8 Ways to Increase Return on Test Assets

eBooks

Save Money. Increase Test Utilization.

 

You’re expected to deliver excellent results while staying within stringent constraints. From a business perspective, there are three ways to do this: cut costs and deliver the same topline, hold costs steady and increase revenues, or invest more to create a giant leap in output.

 

These days, most organizations pursue the first two while the growth stars chase the third. Whichever situation you face, your most underutilized set of assets is likely to be test equipment. In practice, utilization rates are typically 10 percent in R&D and 50 percent in manufacturing.

 

For your technical staff, highly available test equipment can be a high-leverage asset. However, without an accurate view of the location and utilization of your installed assets, it is difficult to make sound decisions in a timely manner: Purchase, rent, or wait? Redeploy, upgrade or dispose?