Warranty Fraud


Gowitek

Uploaded on Jul 15, 2019

Category Technology

Pump Monitoring Systems powered by remote IoT Monitoring solutions help track pump performance parameters in terms of temperature, vibrations, voltage fluctuations and more. It helps to make predictive decisions for improved maintenance.

Category Technology

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Warranty Fraud

Remote Pump Monitoring System Interesting facts • A Pump Manufacturer claims “only 1 out of 100 pumps they manufacture lasts 6 months without warranty claims.” This despite maintaining the highest level of product quality, reliability, and testing of all pump assemblies prior to shipment. • Currently manufacturing and material supply businesses are paying about 3%-7% of their total revenue to fund warranty claims that arise out of abuse or misuse of the product. Problem Statement Most Pump manufacturers have no validated system to detect and prove misuse by the user. Due to lack of Authentication technologies to prevent warranty Fraud manufacturers face: • Loss of Brand Value: Stronger the brand’s reputation and/or quality guarantees the higher the risk. • Product Recall/ Removal/ Dumping: Leading to revenue loss. • Replacement Material: Replace damaged components. • Time consumption: Manual auditing of warranty claim leads to poor service experience for genuine warranty claimants. Common Claims due to mishandling: • Motor Burning due to Voltage Fluctuations • Casting Erosion • Pulley Misalignment and Slippage of Belt • Pressure Spikes • Run Dry Seal Failure Technology Solution • Pump is fitted with specific sensors. Data collected from these sensors will reflect how the pump is being used. • Required sensors can be mounted on hardware. Data is recorded and analyzed remotely or by a program to identify faults. Primary receiver nodes (PRNs) can communicate with multiple sensor nodes simultaneously to collect real-time data. In turn, the PRNs connect directly to a database server computer. • All data collected by sensors once received by the network Coordinator is transferred to the gateway from where through GPRS/Ethernet/Internet it is then brought to Real Time Information System or RIMS. • RIMS comprises of the server part and the User Interface section. With the help of this IIoT Platform, Manufacturers can quickly identify the cause of damage and whether it falls under their warranty policies. Solution Architecture Benefits of IIoT based authentication process • Simple: Easy to integrate • Cost Effective: Cost per application is minimal • Fast: Takes comparatively less time to validate than manual system of examination. • Conclusive: It can authenticate each and every claim.