Maintenance Strategy Optimization: Elevating Asset Performance

In Process industries, maintaining assets-whether it’s a refinery pump, a conveyor belt in a mine, or a turbine in a power plant-requires a delicate balance. Traditional maintenance approaches often fall short:

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The Challenge

Reactive Maintenance

Waiting for equipment to fail before fixing it leads to costly downtime and emergency repairs.

Preventive Maintenance

Scheduled maintenance regardless of asset condition can be inefficient and wasteful.

Predictive Maintenance

While more effective, it relies on accurate predictions and can miss subtle issues.

Our Approach

At Nexglide, we advocate for a data-driven, holistic approach to maintenance strategy optimization:

Reliability-Centered Maintenance (RCM)

  • Analyze critical assets to determine their impact on operations and safety.
  • Prioritize maintenance efforts based on riks and consequences.
  • Develop customized maintenance plans for each asset type.

Condition-Based Monitoring

  • Leverage IoT sensors and real-time data.
  • Detect anomalies, wear, and performance deviations.
  • Trigger maintenance actions precisely when needed.

Failure Modes and Effects Analysis (FMEA)

  • Systematically identify potential failure modes.
  • Assess their impact and likelihood.
  • Mitigate risks through targeted maintenance strategies.

Optimization Algorithms

  • Use mathematical models to find the optimal balance among cost, reliability, and performance.
  • Consider factors like asset criticality, maintenance costs, and production schedules.

Tangible Benefits:

Reduced Downtime:

Minimize unplanned outages, keeping production lines running smoothly.

Cost Savings:

Targeted maintenance reduces unnecessary expenses.

Safety Enhancement:

Fewer unexpected failures mean a safer work environment.

Real-World Success:

Imagine a refinery where pumps are maintained precisely when wear is detected-not too early, not too late. Picture a mining operation where conveyor belts are replaced just before they fail, avoiding costly shutdowns. That’s the power of maintenance strategy optimization.

Let’s Optimize Together!