ARE THERE REALLY GAPS?
When it comes to asset information, there are many components that make up the whole picture, and depending on your role in relation to those components the gaps could be non-existent or massive on the same piece of equipment.
If you are in engineering you are dealing with the required function of the equipment - the functional physical object - and the information to support that is typically well controlled. It doesn't change frequently, and when it does its off the back of an engineering change that is again typically well controlled.
But if you are in purchasing, construction, or operations & maintenance you are dealing with a specific piece of equipment from a manufacturer that has been selected to fulfil the required function - the materialized physical object. There are a wide range of circumstances that could result in a different make, model, serial number of equipment being installed at any point in time - logistics, schedule, replacement, etc. And this information could, and generally does, change quite frequently.
Most organizations struggle to initially capture the materialized physical object and then keep it in sync with the changes going on in the physical plant. It is common for more than 50% of asset databases to be without materialized asset information. But once you capture the information, changes in the physical plant lead to data corrosion which can typically be in the 1%-2% per month range.
WHY DOES IT MATTER?
If you just knew you had a car, but you didn't know the make & model of that car, how would you go about planning a maintenance regime that was compliant with manufacturer's specifications. And how would you go about purchasing critical spare parts to ensure that maintenance is not going to be delayed waiting for parts?
And if at one time you knew you had a Nissan X-Trail and planned accordingly, only to find when you go to perform the next service that it had been swapped for a Toyota Camry all of your spares purchases and maintenance planning would be worthless.
But that is exactly the situation being faced by clients who are struggling with closing the gaps in their asset information. Without a strategy to keep your materialized physical object information in sync with the changes in the physical plant your supply chain and maintenance strategies are not delivering the value to the organization that they should be.
ORDITAL Helps You Close the Gaps
Name plates attached to equipment are the most trusted source of materialized asset information. So organizations routinely send people out to physically verify that information. However, traditional inspections are notoriously inaccurate and very expensive to conduct, however up till now it was the only option available to organizations.
ORDITAL is changing the landscape with solutions to allow organizations to quickly and reliably capture classified photographs of equipment and turn this into information with measurable quality that closes the asset information gaps and allows organizations to realize the potential of their Enterprise Asset Management solutions.
Dramatic Efficiency IMPROVEMENTS
In a traditional field audit you would have people out in the field writing down data, or keying it into a handheld device. Aside from the significant inaccuracies in this approach, it is very inefficient. The most expensive part of any audit is getting people to stand in front of the asset. These people have often been through training and inductions required to work in hazardous environments and are generally not cheap labour. By having these people stop and write down or key in data - aside from the inherent inaccuracies - typically results in between 75 to 100 assets being audited per day. This gives a very high cost per asset just to stand in front of the asset. By way of example, if we have a fully loaded man hour cost of $150/hour then 75 assets per day is a cost of $16 per asset just to have someone standing in front of it.
Now lets contrast that with the ORDITAL experience where often see in excess of 300 assets per day being audited. This immediately drops the cost to visit each asset to just $4 - a whopping 75% saving in the most expensive part of the audit. It's simple and makes sense - if someone simply needs to take a few photographs then move on to the next asset they can do that a lot quicker than standing there keying in data in the field. Then by utilizing ORDITAL's On-Demand services you can turn this large high resolution photo archive (big data) into quality information with measurable quality.
ASSET NAME PLATES
Contains information that was accurate at the time it was attached to the equipment and is the most trusted source of information in an organization.
Critical spare parts and tools are required to be available to support safe and continuous operation of the facility. Strategies to minimize cost and holdings are critical to an organization.
Maintenance plans are developed to ensure that the facility continues to operate safely and reliably at the minimum possible cost to the organization.