Using data insights to evaluate maintenance priorities
With the abundance of data and metrics, maintenance leaders can sometimes feel compelled to act on every number. This can lead to prioritizing the wrong maintenance tasks and overlooking the more critical activities.
In the process, they find that all their equipment data is really helpful for is adding more work.
This raises the question – how should data influence an organization’s maintenance priorities? The answer lies in analyzing the framework of an organization’s leadership and prioritization.
How should data influence an organization’s maintenance priorities?
Three key factors to consider in a maintenance strategy
- The business goals
- The assets which are most critical to meeting these goals
- The maintenance strategy that is most effective in protecting these assets
When an organization has these fundamental goals clear, leaders can set up the right maintenance strategy, the right priorities, and the right personnel to achieve an optimized maintenance strategy.
The result is a culture that feels empowered by data and understands how to make this information actionable to meet production and business goals.
Understanding business goals first
The goal of using a CMMS or EAM is to help asset-intensive businesses optimize their asset productivity and reliability to achieve their business goals.
Every organization and industry is unique. However, many share similar business goals.
Business goals commonly tied to maintenance strategies
- Reducing production interruptions
- Mitigating risk
- Reducing maintenance or energy consumption expenses
- Managing their Total Cost of Ownership (TCO)
- Prioritizing worker safety
- Ensuring regulation compliance
Typically, these goals are tied to a specific metric over a period of time. For example, “Reduce equipment downtime by 20% over 18 months”.
Analyzing equipment data within the framework of the business goals and matching these with the right maintenance strategy makes it clear to everyone which activities to prioritize and why these should be prioritized.
The right maintenance strategy makes it clear to everyone which activities to prioritize and why these should be prioritized.
Understanding this helps to define where your organization’s time, money, and resources should focus.
This converts data from a metric to a truly actionable insight.
The business case for a maintenance program
How can maintenance be a profit-center when budgets are continuously monitored and reduced?
Using relevant data allows businesses to know where to focus to achieve the business goals. This gives personnel the confidence to understand how each maintenance task directly saves or costs the company money.
Further, this knowledge makes it easier to create a business case for a maintenance program with measurable KPIs.
Perhaps it is time to evaluate the business case for your current maintenance strategy.