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Asset Usage Optimization

EMOS®: GET THE MOST OUT OF YOUR ASSETS

The rising commodity and energy costs and the uncertain global economy have all put more pressure on producers than ever before to reduce operating costs at each and every stage of manufacturing operations.

Companies operating in an asset intensive industry, such as chlor-alkali, are facing two major competing pressures. On one hand these organizations are attempting to operate in a reduced operational and maintenance budget environment, while on the other hand there is a need to maximize ROA.

Managing Risk to reduce asset downtime

An Aberdeen research report showed that risk due to asset failure is one of the top three risks that have the most impact on manufacturing operations. Managing risk is an approach of identifying the top risks to the operations, quantifying and prioritizing the identified risks, and establishing controls to mitigate these risks.

Maximizing ROA in an environment of reduced operational budgets requires companies to implement a combination of strategic actions, improved organizational capabilities, and enabling intelligent technologies.

Discover how R2 is helping companies to achieve these goals:

PRESSURES ACTIONS CAPABILITIES ENABLERS
  • Reduced operational and maintenance budgets
  • Maximize Return on Assets (ROA)
  • Implement advanced Asset Performance Management and analytical capability
  • Create/improve real-time visibility into asset performance
  • Frequent risk-based assessments to understand the risk profile of the assets
  • Executive focus on aligning asset performance and corporate performance 
  • Historical as well as real-time asset performance is used as actionable intelligence for optimized decision making
  • Asset performance metrics are linked with financial metrics