Test equipment is often the most significant capital expense for technology companies. Yet typical utilization rates for test equipment are as low as 10% and equipment health is not monitored. Low utilization and low Overall Equipment Effectiveness (OEE) waste both capital and operating expenses and shrink funding available for other critical programs.
Increase your test asset ROI
Monitor real-time utilization and equipment health data
Best-in-class companies know that investing to improve test asset management directly reduces Capital and Operating Expenses (CapEx and OpEx). Your realized savings can be applied to new technology development and vital engineering resources.
The monitoring of real-time, actionable utilization and health data enables you to take action to dramatically decrease test equipment CapEx and OpEx. PathWave Asset Advisor is at the core of Test Asset Management and Optimization. PathWave Asset Advisor, together with Keysight experts, allows rapid, data-supported decisions to maximize your return on test asset investments.
Capturing Utilization and Health Data Decreases Costs
Simplify Compliance Management
Easily locate and ensure compliance management for all your assets
Use the latest technology and a disciplined process to manage the visibility, availability, compliance, and overall equipment effectiveness of all your test assets. One wireless chipset manufacturer reduced write-offs of lost assets by 66%, while an aerospace and defense customer reduced rental charges by 50% by using Keysight's Test Asset Optimization Services.
- Track the location of you test assets for instant access by teams
- Reduce operating expenses with one vendor-agnostic management system
- Streamline inventory management and compliance audits
Improve Overall Equipment Effectiveness
Know true equipment utilization and health with real-time monitoring
Monitor asset utilization and physical condition with true utilization data captured by agents and sensors. One RF manufacturer discovered an under-utilized network analyzer and used it for $230,000 worth of trade-in credits. Real-time temperature monitoring also identified an environmental issue resulting in inaccurate measurements. Correcting this issue helped prevent early component failures.
- Use OEE data to optimize equipment usage and procurement
- Quickly identify and resolve equipment issues
Increase Asset Optimization
Optimize test asset usage by sharing equipment across teams
Share equipment across teams and locations with a central pooling service. Continuously monitor assets to identify instruments available for upgrade, trade-in, or disposal. One chipset manufacturer diverted funds to other programs after they identified four under-utilized signal generators. The manufacturer used the Keysight Loan Pooling Service to increase utilization of existing equipment rather than purchasing new equipment.
- Share assets across teams, labs, and manufacturing
- Reduce OpEx and overhead by eliminating aging and underused assets
- Preserve budget using trade-ins, buy-back programs, and rentals
Establish Asset Management Within and Across Teams
Research and Development
If each engineer has one to fifteen instruments, the investment could range per engineer from $100,000 to $1 million.
Test and Verification
Do you maximize equipment re-use each time you design a new test system? What if you could search a global inventory to locate the right assets, before you place a purchase request?
The average manufacturing production area has over 600 highly sensitive instruments valued at $30 million. Unexpected temperature, humidity, current, voltage, and physical shock variations can cause instrument defects and unplanned downtime. Could you avoid unplanned downtime with equipment monitoring?
Get more out of your test assets
Shift your perspective, enhance your processes, and transform test asset insights into an increased return on investment.
Download the eBook today to improve your results.