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Enhance Product Reliability and Reduce Warranty Costs through Data-Driven Analysis

Discover how effective warranty analysis can significantly enhance the reliability of your products while reducing warranty costs. By utilizing field failure data collected during the warranty period, businesses can identify critical failure trends and implement design changes to prevent future issues. Accurate forecasting models allow for better inventory planning, cost management, and service pricing. This approach not only increases customer loyalty and brand reputation but also provides valuable insights for the next generation of products.

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Enhance Product Reliability and Reduce Warranty Costs through Data-Driven Analysis

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  1. Warranty Analysis sales@beanalytic.com http://BEanalytic.com

  2. Why • Customer Value Proposition • Improve field reliability of the products • Reduce downtime of products • Supplier Value Proposition • Reduced warranty costs • Better planning of funds, inventory & logistics because to more accurate warranty forecasts (while estimating and setting targets for EBIT, net working capital, etc) • Profitable pricing of extended warranty/services • Increase brand reputation & customer loyalty • Useful as lesson learnt for next generation products http://BEanalytic.com

  3. How • Utilizing field failure data collected during warranty period • Improve products • Identify and prioritize field failures which can increase reliability and reduce warranty cost significantly • Initiate design/process changes and implement them to mitigate or contain priority field failures • Forecasting warranty • Create stochastically models to capture failure trends at failure mode level • Generate forecasts from the models at failure model level and roll them up to product levels • Forecasts should based on requirements like failure count for inventory planning or recall strategy, costs for reserving amount to pay warranty, costs of extending warranty http://BEanalytic.com

  4. Warranty Analysis Improve Products Field Failures Improve Prioritize Fix Identify Forecasting Recall ? Data Make Decision Extended Warranty Model Estimate http://BEanalytic.com

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