Rosemont, Illinois (PRWEB) April 17, 2006
Invensys Process Systems, maker of Avantis (http://www.avantis.net) enterprise asset management software, and its customer, NASCAR team Hendrick Motorsports (HMS), will make a joint presentation at this year’s Maintenance and Reliability Technology Summit (MARTS), April 18, 4:00 p.m., at the Donald E. Stephens Convention Center, Rosemont, IL. The presentation will describe the role that effective asset management has played in Hendrick’s continued NASCAR success. Also, MARTS show attendees will have the opportunity to experience the thrill of NASCAR themselves, in a full-size driving simulator that will be available for the duration of the show, April 17 – 20.
“The HMS/Invensys presentation fits very nicely with this year’s MARTS theme of ‘Racing for Reliability.’ It is a first-hand account of improving overall efficiency with an innovative asset management solution that can be applied to plants to do the same,” said Terry Wireman, editorial director of Maintenance Technology and Lubrication Fluid Power, sponsors of MARTS.
Scott Lampe, CFO of Hendrick Motorsports will discuss how the Avantis asset management system has improved the company’s efficiency on and off the track. Within the first six months of implementing the asset management system, HMS reduced operating expenses and cash outlay for inventory by more than $460,000. The Avantis.PRO enterprise asset management solution also allowed track-side component monitoring, which improved racecar performance reliability.
HMS is also providing a full-sized replica of Jeff Gordon’s #24 car equipped with a computer simulator to replicate NASCAR driving. HMS has won nine NASCAR championships in the last decade and currently holds three of the top ten NASCAR positions.
Ted MacDonald, PE, asset performance manager at Invensys Process Systems will join Mr. Lampe to address how the Avantis solution was successfully implemented with InRIM™, the Industrial Rapid Implementation Methodology. The implementation involved a co-operative effort between Avantis and HMS to define the precise parameters of implementation activities, as well as responsibility, timeline and deliverables for each activity. Mr. MacDonald has more than 24 years of experience in manufacturing and maintenance management, with particular expertise in maintenance and materials management, as well as 14 years of consulting experience with Invensys.
Also presenting from Invensys will be Peter Martin, vice president, performance, measurement and management. As part of the Executive Track series, Mr. Martin will discuss the importance of balancing asset availability and utilization during a session titled “Bottom Line Automation and Dynamic Performance Management: The Pathway to World Class Manufacturing.”
MARTS is the premier event for maintenance and reliability professionals, featuring technical and business sessions, workshops and technical exhibits. Invensys will demonstrate asset management solutions at booth 314.
For more information about MARTS go to http://www.martsconference.com.
Invensys (http://www.invensys.com) is the world leader in industrial asset performance management. In addition to its rapidly expanding Global Solutions and Performance Management services groups, Invensys’ automation businesses includes industry-leading brands such as Foxboro, Triconex, SimSci-Esscor, Wonderware, and Avantis, whose products are installed in more than 100,000 plants across the world. These range from small hybrid and batch plants to the world’s largest upstream projects, refineries, gas plants, petrochemicals plants, power plants, and pulp and paper mills.
Avantis, InRim, Foxboro, I/A Series, SimSci-Esscor, Triconex, and Wonderware are trademarks of Invensys plc, its subsidiaries, or affiliates. All other trademarks are trademarks of their respective owners.