Solution
Maintenance Excellence
Maintenance Excellence
Increase OEE and Reduce Maintenance Costs
Overview
What is Maintenance Excellence?
Maintenance has long been a puzzle for asset-intensive businesses: although high uptime is vital to assure return on assets, these industries sometimes include challenging and unexpected situations. Mining equipment, for example, must be able to work under challenging conditions. Power plants are subjected to strenuous operational conditions. The refining and chemical industries must deal with complex materials.
Machines are stressed in these conditions, and the high preventative and reactive maintenance costs required to keep them functional can be a financial strain. Poor maintenance methods can now lower a plant’s overall productive capability by 5 to 20%. Long and uninterrupted runtimes of highly interconnected assets can be a substantial competitive advantage.
Maintenance Excellence
According to a recent assessment, certain facilities have seen cost reductions in operations and maintenance, repair and material spending of 5–10%; a 5–10% decrease in overall maintenance spending; and lower inventory carrying costs.
Statistics from the US Department of Energy show that using a functional predictive maintenance program could increase ROI by ten times, cut maintenance costs by 25 to 30 percent, cut breakdowns by 70 to 75 percent, and cut downtime by 30 to 40 percent.
“In terms of maintenance charges, preventive maintenance costs $13 per hour per year, but predictive maintenance costs $9 per hour per year, hence making predictive maintenance the more cost-effective choice.”
What to Expect
Direct the finances on endeavours & activities that will contribute to business development.
Our Approach
Predictive maintenance, on average, boosts productivity by 25%, cuts breakdowns by 70%, and saves maintenance expenses by 25%. It is based on sophisticated analytics and represents a new approach to planning and conducting industrial maintenance. We’ve devised a method for integrating predictive maintenance into corporate operations in an organized and structured way.
Praxis Value Cost Management focuses on enterprise-wide, structural changes that might lead to long-term cost reductions and profit increases. In doing so, we work to assist our clients in creating cost structures that are scalable and profitable to generate profits. Based on our significant experience with cost improvement initiatives across industries, our services typically fall into main transformation strategies to assist firms in addressing their unique cost and strategic concerns.
At Praxis Value we leverage facts to make impactful decisions, with the goal of maximizing financial value, and this spirit infuses all we do. Our approach is to capitalize on the potential opportunity, which results in an increase in EBITDA.
Benefits
Client Result - Case Study
Metal Industry - Aluminum Business
Champions never rest on their laurels, but instead focus on the next stage goal. A company with around 5000 people across multiple sites is likewise on the lookout for a “North Star.” It all starts with an operations strategy and the initiatives that follow it, which should be applied at every location to improve efficiency. In addition to the OPEX problems, the corporation reorganized all manufacturing facilities using the “zero-based organization” method in collaboration with Praxis Value…
Cost Reduction with Praxis Value
Unbiased Viewpoint
We leverage facts to make informed & impactful decisions, with the goal of maximizing financial value, and this spirit infuses all we do
Straight to the point
We bring the experience and approach to capitalize on potential opportunity, which often results in a 20–40% increase in EBITDA
Execution & Speed
Because time is the single asset that can never be bought back, we understand the significance of delivering True Value – Rapidly
Innovative toolbox
Our cutting-edge, one-of-a-kind approaches help businesses in accounting for complexity costs and comprehend their true profitability
Core Competencies
Zero Based Budgeting
the Indirect Costs
Predictive Intelligence
significant reduce Cost
Operational Excellence
the areas of Organization
Value Engineering
Cost
What we think
What can we help you achieve?
You are on the way to the easiest business growth ever. Don’t hesitate and reach us today to change the future