Project showcase
BoM Data Impact Assessment
Project goal
To identify the cost impact associated with missing Bill of Materials (BoMs) data
What We Did
Add Energy’s BoM Calculator was used to identify the extent of missing BoMs in the CMMS, and the impact this had in terms of equipment downtime and unnecessary expenditure.
This assessment calculated the impact missing BoM data had on potential:
- Downtime costs
- Additional maintenance costs
- Wasted administration time
Results
Using the assets production capacity statistics and benchmarking against industry norms, Add Energy found:
7112 missing Bill of Materials which had the capacity to incur the following risk profile and costs:
- £4,000,000 of possible downtime in one year
- £1,300,000 of additional maintenance expenditure in one year
- £73,600 of additional supply chain admin costs in one year
Find out more about our Inventory Management Optimization Solutions
Learn moreBOOK YOUR FREE ASSESSMENT
Book your free assessment to determine how much missing or incorrect BoM data is costing your asset per year
