Utilising Manufacturing Assets with an Effective EAM Solution
Manufacturing companies rely heavily on their manufacturing assets for the continuous production of goods for their market.
Enterprise asset management (EAM) solutions are crucial in supporting the management of such assets.
The Benefits of Implementing EAM Solutions
An EAM solution is an information system that helps a business to better manage the entire life cycle of its fixed assets. Enterprise asset management aims to maximise the asset life cycle, while effectively lowering costs and increasing efficiencies.
Some specific benefits of EAM include:
- A comprehensive and accurate asset register that provides a holistic view of all manufacturing assets and stores essential data associated with each one.
- EAM helps to eliminate assets that no longer exist or are rendered unusable. These are most commonly referred to as ‘ghost assets‘.
- A robust maintenance programme so that preventative and reactive work on any asset can be logged reliably.
- Effective inventory control and management that can help warehousing staff understand exactly where parts and supplies are located.
- Crucial data of manufacturing assets to help a business understand the health of its assets and effectively predict their life expectancy through performance monitoring.
- Accurate compliance assistance that allows easy analysis and reporting, such as more efficient auditing.
Using EAM Software with Manufacturing Assets
Manufacturing is a fast-moving environment, thus making it essential to have a crystal-clear view of all plant and machinery assets.
This includes knowing precisely where all manufacturing assets are located, what those assets cost and their current value, and how they perform over time.
In a production plant, unexpected equipment failure is nothing short of a nightmare. It can not only lead to disruption in the production schedule but can also prove very costly in terms of downtime.
It’s also important to understand the health of assets. For example, ff a manufacturer isn’t fully aware of how machinery is performing, unexpected breakdowns may occur. This could also cause equipment to end up being replaced before it’s necessary.
EAM helps manufacturers move away from reactive maintenance to preventative maintenance, which allows for significant cost savings to be made.
But, with the right EAM system in place, a business can understand and keep control over its manufacturing assets to effectively maximise output and reduce equipment downtime.
Case Studies of Manufacturing Assets and EAM
BAE Systems is Britain’s biggest manufacturer and one of the world’s largest defence companies. It also has operations worldwide.
The BAE Systems Williamstown division (a major shipyard) in Australia uses EAM software from SSG Insight to manage more than 10,000 of its manufacturing assets.
The EAM software that has been implementing has improved how the Williamstown maintenance team carries out breakdown jobs, making them more labour-efficient.
And the ability to track the history of manufacturing assets provides critical insights that inform planning for the future maintenance of the site.
Another benefit is also the increased flexibility and reduced paperwork that the EAM system offers.
General Motors is a well-known vehicle manufacturer. The company has strategic manufacturing equipment and machinery located across more than 140 sites.
Their manufacturing assets are wide-spread in car and truck assembly plants, stamping, engine, transmission and casting plants. As well as office buildings and testing facilities.
In total, General Motors has around 40 million assets to maintain. So, as you might imagine, inventory management and control can be a massive undertaking.
Every asset is RFID tagged and linked to an EAM software solution to make physical inventory checks easier.
For General Motors, understanding the location, condition and life expectancy of all assets is a necessity.
For example, being able to predict how long the robots in a paint shop might last with scheduled preventative maintenance is business-critical information. Data like this would help the company to make better strategic decisions about when it should invest in new equipment.
EAM helps General Motors to gather vital data so the company may learn more about the total cost of asset ownership and inform future planning.
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