ATS' Approach to Factory Storeroom Management Creates Major Operational and Financial Benefits
PEORIA, Ill., May 19, 2016 -- Advanced Technology Services, Inc. (ATS) today announced the debut of DRIVE™, their multi-faceted Maintenance, Repair and Operations (MRO) asset management solution. As an outgrowth of the company's highly regarded Industrial Parts Management Program, DRIVE conveys the powerful and unique advantages ATS can bring to a manufacturer's parts storeroom—strategic advantages that will positively impact factory performance, worker productivity and bottom line profitability.
"As the new title for our MRO Asset Management Solution, DRIVE speaks to our program's distinctive benefits," said Mike Waltrip, VP of Industrial Parts Services at Advanced Technology Services. "DRIVE is the most well thought-out offering of its kind. It maximizes operational efficiency by eliminating wasteful parts spending. It increases machine life. It uncovers production insights. Most of all, it drives reduced downtime and improved manpower utilization. DRIVE is a comprehensive solution to achieve positive MRO results."
DRIVE is a powerful departure from typical parts management offerings. By focusing on efficiency, a DRIVE-empowered parts storeroom eliminates maintenance process waste, which in turn improves manufacturing performance through:
- Preventive Maintenance: Using historical failure analysis, critical parts are replaced on a preventive basis at the optimal time, to keep equipment and lines operating. DRIVE standards also call for the use of replacement components that exceed manufacturer specifications wherever appropriate to lengthen Mean Time Before Failure (MTBF).
- Root Cause Analysis: DRIVE focuses on failed or worn-out parts as an important source of information for correcting larger issues. Root cause analysis is performed on replacement parts to look for possible corrective measures that may include training improvements, tighter performance specs, installation issues or other adjustments.
- Interconnected Programs: DRIVE encompasses four interconnected programs, each designed to help factories run better. Each of the four programs—Storeroom Management, Inventory Management, Repairable Parts Management and Supply Chain & Procurement—can be tailored to a customer's particular need, then employed individually or in any combination as an end-to-end solution.
"For over 30 years, ATS has led innovation and efficiencies in outsourced production equipment maintenance, parts repair and IT services support," noted Waltrip. "With approximately 3,400 employees engaged in over 150 customer sites across North America and the United Kingdom, ATS is uniquely equipped to solve the repairable parts and storeroom management challenges of manufacturers of all sizes."
For more information about ATS' DRIVE solution or any of its services that make businesses run better, visit www.advancedtech.com.
About Advanced Technology Services:
Advanced Technology Services, Inc. helps businesses run better by improving the productivity and profitability through production equipment maintenance, parts repair, and IT support services. Industries that ATS serves include, but are not limited to: Consumer Packaged Goods, Automotive, Heavy Equipment, Oil & Gas, Building Products, Aerospace, Aviation and Industrial Components. ATS is headquartered in Peoria, IL with offices and services centers located across the North America and the United Kingdom. For more information, please visit the ATS website at: http://www.advancedtech.com/ or on Twitter @AdvancedTechATS.