM s/w
Edited by the Processingtalk Editorial
Team on 21 April 2006
Asset management software helps NASCAR
racing
Invensys Avantis enterprise asset management software has played a key role in maintaining a competitive edge for the Hendrick Motorsports NASCAR team
Invensys Process Systems, maker of Avantis enterprise asset management software, and its customer, NASCAR team Hendrick Motorsports (HMS), made a joint presentation at this year's Maintenance and Reliability Technology Summit (MARTS) The presentation described the role that effective asset management has played in Hendrick's continued NASCAR success
This article was originally published on Processingtalk on 23 Dec 2003 at 8.00am (UK)
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Also, MARTS show attendees had the opportunity to experience the thrill of NASCAR themselves, in a full-size driving simulator that was available for the duration of the show.
"The HMS/Invensys presentation fits very nicely with this year's MARTS theme of 'Racing for Reliability'.
It is a first-hand account of improving overall efficiency with an innovative asset management solution that can be applied to plants to do the same," said Terry Wireman, editorial director of Maintenance Technology and Lubrication Fluid Power, sponsors of MARTS.
Scott Lampe, CFO of Hendrick Motorsports discussed how the Avantis asset management system has improved the company efficiency on and off the track.
Within the first six months of implementing the asset management system, HMS reduced operating expenses and cash outlay for inventory by more than US$460,000.
The Avantis.PRO enterprise asset management solution also allowed track-side component monitoring, which improved racecar performance reliability.
HMS also provided a full-sized replica of Jeff Gordon's number 24 car equipped with a computer simulator to replicate NASCAR driving.
HMS has won nine NASCAR championships in the last decade and currently holds three of the top ten NASCAR positions.
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