NSK releases cost saving calculator APP for TABLETS, SMART PHONES and PC

NSK has released a new cost saving calculator that allows users to quickly calculate the potential total life cost savings by using NSK bearings in any given application. The App can be downloaded onto any Apple, Android or Windows based phones or tablets, or directly onto your PC or laptop. Once downloaded the App allows you to directly compare the costs of purchase, installation, maintenance, replacement, downtime etc. between your existing bearing solution and an NSK bearing.

NSKwbslAs Operations Managers are coming under increased pressures to reduce costs in order to drive up margin, it’s becoming ever more important to be able to quickly calculate the Total Cost of Ownership (TCO) of components prior to specification. However this can often be a challenge as there are many variables to consider during the component’s life.

Specifying the most cost effective bearing solution, for example, isn’t straight forward. Direct comparison between initial unit purchase prices may be easy, but very often the cheapest bearing will also be the one which takes longest to install, requires additional maintenance and fails prematurely leading to downtime and additional replacement costs. Due to the relative low price per unit of bearings some people might think it’s not worth the hassle, but as NSK European Key Account Manager, Tim Cains, explains, this could be an expensive mistake.

“Bearings play a vital role in any application and a failure will almost certainly result in downtime at the very least, though it can also cause damage to other components which may be far more expensive. By specifying bearings which will operate reliably for as long as possible, maintenance and repair work can be minimised, as can unplanned downtime. We have many Success Story examples where we have saved customers many hundreds of thousands of pounds per year, simply by recommending and installing suitable bearings.”

The Cost Saving Calculator App is part of the full NSK program designed to optimise manufacturer efficiency and provide key skills for engineers. This is known as NSK’s Added Value Programme, AIP. This is a way to ensure that the technical expertise of NSK is married with customers’ industry knowledge to solve key problems in order to improve performance, increase reliability and ultimately enhance profitability.

The new App has been released to download from Apple’s App Store, Google Play and direct from the NSK Europe website. By simply entering data into a few specified fields, the user is able to quickly compare the costs of their existing bearing solution with an NSK solution; this can then be saved to the App or emailed to any chosen recipient. All of NSK’s sales engineers are trained to use the App and can assist in generating a cost saving calculation.

About NSK

Established almost 100 years ago, NSK (Nippon Seiko Kabushiki Kaisha) is a Japanese-listed company that has evolved from a regional ball bearing supplier to a roller bearing specialist and automotive supplier with a global market presence. Today, NSK employs more than 28,500 employees in 29 countries. As per March 2013 NSK achieved a turnover of 6,1 billion Euros. This result has been driven by ever-increasing investment in research & development, enabling the company to continuously improve the quality of its products and services.  This investment supports NSK’s objective of “No. 1 in Total Quality”. In addition to a complete rolling bearing portfolio, NSK develops and manufactures precision components and mechatronic products, as well as systems and components for the automotive industry, including wheel bearing units and electric power-steering systems.

In 1963, NSK’s first European subsidiary, Düsseldorf, Germany, was opened and in 1976, the first European production facility in Peterlee, England. Today, NSK Europe supports pan-European sales with production locations in England, Poland and Germany, logistics centres in the Netherlands, Germany and England and technology centres in Germany, England, France and Poland.  In 1990, NSK purchased the UPI Group including the renowned European bearing manufacturer RHP, with its factory in Newark (UK). Additionally, NSK has developed a comprehensive network of authorised sales distributors. NSK Europe is divided into application-based business divisions: Industry rolling bearing technologies & linear and precision technology (EIBU) as well as bearing modules and steering systems for the automotive industry (EABU & ESBU). In this organisation, NSK Europe’s 3,400 employees achieved a turnover of over 950 million Euros as per March 2013.

Editor Contact
DMA Europa Ltd. : Elizabeth Preciado-Achury
Tel: +44 (0)1562 751436
Fax: +44 (0)1562 748315
Web: www.dmaeuropa.com
Email: [email protected]

Reader Contact
NSK UK Ltd : Helena Measham, Customer Service Manager
Tel: 0500 2327464
Web: www.nskeurope.com
Email: [email protected]