When we’re looking back at the work we’ve done over the last month or year, there are some impressive numbers. In some cases, one solution we provided might have saved a plant 50K or more. So when you have numbers that large, the smaller stuff can seem almost insignificant. We have to remind ourselves – and our customers – that it’s not. Saving a small amount on one component (and another and another and another) adds up to huge savings across your entire operation. Just because you’re not seeing five-digit savings numbers on each project doesn’t mean it’s not critically valuable to your profits.
Industry – Metals & Steel
Region – Northwestern PA
Cost Savings – $990
Bearings were failing 2-3 times per year. ErieTec identified that the environment was too wet for standard grease.
ErieTec added solid grease to the bearings instead, tripling their lifetime.
The bearings were costing $40 each so three failures per year was $240. Labor ran about $250 each time they failed, equating to $750 per year. The total savings by eliminating those failures is $990 per year.