The Challenge
In today’s economic climate, organizations around the world are facing tremendous pressure to effectively manage their enterprise assets, aiming to reduce downtime and maintenance costs while maximizing asset performance and improving operations. For corporate management to make everyday decisions, ensure regulatory compliance, plan for the future of the company, and take advantage of opportunities as they arise, managing the enterprise asset lifecycle is a must.
Enterprise Asset Management (EAM) is the key to meeting these challenges by providing a clear view and accurate control of assets. With EAM, organizations can adapt infrastructure and optimize processes, such as planning, budgeting and asset acquisition, movement tracking, maintenance and repair, calibration, surplus redeployment or asset disposal at the end of the asset lifecycle.
The Solution
QI Solutions EAM is an Asset Management software which optimizes asset performance and utilization at lower operating costs by eliminating unplanned downtime to maximize the lifetime value of all asset types – production, facilities, transportation and IT.
Enterprise Asset Management software enables organizations to develop comprehensive instrument calibration plans, in addition to preventive, predictive and corrective maintenance programs for equipment, improving the daily effectiveness of operations and technical staff.
It also better manages equipment and facilities to increase reliability and ensure regulatory compliance with standards, such as ISO 50001, ISO 55000 and ISO 17025, laws, regulations and industry-specific requirements, all while reducing energy usage and supporting sustainability initiatives.
With QI Solutions EAM, technicians can access asset information, checklists, and best practices and even visualize repair steps and procedures, anytime and anywhere, on tablets and smartphones.
With work order management, the solution streamlines scheduling of tasks, assignment of available technicians and reservation of materials. The solution also manages asset history, including maintenance activities, specifications, purchase date, assurance and expected lifetime..
Enterprise Asset Management – EAM
Main Benefits
Reduce downtime and increase asset lifetime.
Optimize spare parts inventory and purchasing costs.
Provide technicians in the field with easy access to important information through mobile devices, eliminating paperwork.
Promote collaboration and sharing of information among asset owners and service providers.
Classify assets based on risk, criticality, and impact and define custom maintenance strategies at the lowest cost and risk.
Track, review and improve calibration and maintenance plans and budgets.
Reduce deviations, prevent incidents and improve decision-making through a holistic view of asset inventory.
Avoid wasting money on assets that are still under warranty.
Manage all asset-related documentation in a single place, such manuals, configuration settings, lease agreements, and warranty certificates as well as asset images.
Achieve a competitive advantage by boosting safety and uptime while maximizing asset performance.
Asset inventory
Work order monitoring
Calibration record
Asset Performance Indicators
Failure Analysis
Maintenance Planning
Features
REPOSITORY
Centralized repository for all important asset related information.
STOCK MANAGEMENT
Straightforward management of optimal stock levels.
WORK ORDER MANAGEMENT
Single repository of all information and resources required to perform tasks and manage work order schedules.
PREVENTATIVE MAINTENANCE
Integrated solution for planning and scheduling preventative maintenance and monitoring equipment and trends.
PROCESS AUTOMATION
Automate and optimize the use, calibration and maintenance processes.
FAILURE LEVELS
Intuitive tools to maximize equipment uptime and reduce damage and failure levels.
Traditionally when enterprise professionals discussed the ROI of an investment, they were mostly thinking of the “financial” benefits. Today, organizations must also consider the “non-financial” benefits of an investment.
Financial Benefits include impacts on the organization’s budget and finances, e.g., reduced costs or increased revenues.
Non-Financial Benefits are the so-called “intangible”, “soft”, or “unquantifiable” benefits of an investment. Unlike financial returns, there may be no widely-accepted metrics for organizations to apply. However, the QI Solutions present undeniable potential for producing positive impacts on business performance and mission results. These include improved customer satisfaction, more precise information and a shorter cycle time.
- Easier to achieve strategic objectives due to improved project management maturity and corporate culture.
- Improved customer satisfaction due to more effective customer need management and quality control tools that achieve the established goals, guaranteeing an effective outcome.
- Improved customer satisfaction generates a better customer retention rate, reputation, market share and revenue.
- Improved regulatory compliance. QI Solutions allows the organization to integrate compliance management skills with current business processes.
- Less paper work and less paper needed to print out reports, due to the scheduled reports, customized views and user-friendly dashboard.
- Guarantee of effective team work and cooperation. Resources are coordinated, giving them a straightforward way to get together and resolve the task at hand, including the procedures to be used, the delegation of tasks among the team members and timeline. The project team will conduct its activities with a greater sense of professionalism and self-confidence, ensuring staff retention.
NON FINANCIAL ROI:
- Ensures goal alignment between business strategies, business measures and business actions.
- Improves consolidation process accesses combining all corporate data regardless of source for an enterprise-wide snapshot of performance.
- Provides streamline reporting minimizing problems associated with reporting detailed financial and operational data form multiple applications.
- Increases collaborative management synchronizing communication of goals, strategies and metrics across broad geographic areas.
- Eliminates alternative versioning and data integrity issues.
- Enhances an organization’s ability to separate critical information from extensive “mounds of data”.
- Empowers organizations to make faster, smarter decisions in real time by capturing and transforming data from operational back-end legacy systems and customer-facing front-end systems into a real-time (or near real-time) data store.
- Reduces the number of tasks done manually and automatically decreases the number of resources needed.
- Provides integration of compliance management capabilities into current business processes to support regulatory compliance.
- Helps to increase corporate transparency.
- Helps to balance short-term, middle-term and long-term trade-offs.
- Encourages value-creating investments.
- Improves the allocation of resources, streamlines planning and budgeting.
- Helps to better deal with increased complexity and greater uncertainty and risk.