Performance Suite for Asset Management
For Ventyx Asset Suite
When it comes to asset management, unexamined business operations can cause you to steer your organization blindly. Performance Suite harnesses the power of your asset management data to measure real performance, increase visibility into operational trends, and uncover areas for improvement. Performance Suite provides critical visibility and insight into operational status based on snapshots of the operational data, and at the strategic trend spotting level. Performance Suite can increase asset performance by measuring availability and utilization, and optimize work processes by identifying areas for improvement. Using configurable, role-based views, an executive may track overall company performance against corporate goals, while a planner might monitor technician productivity. With performance analysis capabilities, you can identify potential problems, such as a shortage of critical spare parts, and make necessary adjustments before the business is hit with performance setbacks.
Performance Suite for Asset Suite comprises the Knowledge Warehouse and Decision Support products. The integrated components leverage Asset Suite’s Operational Database to provide a comprehensive, consistent view of your data, addressing daily operational tactics and providing in-depth reviews of past performance to assist with strategic analysis and planning. Asset Suite’s operational data is pulled into the Knowledge Warehouse, forming the basis for measurement analytics and the presentation of (KPIs) via Decision Support.
BENEFITS:
Improve Decision Making:
- Uncover the real drivers of your operation’s performance using predefined and internally developed KPIs to reduce operating costs and improve the quality of asset management
- Filter information to focus on your current requirements (e.g. number of work orders past due for a particular facility)
Decrease Costs:
- Leverage KPIs – such as mean time to repair, overall equipment effectiveness, productive labor utilization and cost of stock returns – to improve performance and reduce operational costs
- Pre-packaged solution with extensive baseline reports ensures rapid deployment and return on investment
Improve Asset Performance
- Monitor status indicators for the health and condition of facilities, equipment and critical parts to prevent unnecessary downtime and improve asset performance
- Drill down to the root cause of variances and failures to prevent future occurrences
- Improve repair/replace and purchase decisions based on equipment history and KPIs such as mean-time between failure
- Understand the relationship between stock levels and equipment availability
Optimize Workforce Efficiency
- Increase visibility into resource availability, skill sets, parts, tools, and documentation to ensure efficient work scheduling and completion
- Improve productivity and decrease latency by monitoring work completion times and resolving the underlying causes of delays
- Improve conformance to schedule by monitoring the amount of break-in and emergent work
Streamline the Supply Chain
- Eliminate non-critical and least used spares to reduce inventory levels and lower carrying costs
- Factor vendor service levels into supplier reduction decisions
- Increase visibility into available inventory in order to improve service levels and minimize the incidence of work orders waiting for parts
FEATURES:
Knowledge Warehouse is an enhanced, customer-facing view of data from the HDB that enables non-technical and business users to interact with the data.
- Business user focuses, pre-defined tables and views for inventory, equipment and work management
- Enables on-demand reporting and access to useful information—not just raw data (e.g. generate a list of open work orders or determine inventory lead time)
Decision Support is a user-friendly performance measurement tool that automates extraction, creation, and transformation of relevant field operations data.
- Sophisticated reporting capabilities that enable comparison and contrast of work order backlogs, equipment criticality, maintenance productivity, spares availability, and regulatory compliance
- Detailed performance reports and multidimensional analysis of asset reliability and utilization
