Medical Device Companies Can Benefit from COAST Systems New Global Mold Asset Management Program

Company reports C•MVP” transforms the way manufacturers manage and maintain their physical assets

Friday, February 26, 2021

COAST Systems is a computerized maintenance management system (CMMS) technology provider that offers specialized plastics manufacturing consulting and global mold asset management services.  Today they announced its new “C•MVP” offering, also known as the COAST Mold Visibility Program.

C•MVP by COAST Systems combines powerful computerized maintenance management software (CMMS) with expert mold management advice to help manufacturers gain total control over the integrity, reliability, and whereabouts of their physical mold assets. According to Bill Cunha, vice president of business development at COAST Systems, it’s not unusual for tooling manufacturers to have difficulty locating their assets at any given time. “This can be especially challenging for companies with multiple manufacturing facilities who may or may not share valuable tool assets,” said Cunha. “Whether those assets leave their original location or not, it’s difficult to maintain business continuity and keep up with supply and demand when the exact location and condition of molds isn’t readily known,” Cunha added. “COAST’s C•MVP is a cost-effective opportunity for medium- and large-scale enterprises to reduce downtime, improve efficiency, stabilize supply chains, reduce service hours, and improve their bottom line.”

COAST Systems C•MVP provides one source for scalable, end-to-end services to optimize the life cycle of an entire portfolio of assets, wherever they are located. The enterprise solution is used by companies who produce their molds in-house, as well as those who use outside injection molding partners. “C•MVP can be tailored to address specific problems and needs while delivering significant and measurable value,” commented Jerry Sherman, president of COAST Systems. “Our ultimate goal is to help companies fully realize the concept of utilization. Once this occurs, they can predict and budget for the future since every tool has a lifespan,” Sherman explained. “Our complete global mold asset management solution is a forward-thinking and streamlined approach that elevates companies to new levels of manufacturing excellence.”

The comprehensive program is ideal for multinational consumer packaged goods, medical device, pharmaceutical, industrial, and automotive manufacturers. It is designed to help all involved parties create a better understanding of asset management, reach a consensus on manufacturing objectives, and work with COAST to prepare a customized plan for successful implementation.

The COAST Mold Visibility Program integrates with the company’s CMMS platform that offers a flexible and configurable interface, fast setup and deployment, ISO compliance, and 100% Amazon cloud-based storage. “We are uniquely able to combine our proven technology with high-level support because of our team’s deep experience in plastics manufacturing and maintenance management,” said Sherman. “Not only is our global mold asset management program unique, but it was developed by experts who truly understand the daily challenges that occur on the plant floor.”

The company highlights the following key features of CMVP:

  • Dedicated regional support
  • Tooling asset and life cycle management
  • Supplier onboarding and management
  • Procurement and financial management
  • Mold qualification and validation
  • Tooling condition and health monitoring
  • Mold replacement
  • Spare parts inventory
  • Staff augmentation
  • Mold decommissioning
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