Background
Renata Precision Components Private Limited, Pune (India) based precision automotive component parts manufacturer, is a supplier to top international automotive companies. Renata has invested significantly in a state-of-the-art manufacturing facility with some of the latest equipment and technology from internationally renowned OEMs. They have adopted the latest engineering and manufacturing practices and they are certified to rigorous international standards.
Challenges
As a supplier to world’s top automotive OEMs and tier-1 companies, Renata is constantly looking for opportunities to improve QCDDR Performance (Quality Cost Delivery Development Response). Despite investment in best-in-class equipment and processes, their efforts were limited by:
- Occasional inaccuracies and incompleteness in data inherent in a manual process
- Delay in access to data, especially second and third shifts resulting in lost opportunities to optimize and/or take corrective action
- Data silos due to lack of integration of production and business data
- Management effort disproportionately spent on collecting/correcting data as opposed to acting on insights
- Delay in daily and monthly reporting
Solution
axisPLAST 4.0, a premier and industry-leading Industry 4.0 product for Plastics manufacturers, digitally enabled 35+ injection molding machines to acquire data in real-time. EcoAxis is to deliver ready-to-act insights in a timely manner to Renata management anytime, anywhere, and on any device which enabled quick identification of opportunities to improve efficiency and reduce losses.
axisPLAST 4.0 was also integrated with Renata’s ERP SAP and barcode-based material tracking system to enhance enterprise-wide visibility to end-to-end business operations.
Benefits
The results over three years have been exceptional
“For our competitive advantage, we leverage the data of our interconnected machines, material traceability, and SAP business system for getting live KPIs anytime, anywhere, using EcoAxis’ IoT solutions. Our expectations from the IoT solution were very challenging, but I am happy that EcoAxis has surpassed our expectations.”
– Krushna Abak, Operations Head, Renata Precision Components Private Limited
Customers Who Trust EcoAxis.
“We chose EcoAxis for its technological superiority, domain knowledge and experience in RPMS (Remote performance monitoring system) which make it a leader in the segment. EcoAxis team has a phenomenal ability to understand our needs and translate them into a reliable solution. We have already considered EcoAxis for 6 overseas projects and would not hesitate to recommend them to others.”
“Energy and operational efficiency improvements were our immediate business goals. We decided to go for EcoAxis’ solution digitizing our complete plant floor with access to analytics on anytime anywhere basis…we have achieved close to 15% energy efficiency…we are confident to achieve a further 10% improvement on energy costs in the current year…and are confident that we would be able to drive up to 10% OEE improvements at the factory level.”
“We are excited by the business gains and competitive edge that axisPLAST4.0 has helped us realize in such a short period. Also it will help us to continuously push the boundary of innovation to stay ahead of our competition. Industry 4.0 being a strategic and an on-going program, it requires a trusted and knowledgeable partner like EcoAxis.”
“For our competitive advantage, we leverage the data of our interconnected machines, material traceability, and SAP business system for getting live KPIs anytime, anywhere, using EcoAxis’ IoT solutions. Our expectations from the IoT solution were very challenging, but I am happy that EcoAxis has surpassed our expectations.”
“We are delighted to see the latest enhancements in axisPLAST 4.0, especially the daily and monthly reports providing all relevant data that we need”
“We decided to use axisPLAST 4.0, the Internet of Things technology, provided by EcoAxis to collate and analyze live data. It has some unique functionalities built specifically for plastic product manufacturers, e.g. operational reports, mold analytics, etc. providing us tremendous value in terms of operational analysis.”
