The average recall creates a $4.1B loss to a company’s bottom line. It costs an average of $100M in value for four weeks of excess inventory build up. Misplaced or idle tools leave room for an average 30% increase in Overall Equipment Efficiency (OEE).
Cart movement to predict the location of molten metal and track dwell times to reduce material waste and increase productivity.
Sensors provide the ability to track the location of the carts for better production planning. An alert is sent once molten metal reaches its dwell threshold. The result has been 90% improvements in production scheduling and $10-$20M in annual savings due to material loss of hardened liquid iron.