The Value of Asset Care Management

It is becoming increasingly important for businesses to develop sustainability roadmaps and engage their employees and customers as part of their journey

Sustainability is a dominant theme in our daily lives. Coupled with today’s rising supply chain costs, it is clear that there are significant benefits for companies who seriously consider the value in refurbishing, re-using, and recycling their assets.

TVS Supply Chain Solutions understands the value of asset care management. Its reverse logistics and refurbishment solutions open up benefits to the rail sector which include improved efficiency, cost reductions, and high levels of sustainability – and support them on their journey to Net Zero.

From its experience of parts supply and the associated inventory management, TVS SCS knows that there are huge opportunities within multiple equipment categories for it to apply its asset care management strategy. This means that, by repairing or refurbishing old and or worn equipment, it can significantly reduce the amount of new replacement equipment that businesses need to purchase.

In addition to this, and to further support the ongoing use of refurbished equipment, TVS SCS’ systems automatically ensure that any repaired or refurbished equipment is ordered from stock and re-used first before any new equipment needs to be re-ordered. This is how it is supporting businesses to reduce their costs and overall inventory – and reduce their carbon footprint.

TVS SCS’ Reverse Logistics Capability

TVS SCS provides a complete end-to-end reverse logistics solution, with a sortation and triage service which includes:

• Receiving returned parts.

• Logging of serialised assets.

• Segregation and sortation into appropriate streams.

• Refurbishment.

• Returns to the asset owner or recycling as required.

With several years’ experience of sift and sort, TVS SCS can separate serviceable/nonserviceable assets and then re-patriate them to the owner as per the specified customer process. This saves you time to focus on your operational requirements.

Items that can be refurbished rather than scrapped in this process provide cost savings on your bottom line. It also takes away the challenge of whether you should buy new, as well as supporting your green credentials and drive to achieving Net Zero status.

TVS SCS can carry out a variety of inspection and testing regimes in line with customers’ specific requirements. This provides peace of mind that product is compliant and eliminates risk of any health and safety issues. For utility customers, TVS SCS’ inspects electricity meters including power up and testing of the units, and, for gas meters, it carries out pressure and leakage testing.

TVS SCS recycles waste items from the sortation process in accordance with the relevant legislation, using a range of recycling management solutions to minimise and, where possible, eliminate waste to landfill.

As a final solution offering, TVS SCS provides storage and logistic services for those items that are serviceable. Using its warehouse management systems, it can identify those assets that have undergone refurbishment and ensure that these are always called off out of stock ahead of brand-new parts, always ensuring the most efficient inventory levels.

TVS SCS has invested heavily in technology, for optimum management of the asset care cycle. TVS SCS uses artificial intelligence to support the process, generating efficiencies which are passed through the supply chain.

The conveyor production system, which enables the logging of serial numbers at speed, is automated using radio frequency scanners. This brings enhanced accuracy to the process and allows through-life asset tracking. TVS SCS has developed technological innovations so it can use image data capture to enable fault

identification. This provides high-resolution photographs that can be used to identify any damage or condition issues affecting the assets. This benefits the customer, as this information can be provided to further support warranty claims and returns processing.

Asset management and data reporting

By using the expertise of TVS SCS to manage your assets, you will benefit from a robust supply chain network that effectively negates the chance of disruption. TVS SCS’ supply chain is, by design, agile and innovative. It uses cutting-edge technology to streamline movement and processing. This means it can adapt to the demands of a quickly moving sector whilst simultaneously providing cost savings. Ultimately, this creates a high level of operational efficiency which delivers maximised profitability potential and protects the environment.

TVS SCS’ industry expert, Andy Lawrence, has over 30 years’ experience of logistics and supply chain management and brings a strong knowledge of the rail sector, allowing him to identify areas of opportunity and growth within your supply chain.

If you would like to start a conversation about how we can transform your supply chain, get in touch with Andy via the contact information below.

Tel: 07342999504. Email: andy.lawrence@tvsscs.com