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Analyst Reports

Forrester Consulting Study: The Plex Smart Manufacturing Platform™ Delivered 400% ROI

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Preview Forrester Consulting Study: The Plex Smart Manufacturing Platform™ Delivered 400% ROI

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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.

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

“Our biggest improvement due to Plex was [gaining] the ability to make sure that [a] product that was on ‘suspect’ status did not get shipped because our previous system didn’t have that ability. … Plex allows us to keep track of our product.” -Manager of IT Services

Not ready to download the full study? Click here to see an infographic of the highlights.