Those who work efficiently and with the greatest possible costeffectiveness gain advantages on the market - whether in mechanical engineering and the automotive industry, in the chemical and food industries, or in logistics. Optimal utilisation of machines with as little downtime as possible is the key to success - combined with strict cost control. What sounds plausible in theory is complex in practice. In the recently released Enterprise Asset Management (EAM) Trend Report 2022 by IFS Ultimo, companies name uptime (33.73%), efficiency (30.47%) and cost control (19.53%) as the most important KPIs for asset managers across all sectors. At the same time, the vast majority of survey participants (82.17%) were unable to quantify how much downtime costs their company per hour. Additionally, 60.45% of the asset managers surveyed had experienced unplanned downtime in the past year. What was the cost of this downtime - and what measure would have prevented or reduced this downtime, and at what cost? Those who know these figures make them transparently available in the company and use them as a basis for maintenance and repair decisions, saving on costs and thus increasing their productivity and profitability. Know and minimise the costs of downtime The aim is therefore to keep machinery and equipment in optimum condition and thus production up and running. This also ensures timely delivery to the customer, on which follow-up orders and market image Maintenance Matters Focus on: Plant & Asset Management 12 | Plant & Works Engineering www.pwemag.co.uk August/September 2023 How EAM software helps reduce costs Optimal utilsation of assets, low downtime and low maintenance costs ensure the highest possible productivity. This requires an intelligent EAM solution for registering and analysing the data. may depend. Good reasons to treat the topic with high priority. Properly maintained machines and equipment save costs through maximum service life without unexpected failures, through a long service life of the individual components and through high energy efficiency. At the same time, they ensure consistent, high product quality and little waste. Service life and maintenance costs in balance Working economically also means knowing the costs of the necessary maintenance and upkeep and putting them in a reasonable relation to productivity increases and costs for downtime. Maintenance costs include time, labour and costs for personnel, as well as for spare parts and materials and their procurement. In addition, when deciding on a measure, consideration should be given to whether a small additional expense can significantly extend the expected service life of the equipment and whether the benefit is justified at all. Apart from efficiency of maintenance and repair work, the provision of labour and spare parts must also be considered from an economic point of view. If you know all these costs, you can identify cost drivers or inefficient measures and make informed decisions that can reduce costs sustainably. Which is less expensive - Predictive maintenance Vs repairs? Once there is clarity about the concrete costs, plant operators can weigh up which cost benefits can be exploited through predictive maintenance,
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