Accurate and reliable equipment and maintenance Bill of Materials (BoMs) are crucial for assuring the correct equipment, with the correct specifications are procured in a timely and cost effective manner. A highly functional BoM will include a comprehensive list of materials, components and instructions required to build, replace or maintain a piece of equipment.
A high performing plant is one that is safe, efficient, reliable, and profitable and there are many critical success factors that come into play when it comes to striving for excellence.
Efficient and effective warehouse management relies on good quality and accurate data, fit for purpose processes and technology and a competent team. When any of these key success factors are compromised, a business is likely to experience:
- Wasted expenditure
- Time delays
- Production deficits
- Poor productivity
The computerized maintenance management system (CMMS) is a vital tool for achieving effective and efficient maintenance and materials management. Having good quality, accurate and structured master data linked to functional locations and maintainable items within the asset register enables maintenance and materials management to be cost-effective and highly productive.
An aging plant is one that has typically been operating over several decades and is likely to have gone through significant changes, ranging from modifications to expansions and design changes. As the asset gets older, there are several challenges that will inevitably arise, such as over or under maintained equipment, difficulties purchasing spare parts or changes in operating conditions that can lead to corrosion, erosion, mechanical damage, and other late life degraded failures.
Efficient inventory and spare part management is a fundamental requirement for achieving business performance goals and mitigating risk.
It is a known fact that planned preventative maintenance is significantly more cost-effective than breakdown maintenance or replacing expensive parts. For many companies, preventative maintenance is seen as an investment - one that must be carefully balanced, planned, and scheduled to reap the economic and safety benefits so that the return on investment (ROI) can be realized.
Without a meticulously planned preventative maintenance management regime, companies are subject to increased risk of equipment failure, loss of production, and excessive maintenance costs.
Logistics Managers can significantly reduce risks and unlock major efficiencies by deploying RFID tagging across key equipment. Having instant access to accurate, reliable information provided by unique identification tags can help you to protect the value of your plant or company, identify cost and resource saving opportunities, and minimize risk.
At a base level, RFID tagging allows you to very easily know what is what. It gives your equipment a digital identity, and allows you to associate detailed information with that identity - such as where it’s been, its current location, its service history, its cost, its maintenance, and much more - so that strategic decisions can be made with confidence.
In this blog post, we explore the key benefits RFID tagging can bring to Logistics Managers…
To mitigate risk of downtime, assure profitability and the safety integrity of an operating facility, regardless of the sector you are operating in, it is crucial to strike the perfect balance between holding enough spares to mitigate risk whilst minimizing expenditure.
From an inventory management and maintenance perspective, efficiently and cost effectively procuring the right equipment, at the right time for maintenance to commence without delay is fundamental for achieving asset performance goals, and is one of the biggest challenges that operating facilities face during day to day operations.
In our experience, the root cause of this usually stems from the quality and completeness of the data within the CMMS, or lack of it. A lack of standardization, missing information, wrong information and poorly linked data sets are some of the typical contributors to costly and inefficient spare part management.
Reeve Watt, Senior Consultant at Add Energy works directly with Maintenance and Supply Chain stakeholders to help operating facilities overcome these challenges. In this blog post, Reeve discusses proven solutions that can be efficiently deployed to optimize inventory management amid a cost conscious environment.