Blogs

As per some estimates, 50% of fixed costs for a typical chemicals plant are the result of continuous maintenance work. This maintenance work can be classified into three categories: reactive, preventive, and predictive.

The chemicals industry and other similar asset-intensive companies use multiple types of assets. Many of these asset types have existed for nearly a century and have been maintained in some way or the other during their respective lifecycles. Over the course of the century, however, the approach to maintenance has evolved.

Crucial steps to modernizing systems to meet today’s fast-changing needs

To stay competitive and meet the ever-intensifying needs of Industry 4.0, food and beverage companies must rise to the occasion and make a plan to become digitally connected.

In this blog, Progressive explain how its clients use Infor OS and Ming.le to extend the power of Infor’s best-in-class Enterprise Asset Management (EAM) System out into the field—making it the ideal solution for busy operations and financial teams.

Particularly for asset-intensive companies that rely heavily on their equipment and devices, enhanced maintenance maturity is at the center of any effort to optimize operations and do more with less. By evolving their EAM solution to incorporate APM capabilities, organizations can manage and analyze the vast amounts of data and automated workflows necessary for predictive and prescriptive maintenance—and they can better understand assets, predict failures, and manage failures.

The business environment is changing more rapidly than ever before. To stay competitive and meet the intensifying needs of Industry 4.0, food and beverage companies need to rise to the occasion and make a plan to become digitally connected.

With an avalanche of operating data from multiple sources, there are many opportunities to take another step up into predictive and preventive maintenance. APM is the tool that allows you to make sense of the data, develop a more profound understanding of your assets, predict and prevent failures, improve failure management, improve budgeting and cost control—all without having to install, then try to manage and maintain multiple software operations.

Maintenance 4.0 enables an emerging approach to asset performance management (APM) that delivers superior operating performance when companies need it most, making it possible for asset managers to get more done with limited resources. An APM solution uses algorithms and machine learning models to predict when an asset is likely to fail, then prescriptively lays out the staff assignment, business processes, and tools that will solve the problem, efficiently and cost-effectively.

Infor EAM Support shatters the normal longevity pattern; even the “newbies” have been with the team for 10 years