WorkbenchX

About WorkbenchX

WorkbenchX is a circular supply chain platform that utilizes Corematch and Scanbench technologies to connect original equipment manufacturers, equipment users, and service providers for the repair, refurbishment, remanufacture, and recycling of industrial components. By transforming excess and end-of-use parts into valuable resources, the platform reduces costs by up to 60% and carbon consumption by up to 80%.

```xml <problem> Over 90% of industrial components are scrapped at the end of their use, representing a significant loss of valuable materials and embedded energy. Connecting end-of-use parts with appropriate service providers for repair, refurbishment, or remanufacturing is often difficult and costly. Assessing the condition of these parts can also be expensive, hindering the economic viability of circular economy activities for industrial components. </problem> <solution> WorkbenchX provides a circular supply chain platform that connects original equipment manufacturers (OEMs), equipment users, and service providers to facilitate the repair, refurbishment, remanufacturing, and recycling of industrial components. The platform uses Corematch, a web/mobile app, to match end-of-use components with the highest-value retention opportunities. Scanbench, a proprietary technology, assesses the condition of cores with integrated quality inspection capabilities. WorkbenchX's workflow engine manages circular economy partners, executes repair, remanufacturing, refurbishment, and recycling activities, and generates ESG reports. By transforming excess and end-of-use parts into valuable resources, the platform reduces costs and carbon consumption. </solution> <features> - Corematch web/mobile app for matching end-of-use components to retention opportunities - Scanbench technology to assess core condition with integrated quality inspection - Workflow engine to manage circular economy partners and execute repair/remanufacturing activities - ESG reporting capabilities - Facilitates high-value circular loops of repair, refurbishment, remanufacture, and recycling </features> <target_audience> WorkbenchX targets maintenance teams, OEMs, and service providers involved in the industrial equipment and component lifecycle. </target_audience> ```

What does WorkbenchX do?

WorkbenchX is a circular supply chain platform that utilizes Corematch and Scanbench technologies to connect original equipment manufacturers, equipment users, and service providers for the repair, refurbishment, remanufacture, and recycling of industrial components. By transforming excess and end-of-use parts into valuable resources, the platform reduces costs by up to 60% and carbon consumption by up to 80%.

Where is WorkbenchX located?

WorkbenchX is based in Perth, Australia.

When was WorkbenchX founded?

WorkbenchX was founded in 2022.

How much funding has WorkbenchX raised?

WorkbenchX has raised 590000.

Location
Perth, Australia
Founded
2022
Funding
590000
Employees
6 employees
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WorkbenchX

Score: 65/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

WorkbenchX is a circular supply chain platform that utilizes Corematch and Scanbench technologies to connect original equipment manufacturers, equipment users, and service providers for the repair, refurbishment, remanufacture, and recycling of industrial components. By transforming excess and end-of-use parts into valuable resources, the platform reduces costs by up to 60% and carbon consumption by up to 80%.

workbenchx.com700+
Founded 2022Perth, Australia

Funding

$

Estimated Funding

$590K+

Team (5+)

Joe A.

Joe A.

John Searls

John Searls

Company Description

Problem

Over 90% of industrial components are scrapped at the end of their use, representing a significant loss of valuable materials and embedded energy. Connecting end-of-use parts with appropriate service providers for repair, refurbishment, or remanufacturing is often difficult and costly. Assessing the condition of these parts can also be expensive, hindering the economic viability of circular economy activities for industrial components.

Solution

WorkbenchX provides a circular supply chain platform that connects original equipment manufacturers (OEMs), equipment users, and service providers to facilitate the repair, refurbishment, remanufacturing, and recycling of industrial components. The platform uses Corematch, a web/mobile app, to match end-of-use components with the highest-value retention opportunities. Scanbench, a proprietary technology, assesses the condition of cores with integrated quality inspection capabilities. WorkbenchX's workflow engine manages circular economy partners, executes repair, remanufacturing, refurbishment, and recycling activities, and generates ESG reports. By transforming excess and end-of-use parts into valuable resources, the platform reduces costs and carbon consumption.

Features

Corematch web/mobile app for matching end-of-use components to retention opportunities

Scanbench technology to assess core condition with integrated quality inspection

Workflow engine to manage circular economy partners and execute repair/remanufacturing activities

ESG reporting capabilities

Facilitates high-value circular loops of repair, refurbishment, remanufacture, and recycling

Target Audience

WorkbenchX targets maintenance teams, OEMs, and service providers involved in the industrial equipment and component lifecycle.

WorkbenchX - Funding: $500K+ | StartupSeeker