INTELLIGENT ASSETS REPORT
Intelligent Assets can help mitigate and eliminate unplanned downtime - those catastrophic events that can have major impacts on your supply chain and cost in general .”
Allowing companies to take a more proactive approach to routine maintenance and critical repair instantly improves risk mitigation . Traditional asset management is an inexact science , at best , often informed by OEM recommendations , time-based best practices or , in some instances , the heuristic gut instinct of individual engineers and operators .
Take the equipment used in an oil field . In this high pressure , technical environment , traditional asset management would usually dictate that maintenance on a centrifugal pump is informed by time-based metrics . Blanket assumptions such as these ,
Intelligent Assets allow you to be more lean in using materials for repairs or maintenance
however , do not account for a wide variety of variables such as uptime or operating conditions .
“ With a simple vibration sensor integrated into that pump , operators are able to change the way they look at maintenance , pull information and data , plot trends and analyse that accordingly ,” Romanoski says . “ The result is a more dynamic and prescriptive understanding of exactly when a pump needs lubricating , for example . The true power of the Intelligent Asset is in changing the basic , reactive emergency work or timebased , planned maintenance and being more prescriptive and tailored to that specific asset and use case . Ultimately , you can reduce the unplanned events that often carry a big price tag .”
Intelligent Assets can also alleviate cost leakage . Unnecessary maintenance not only means machines are unproductive and idle when they could be serving customers , it carries hidden costs in the form of labour and the use of expensive spare parts .
“ Intelligent Assets allow you to be more lean in using materials for repairs or maintenance ,” Romanoski says . “ Because you have a full understanding
manufacturingglobal . com 115