Aberdeen Group Finds That ABB Gains Inventory Visibility, Grows Business with SmartSpares(TM) Program - Powered by SeeControl; Leading Research Firm Recognizes ABB's Spares Inventory Successes.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. -- SeeControl Inc., the leader in providing visibility and data from the edge of the supply chain, and ABB n. 1. Among weavers, yarn for the warp. Hence, Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s Ltd., a $21 billion provider of power and automation systems for the automotive and diversified manufacturing industries manufacturing industries npl → industrias fpl manufactureras manufacturing industries npl → industries fpl de transformation , today announced - that leading research/analyst firm Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. recently featured the two companies in an in-depth Service Success Case Study that highlighted the significant rewards ABB and its clients continue to reap through its partnership with SeeControl. "By redirecting its spare parts Spare parts, also referred to as Service Parts is a term used to indicate extra parts available and in proximity to the mechanical item, such as a automobile, boat, engine, for which they might be used. Spare parts are also called “spares. business to focus on customers' unique requirements, ABB has been able to bolster profit margins, drive top-line revenue, and improve customer satisfaction and retention," said Mark Vigoroso vig·o·ro·so adv. & adj. Music With emphasis and spirit. Used chiefly as a direction. [Italian, from Medieval Latin vig , Vice President, Service Chain Management Research. For ABB, selling and servicing its critical equipment for customers' production lines was historically a reactionary and transaction-based process. Typically, customers would wait for parts on robots and other automation equipment to fail and then call ABB for replacements. Nowadays, it is an automated process that enables users to not only immediately access the necessary part, but also predict the future and foresee when they may need the part. ABB needed to improve part availability for its customers to help them decrease mean-time-to-repair (MTTR (Mean Time To Repair, Mean Time To Restore) The average time it takes to repair a failed component. See reliability. MTTR - Mean Time To Recovery ) and increase productivity. "Prior to its relationship with SeeControl, ABB did not have a codified cod·i·fy tr.v. cod·i·fied, cod·i·fy·ing, cod·i·fies 1. To reduce to a code: codify laws. 2. To arrange or systematize. process for stocking spare parts and lacked visibility into its spares inventories totaling $25 million in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. alone," said Tony Wisniewski, vice president and general manager of aftermarket services for ABB. "When a part failed, someone at the customer's site had to manually sign out a spare part and the process was long and arduous, and the resulting downtime could cost $20,000 per minute or more. Today, the SeeControl solution or SmartSpares(TM) service as known inside ABB has dramatically increased worker productivity, decreased inventory and associated carrying costs Carrying costs Costs that increase with increases in the level of investment in current assets. , streamlined warranty management and enables the company to track product reliability, ultimately saving the company millions of dollars to the bottom line, which we have been pleased to pass directly on to our satisfied customer base." In addition, ABB had to change the way it approached customer interactions. Since customers only called after equipment broke or when they needed replacement parts, ABB traditionally treated customer orders as one-off transactions rather than as relationship-building opportunities. This hindered ABB's ability to offer differentiated service Differentiated Service is a design pattern for business services and software, in which the service varies automatically according to the identity of the consumer and/or the context in which the service is used. and to grow its customer base. "ABB is demonstrating why they are a leader in service and clearly differentiating themselves from their competition," said Garrett Gafke, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. for SeeControl. "ABB foresaw that to significantly increase revenue within its service business and increase its competitive advantage, it would need to reengineer its inventory management process and adopt a more proactive approach to customer service. Since implementing SeeControl's technology, ABB has realized more than $1.5 million in incremental service revenue while notably reducing inventory. We look forward to working with ABB well into the future and effecting ABB's global impact of SmartSpares(TM) service with SeeControl's product suite." One critical takeaway from ABB's technology implementation is that the company approached it with a clearly stated business objective: Provide customer-service solutions rather than one-off transactions. Now, ABB is in the business of building customer relationships. As a result, the company has gained competitive advantage in its core product sales. To get a copy of the Aberdeen Service Success Case Study featuring ABB and SeeControl, please visit www.seecontrol.com or contact SeeControl at 770.886.4295. About SeeControl SeeControl is the leader in providing real-time visibility and data from the edge of supply chain. Through a web-based data collection and item management platform, companies can oversee distant inventories held at customer sites, partner locations, enterprise data centers and plant floors. SeeControl customers improve the quality of reporting and analysis from these locations and act automatically -- increasing customer responsiveness with less inventory and operational cost.. For more information, please visit www.seecontrol.com or call 650-312-1100. |
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