Case Study: Commonized Frame for a Commercial Vehicle Trailer

The Problem

A medium sized North American Trailer/Bulk Transport manufacturer specializing in providing custom Trailers to the oilfield industry was facing issues with ageing product designs causing low production throughput, inventory build-up, inability to quickly address market fluctuations in demand of product type and very low margins

Lodestar’s Solution

  • Lodestar worked closely with the customer’s team to develop a configurable common frame design, whereby by bolting on components and sub-assemblies the customer could create three different product types.
  • This enabled the customer to quickly customize a product type based on market demand without having to hold finished inventory.
  • Lodestar’s team designed and engineered the common frame and the bolted on components, manufactured them following stringent quality standards and shipped them to customer site

Results

Lodestar’s solution enabled the customer to

  • Develop a new and a better design within 15-20 days, instead of their normal 60 – 90 days turnaround
  • Focus more on growing sales resulting in at-least two more new accounts in the last quarter.
  • Focus production resources on assembling bolt-on systems which has helped raised throughput
  • Reduce their manufacturing costs around 20%, with significantly improved higher product quality, resulting in substantial increase in net margins.