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%.
Funding
$590K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
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.
Target Audience
WorkbenchX targets maintenance teams, OEMs, and service providers involved in the industrial equipment and component lifecycle.
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