Rockwell Automation Secures Asset Management Service Agreements Totaling More Than $5 Million For Third Consecutive Quarter

During Rockwell Automations third quarter ending June 30, 2002, nine Fortune 500 manufacturers signed new RAAMP agreements totaling more than $5.2 million.

Rockwell Automation Asset Management Program (PRWEB) August 18, 2002

MILWAUKEE, August 22, 2002 - Complete automation leader Rockwell Automations (NYSE: ROK) RAAMP program continues its strong presence among major manufacturers that are looking for a dedicated partner to manage MRO assets through a custom, outsourced program. During Rockwell Automations third quarter ending June 30, 2002, nine Fortune 500 manufacturers signed new RAAMP agreements totaling more than $5.2 million. Among the major manufacturers engaging Rockwell Automations expertise in MRO asset management are: Briggs & Stratton, Goodyear, Kelly-Springfield and Mercedes-Benz.

RAAMP helps manufacturers improve inventory accuracy and accelerate part repairs, reducing maintenance, repair and operations (MRO) expenses, while maximizing investments and achieving greater overall return on net assets (RONA).

Like many manufacturers today, we are relying more on outsourced expertise to help us make sure that we are being as efficient as possible - in every aspect of our business," said, Al Totsky, MRO Manager, Briggs and Stratton. As Rockwell Automation is a longstanding and reliable partner in our success, we are confident that through the RAAMP program we will create systems that will help us maximize our core productive capabilities."

Working with its extensive network of Allen-Bradley distributors, Rockwell Automation's Global Manufacturing Solutions business assumes inventory and MRO asset management responsibilities at the customers facilities. RAAMP will provide the framework for managing the repair and tracking of repairable assets and product warranties, as well as optimizing MRO inventory levels and maintenance resources.

Rockwell Automation (NYSE: ROK) is a world-leading provider of industrial automation power, control and information solutions that help customers meet their manufacturing productivity objectives. The company brings together leading brands in industrial automation for Complete Automation solutions, including Allen-Bradley® controls and engineered services and Rockwell Software® factory management software, Dodge® mechanical power transmission products, and Reliance Electric® motors and drives. The company also is a leading provider of contact management technologies and applications that help companies more efficiently manage interaction with their own customers. Headquartered in Milwaukee, Wis., USA, the company employs approximately 23,000 people at more than 450 locations serving customers in more than 80 countries.