{"id":53540,"date":"2021-04-06T07:15:00","date_gmt":"2021-04-06T06:15:00","guid":{"rendered":"https:\/\/abl-group.com\/abl\/?p=53540"},"modified":"2024-02-28T15:02:34","modified_gmt":"2024-02-28T15:02:34","slug":"a-data-driven-journey-to-maintenance-excellence-how-we-saved-46-5m-of-annual-maintenance-expenditure","status":"publish","type":"post","link":"https:\/\/abl-group.com\/abl\/all-media\/blog\/a-data-driven-journey-to-maintenance-excellence-how-we-saved-46-5m-of-annual-maintenance-expenditure\/","title":{"rendered":"A data driven journey to maintenance excellence: how we saved $46.5M of annual maintenance expenditure"},"content":{"rendered":"\n

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 realised.\u00a0<\/strong><\/p>\n\n\n\n

Without a meticulously planned preventative maintenance management regime, companies are subject to increased risk of equipment failure, loss of production, and excessive maintenance costs.<\/p>\n\n\n

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We interviewed Peter Adam, Executive Vice President for our Asset and Integrity Management division, to learn about a global maintenance optimisation project for an international energy company where we optimised CMMS data, maintenance and materials for over 1.3 million tags.<\/p>\n\n\n\n

In this blog, Peter shares insights into critical lessons learned<\/strong> from this project, the benefits<\/strong> that can be gained from investment into a data driven maintenance improvement initiative, and advice<\/strong> for others who are considering embarking on a similar project…<\/p>\n\n\n\n

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Can you give us a summary of why your client invested in a data driven maintenance optimisation initiative?<\/h2>\n\n\n\n

\u201cAs a market leader and organisation heavily focused on safety, operational excellence, and continuous improvement, our client recognised that preventative maintenance was an investment that would enable its operating assets to be safe, effective, and efficient<\/strong>.\u00a0<\/p>\n\n\n\n

\u201cThis required complete assurance<\/strong> that the right level of maintenance, on the right equipment, was being done with the right materials, at the right time \u2013 no more, no less. <\/p>\n\n\n\n

\u201cWith this in mind, the company made the key decision<\/strong>, and subsequent investment, to review and optimise its complete preventive maintenance regime on a global scale, covering over 16 assets, across 4 regions, including more than 1.3 million equipment tags.<\/strong><\/p>\n\n\n\n

\u201cTo add to the complexity, the company was operating in different Enterprise Asset Management Systems (EAMs) due to previous acquisitions of assets, and wanted to consolidate their approach to preventive maintenance and asset management by migrating into one single EAM solution, which was Maximo.\u201d<\/p>\n\n\n\n

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What were the drivers that triggered the investment in this project?<\/h2>\n\n\n\n

\u201cRisk mitigation<\/strong> – first and foremost, the company wanted to ensure they had a consistent and quality approach to maintaining equipment across the globe. <\/p>\n\n\n\n

“As safety is at the forefront of everything they do, they are committed to doing everything they can to mitigate risks to protect their people, the environment, and their business. And this project was crucial for providing the means to operate safely, by having complete visibility <\/strong>of what equipment they have, how important it is, how and when it should be maintained, and the materials that are required to do this.<\/p>\n\n\n\n

\u201cThey recognised the benefits of implementing a consistent and centralised approach to maintenance across their operating assets<\/strong>. They wanted to take learnings of good practice maintenance and ensure they were replicated across the business, as well as utilise the recommendations provided by ABL to help enhance their reliability.\u00a0<\/p>\n\n\n\n

\u201cCost was another key trigger for this project. The company invested into this project during a period when commodity price was low because they realised the projected ROI through a number of pilot studies completed to try and test the approach. This gave their leadership confidence that undergoing this project would unlock significant cost benefits, transform the way they operate and enable them to effectively maintain their assets into the future.\u201d<\/p>\n\n\n\n

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What type of work has been conducted as part of this project?<\/h2>\n\n\n\n

\u201cAs part of the project, our team within ABL was contracted to deliver the review, enrichment, optimisation, and data migration<\/strong> of their global approach to maintenance management. This included:<\/p>\n\n\n\n