Third-party research in Forrester Consulting’s Total Economic Impact (TEI) Study examines how one customer reduced waste, improved productivity, and more.
As manufacturers seek to gain visibility into their production, harness actionable data, and progress their digital transformation journey, they are increasingly turning to technology like the Plex Smart Manufacturing Platform™. To provide companies considering Plex with an accurate, evidence-based view of the potential benefits and costs associated with this important investment, Plex commissioned Forrester Consulting to interview stakeholders, gather data, and construct a financial model framework during their in-depth analysis.
Not every company runs the same and one of Plex’s strongest points is that you can configure it to run your business without having to pay them millions of dollars to configure it for you."
Manager of IT Services, Automotive Supplies Manufacturing
Office staff are saving a good 25% to 30% of their time just because they can do a quick search for information now rather than having to write it down."
VP of IT Services, Automotive Supplies Manufacturing
The results are a detailed view of how Plex positively impacted one customer in specific and quantifiable ways. Study findings include a three-year breakdown of the value Plex provided to the customer, including:
- 400% ROI with payback in under six months
- 30% time savings for office staff translating to $6.7 million in savings
- $2.2 million in productivity savings related to operators
- $1.7 million in inventory waste savings
- Enhanced ability to track product quality
- Fast implementation and ease of Plex configuration
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