Transforming insights into actions to cut down operations and maintenance expenditures.
Companies are keen to increase their return on assets, lower operating and maintenance expenses, enhance service availability and reduce risk. Failures are inevitable, but what are the risks?
LTPlabs follow a three-phase approach to help its customers to predict and increase asset reliability and asset utilization. By means of analytics, our customers may achieve a continuous improvement and sustainable maintenance loops:
Align reliability with a business goal. Identify physical assets contributing to the goal. Prioritize assets/ risks measurement assets. Establish target performance requirements.
Performance analysis. Number and types of asset failures. The root cause of failures. Materials/ spare parts inventory. Maintenance costs.
Forecast accuracy of failures. Maintenance strategy, planning, and scheduling. Asset Utilization.