This company’s Parts Fingerprint service captures equipment configurations, audits parts stores, and develops recommendations and replacement strategies to reduce production risk and find cost efficiencies. The service can help users reduce the risk of production loss due to non-available parts, and to cut costs by identifying and addressing potential weaknesses in the parts supply chain. Industry trends such as lean manufacturing, compressed prod
uct lifecycles and the prevalence of third-party parts suppliers have driven companies to find new ways to maintain required part inventories to sustain production demands. According to the company, customers may underestimate their critical spare parts needs by as much as 60%, and many users have no visibility into escalating production risks due to parts inventory deficits. Parts Fingerprint aims to address these issues. — ABB, Zurich, Switzerland