Preventive and Predictive Maintenance | The beating heart of Smart Factory
Predictive Maintenance and Preventive Maintenance are the new frontiers of industrial competitiveness. Operators in the manufacturing sector are increasingly adopting digital technologies to increase the efficiency of production facilities and transform their companies into a Smart Factory. Let’s find out what it’s all about and the advantages of smart maintenance for company assets.
What is Predictive Maintenance?
Predictive Maintenance? is the key element of Industry 4.0, focusing on the health of machinery in order to predict the occurrence of faults. The conditions of the machines are monitored in real time through the use of intelligent sensors installed in the production plants.
In this way, the company is able to know in real time the wear and tear of mechanical components, schedule maintenance operations and perform maintenance before the failure occurs.
Predictive Maintenance helps:
- Optimize machine productivity
- Reduce downtime
- Obtain significant savings on maintenance and replacement costs
- Achieve better levels of safety, health and customer service.
According to the “Predictive Maintenance” report, the annual growth from 2017 to 2022 will be + 39% for companies implementing Predictive Maintenance. This has a value of almost $11 billion (Source: IoT Analytics).
What is Preventive Maintenance?
Preventive Maintenance consists of maintenance, revision, replacement or repair intervention before the failure occurs. These are precautionary interventions scheduled regularly and are aimed at reducing the failure or degradation of the functioning assets of a company. Predictive and preventive maintenance play a strategic role in Industry 4.0. In fact, proactive asset management helps companies in the manufacturing sector to reduce service costs and interruptions in the production process.
The Smart Factory approach and Enterprise Asset Management
The productivity of companies is subject to complex challenges. Keeping the machines in tip-top shape and always productive is a must. Equipment failures and unplanned downtime can have disastrous effects on plant operations because each repair requires time, personnel and money.
Companies usually repair their machines after a failure which causes production lines to stop or slow down. The help of technology is essential and today, modern solutions play a crucial role in enabling us to reduce costs and downtime, increase productivity and competitiveness.
The Smart Factory approach uses Enterprise Asset Management tools that help foresee the unexpected and avoid arrests, breakdowns, and interruptions through Predictive and Preventive Maintenance. Better safe than sorry!
Agile technology for Asset Management
The ability to anticipate events and maintenance interventions implies the constant efficiency of processes and better service. The adoption of Enterprise Asset Management solutions can lead to a 70% reduction in non-budgeted stops, with a reduction of up to 30% in maintenance costs.
In this context, Infor EAM, the leader in Enterprise Asset Management for the Gartner 2018 Magic Quadrant, offers an intuitive solution for the maintenance management of corporate strategic assets, as well as consolidated experience in the application of Smart Manufacturing.
Infor EAM collects Big Data from production processes in real time and identifies areas where productivity can be improved. The solution allows you to optimize plant performance, eliminate unplanned service interruptions and directly intervene in energy waste.
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