Cosmo Tech

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.

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.