Genpact asset optimization

Genpact executives discussed the company’s comprehensive portfolio of engineering and asset optimization solutions.


Genpact industrial asset optimization demonstrates that intelligent enterprises can be powered by progress.

Industrial companies often have difficulty growing services businesses to increase profitability. With service optimization tools, original equipment manufacturers (OEMs) can see:

  • 10-15% in revenue increases
  • Service cost reduction of 8-10%
  • Improved asset uptime up to 10%. 

OEMs face financial and operational risks in the absence of an effective industrial asset optimization program. Up to 30% incremental value is possible through an industrial asset optimization program.

How can OEMs services be improved? Tools, such as data integration, reporting, algorithm automation, statistical analysis, predictive modeling, and process optimization, can be used to obtain their goals.


Connect (robust and secure), collect (use big data protocols), compute (derive actionable insights from data), and control are the steps to improving an industrial assets portfolio. Upon completing these steps, results include greater asset reliability with less unplanned downtime, reduced financial and operational risk, and lower product failure rates. 

Oil and gas, transportation, utilities are among clients using analytics, processes, and technology to create services transformation and asset optimization.

Example benefits – achieved by actual companies – include:

  • 10% improvement equipment time and performance with remote monitoring for a power generation OEM.
  • 10% reduction in predictive maintenance costs for a leading power generation OEM.
  • Support $10 billion of service contract pricing through reliability for a global aerospace OEM.
  • Incremental revenue of $42 million over next 10 years for contract compliance for a global aviation company.
  • *12% cost reduction by optimizing the field force for a global energy services company.
  • 56% lower working capital and $30 million in cost avoidance for field inventory management and reverse logistics for a global medical equipment company.
  • $14 million incremental revenue by increasing installed base accuracy and streamlining new install process for a global medical OEM. 

GE spun off Genpact in 2006. The company has 65,000 employees, more than 600 clients, and a focus on process excellence.


- Mark T. Hoske and Jordan M. Schultz, content managers CFE Media, Control Engineering, and Plant Engineering,,

No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2013 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
A cool solution: Collaboration, chemistry leads to foundry coat product development; See the 2015 Product of the Year Finalists
Raising the standard: What's new with NFPA 70E; A global view of manufacturing; Maintenance data; Fit bearings properly
Sister act: Building on their father's legacy, a new generation moves Bales Metal Surface Solutions forward; Meet the 2015 Engineering Leaders Under 40
Cyber security cost-efficient for industrial control systems; Extracting full value from operational data; Managing cyber security risks
Drilling for Big Data: Managing the flow of information; Big data drilldown series: Challenge and opportunity; OT to IT: Creating a circle of improvement; Industry loses best workers, again
Pipeline vulnerabilities? Securing hydrocarbon transit; Predictive analytics hit the mainstream; Dirty pipelines decrease flow, production—pig your line; Ensuring pipeline physical and cyber security
Upgrading secondary control systems; Keeping enclosures conditioned; Diagnostics increase equipment uptime; Mechatronics simplifies machine design
Designing positive-energy buildings; Ensuring power quality; Complying with NFPA 110; Minimizing arc flash hazards
Building high availability into industrial computers; Of key metrics and myth busting; The truth about five common VFD myths

Annual Salary Survey

After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.

The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.

Read more: 2014 Salary Survey: Confidence rises amid the challenges

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.