Operations and maintenance productivity and efficiency is a major challenge for organizations across many industries. Research indicates that “the cost of maintenance is between 10 and 25 percent of total operating costs”. The same research indicates that more than 50% of that cost is in labor. So, small efficiency improvements can have a profound effect on costs. The question has to be asked, how can organizations improve operations and maintenance to increase productivity and efficiency?
The premier global market intelligence firm, IDC, has released a new whitepaper centered around this topic. In this paper, IDC describes the challenges facing owner-operators in the process industries with respect to maintenance via “service lifecycle management“. Many of the issues described point to the issue of unreliable data that is created by service providers across the supply chain – such as Engineering, Procurement & Construction (EPC) firms, design firms, service providers, and OEM’s.
Check out the paper (link below) to learn more about IDC findings. And, don’t forget to register for our upcoming webinar (link below) explaining how our Capital Asset Lifecycle Management and our Service Lifecycle Management solutions are used to address these issues and optimize operations and maintenance.