Manufacturing Magazine October 2023 | Page 20

INTERVIEW WITH ...
strategy , according to the US Department of Energy .
“ A 2015 study on UK companies found that initial adopters of outcomebased service models have experienced significant cost reductions of 25-30 %. Against a backdrop of inflation , budget squeezes , on time delivery and productivity challenges , the ability for industrial enterprises to maximise uptime by carrying out cost-effective , data-driven maintenance schedules is crucial but very beneficial .”
Q . HOW DO BUSINESSES GET TO OUTCOME-BASED MODELS ?

» “ Digitalisation and long-term agreements are both critical if we are to progress to outcome-based service models .

“ Without connected assets , we cannot deliver outcomes . Tracking the performance of digitally connected motors and drives , for example , is enabling a shift towards predictive maintenance informed by data . Early warning signs of equipment failure – like changes in vibration , temperature , or pressure – trigger
Outcome-based long-term agreement
Uptime , energy savings
Time-based maintenance strategy
Connected devices are key !
Reactive maintenance strategy
Condition monitoring , preventive mainenance , inspection and diagnostics , etc
Spare parts , remote / on-site support , exchange service , etc .