Hendrick Motorsports

Asset Management software helps leading NASCAR team drive down costs and optimize performance

Hendrick Motorsports

Hendrick Motorsports implements Asset Management solution to track inventory and car components, monitor performance reliability, optimise performance, and reduce costs.

Goals

  • Integrate Microsoft’s Business Solutions Dynamics SL financial program into a single, compatible system to manage inventory, track parts usage, and maintain a historical profile of car performance within four months

Challenges

  • Coordinating information across six warehouses that are operated as independent entities
  • Tracking usage of approximately 150 components on each car
  • Getting the system up and running within four months

Results

  • Multi-site asset management capabilities tracks inventory in all six warehouses
  • Reduced cash outlay for inventory saves $400,000
  • Saved $1,000,000 through reduced inventory by consolidating warehouse management
  • Reduced overhead for single instance, multi-facility management and saved $65,000
  • Integration with existing business and financial operations resulted in $100,000 savings

"What AVEVA has accomplished with a single system could have required four separate systems. The AVEVA solution also allows us to collect accurate performance and maintenance information to make informed decisions … this is priceless."

– Scott Lampe, Chief Financial Officer

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