The contemporary organizations are under unceasing pressure to ensure that the cost of maintenance is minimized and that the output of the assets is maximized to enable them to remain viable in the competitive market. This challenge of growth requires an abandonment of expensive and reactive solutions to a plan that balances efficiency and reliability.
This is a critical shift that is defined as Asset Performance Management (APM) and is a continuous loop of management activities that is proactive rather than merely a repair. The APM approach to utilization phase only guarantees that the equipment is functioning at its optimal level instead of just running until it breaks down.
Finally, Cryotos make the most of this shift by ensuring that every single piece of machinery brings profit and creation of ROI on each and every unit of machinery. This strategic worth will enable your organization to transform your daily maintenance into an engine of long-term development that can be measured.
The adoption of a strong APM strategy would trickle down the organization:
APM excellence is not something that you just turn on the switch, but it is a journey up the pyramid of Maintenance Maturity. The general hierarchy of most organizations is to start at the bottom, and strive to rise through these five levels of sophistication:
The better the reward the higher you climb. A move towards proactive, data-driven firefighting instead of reactive leads to direct financial outcomes. Organizations that achieve the highest points in this pyramid may achieve substantial benefits, such as 30-percent savings in the costs of spare parts and a reduction in the number of downtimes by a drastic margin. You can prevent the unnecessary waste of budget on unnecessary repairs by ensuring that you optimize the time and method in which you maintain equipment extending its asset of life.
The adoption of Asset Performance Management as a success will need more of a staged approach than a single attempt. This rationalized lifecycle has made sure that all your assets are maximized in terms of strategy to implementation so that you have your team following the following critical stages:
It is important to identify your objectives before purchasing software. Do you want to decrease the downtime by a quarter or increase the service life of the assets by half a decade? Determine the resources and tools needed to achieve these goals.
This is the point of contact between the rubber and the road. It entails the implementation of your APM software and most importantly the training of your employees. When it comes to technology, technology is simply as good as people.
APM is a continuous loop. Manage real-time information and dynamically change maintenance plans using your system. When a machine is performing well than expected, then you may risk you may postpone a planned service to save money.
Lastly, take the information obtained as a way of detecting long-term trends. Analysis will assist in identifying recurrent patterns of failures, enabling you to design them all together to make future improvements.
Even with good intentions, many organizations stumble. Watch out for these pitfalls:
The days of managing maintenance on spreadsheets and whiteboards are over. Cryotos eliminates "siloed" systems by providing a single operating system for all your maintenance needs.
To Future proof your operations, your APM strategy should adopt modern technology:
Asset Performance Management is not an option anymore; it is a requirement, no matter what sector you are engaged in, be it in manufacturing, oil and gas, or in the healthcare industry. It is the crucial distinction between a plant that is hard pressed to meet the expensive maintenance and one that dominates the market with its efficiency and dependability.
With an APM, you are no longer doing basic maintenance. You turn your physical equipment into cost centers that will be utilized as long-term sources of profitability, which will secure future growth.
Ready to stop paying for downtime? Explore how Cryotos can integrate with your operations to automate your maintenance and protect your assets.
