Asset Reliability Centre
All industrial manufacturing organizations invest heavily in assets and processes to realize their business objectives. However, these investments are under constant threat and need to be protected by optimizing the utility and extending the usability of the legacy assets. One of the primary challenges that manufacturers face is getting the best out of their installed asset base by extending its life for reliable operations. As a result, many industrial manufacturers are increasingly focusing on investing in new technologies to transform their operations and better manage asset reliability challenges.
What is ARC
The LTTS Asset Reliability Centre (ARC) is a portfolio of five solutions and one advisory service to help asset-intensive manufacturers drive reliable operations optimally by balancing costs, availability, and reliability of assets. The ARC portfolio offers a six-pillar framework to help manufacturers identify and methodically address different asset and process-related challenges at various levels – from factory level to asset component level.
- Asset health
- Estimated Time To Failure
- Class A inventory control
- Statutory compliances and standardization
- Optimized Strategies — risk, cost and performance
- Optimum inspection plan and recommend risk mitigation
- Spare fulfilment
- Component Information Integrity
- Consistent Part Data
- Plant performance
- Online Diagnostics
- Loss Analysis
- Data + Visual = Awareness
- Root Cause analysis
- Operations step analysis (Sequence)
Manufacturers can leverage the framework comprising Compliance, Spare parts and Procurement, Manufacturing Process Reliability, Manufacturing Asset Reliability, and Component-level Diagnostics to tackle asset reliability issues effectively. We understand that all manufacturers do not face the same type of asset reliability challenges. The ARC Advisory service helps in assessing the requirements and asset reliability program maturity of any manufacturing organization, be it big or small. The ARC Portfolio is a cohesive yet flexible offering that allows manufacturers to select any number of solutions based on their requirements and asset-specific challenges.
Asset Reliability Challenges
- Discrete methods and Tool to assess the As-Is state
- Uncertainty in right approach and risk of missing ROI targets
- Lack of indication on Health degradation
- No insight to component health
- Inconsistent maintenance strategies across BUS
- Lack of operating Compliance, failure mitigation
- Inconsistent part master and component info
- Large lead time of procurement
- Untraceable Production Losses
- Difficulty in Identifying key areas of improvement
- Unplanned downtime
- Big-hit failures disrupting the overall efficiency
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Benefits
One-Stop-Shop
One-stop-shop for manufacturers with the capability to address asset reliability challenges under one umbrella
Flexibility
Flexibility to select from ARC ’Solution bouquet’ based on asset-specific requirements
Online Privacy
Multiple architecture options for deployment - on-premise, cloud, hybrid, and partner platform integration
Scale
Feasibility to deploy individual solutions in an ’as-a-Service (aaS)’ approach for greater speed-to-implementation
Alliance
Partner alliances with Microsoft, SAP, PTC, AVEVA, Siemens, and Ignition to suit customer needs