Global manufacturers today face extreme margin pressures from low-cost producers, rising energy costs and regulatory & environmental restrictions. In this environment, companies manage high value facilities and equipment where each failure is disruptive and costly. At the same time, they must also adhere to stringent occupational safety, health and environmental regulations. Maintaining optimal availability, reliability and operational safety of facilities, equipment, and personnel is essential for an organization's competitiveness and survival.
The need to improve asset performance has never been greater. One barrier to improvement has been the absence of a performance management solution encompassing their divisions (i.e. Operations, Maintenance and Finance).
APM solutions help improve utilization and performance, reduce capital costs, reduce asset-related operating costs, extend asset life and subsequently improve ROA (return on assets).
We know there are a lot of performance management and key performance indicator solutions being offered in today’s market. They all seem to be making similar claims: their product will make your manufacturing process run better, faster, more efficiently and with greater returns. So, which one is right for you? What separates them and what are their limitations?
One of the biggest challenges for effectively improving plant asset performance is that the necessary information is scattered across disconnected silos of data in each department. Furthermore, it is difficult to integrate these silos due to several fundamental differences because:
- Process Control data is real-time data measured in terms of seconds
- Maintenance data is generally measured in terms of calendar based maintenance, i.e. days, weeks, months, and annual
- Financial data is measured in terms of fiscal periods
In addition to the technical differences between the data sources, there are cultural differences between the Operations and Maintenance departments. They have different performance criteria they are measured against, which are fundamentally at odds with each-other (Operations focus on utilization and throughput, Maintenance focus on availability). Operations personnel track metrics on process control and production planning data, whereas maintenance personnel track metrics on maintenance data from their EAM/CMMS.
Manufacturers are drowning in a flood of real-time data and losing revenues at the same time! For obvious reasons there is a growing call for a manufacturing intelligence solution that contextualizes the disparate data in a balanced scorecard platform.
The Mtelligence product's allow you to unlock valuable performance data from your manufacturing systems, such as asset management, plant floor monitoring and accounting systems, utilizing our balanced scorecard solution. And, once the data is normalized, a powerful set of statistical analytics are performed and integrated with the business intelligence layer.
But, the Mtelligence solution goes farther than dishing up static numbers – it enables you to compare performance at each level of your operations to industry benchmarks.
The report authoring and visualization tools enable front-line business users to uncover bottlenecks and perform root cause analysis, without having to understand the technical underpinnings of the data.
We invite you to discover how our asset performance management software can improve efficiency, reduce costs and increase revenues. For more information, please
contact us.