Today’s business world is posed by the high pressure of increasing overall efficiency and cost optimization, especially the asset-intensive organizations, as they are challenged to balance between asset cost, risk, and performance. Usage of Enterprise Asset Management (EAM) system to maximize the performance and economic value of your complex asset is the key to align with the overall business strategy.
Traditionally, plant and asset operations are cost centers trapped in the paradigm of continued investment on fixed assets. Powerful EAM systems are built with a focus on optimization methods to improve maintenance costs and life-cycle costs, thereby increasing the asset uptime and reducing inventory costs.
What do you achieve from Improved Asset Lifecyle:
How does EAM impact various Industries?
Each industry variant has its own set of challenges. While the underlying business objective remains unchanged – reduction in asset downtime and increase in the bottom line. Here are a few industry specific benefits:
|Manufacturing||Insights into the health of machine components and manage the maintenance, repair, and classify the possible failures which increases OEE (overall equipment effectiveness) and overhaul of (MRO) activities.|
|Oil and Gas & Mining||Asset-intensive process industry requires real-time monitoring of assets for capturing incident investigation and track the action to be performed for reliable plant performance.|
|Medical and Life sciences||Automates work management, enables efficient inspection process, supports audit trails and enhances accurate document control|
|Transportation and logistics||Reduces unplanned road calls, on-demand compliance documentation like condition, road tax, insurance, etc which is key while scheduling vehicle to the drivers. Precise tracking enhances overall customer satisfaction.|
Didn’t find your industry here? Learn more from our Asset Management experts about optimizing asset performance, reducing unplanned asset downtime and reducing maintenance costs. Write to us at email@example.com.