Break out of the break-fix mentality
Enterprise asset management an important tool for improvement, says Aberdeen/Plant Engineering report
Manufacturers looking to improve the return on their assets need to break out of the‘break-fix mentality’ and embrace structured maintenance programs driven by an enterprise asset management system.
That’s the primary finding in a new study conducted with the Aberdeen Group and Plant Engineering magazine released this week. The study found that best-in-class manufacturers are twice as likely to establish continuous improvement teams and to standardize processes across the plant floor.
“Best-in-class companies are using enterprise asset management strategies to reduce operational cost, improve profitability and hence improve the competitive edge in the marketplace,” said study author Mehul Shah.
Those manufacturers using EAM realize 93% overall equipment effectiveness (OEE), 97% plant throughput and just 3% asset downtime , according to the study report. Laggards in those categories experience just 67% OEE, 74% throughput and 34% asset downtime.
“Aberdeen Group findings indicate that the adoption level of EAM solutions has increased since last year for manufacturers across the three categories of performance,” Shah said. “This truly highlights the importance of looking at asset management at an enterprise level.”
Even so, the move toward structured maintenance programs is still woefully behind. The Aberdeen Group study found that only 40% of best-in-class manufacturers had implemented a reliability-centered maintenance approach. A Plant Engineering study last year found that 60% of manufacturers had no maintenance program of any kind working on their plant floor.
Another area of success was found in mobile devices . Best-in-class manufacturers were 1.5 times more likely to integrate mobile devices with their asset management systems, and were 30% more likely to use those devices to initiate work orders from the mobile devices without going back to their work stations.
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Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey