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If you’re wondering what difference Predictive Maintenance (PdM) can make for your process manufacturing plant.

Wonder no more

From our experience implementing PdM for our clients, we’ve drawn some numbers to inspire you about the potential of PdM to boost your profitability.

After implementing Precognize’s PdM solution, a customer found that repair costs fell by 5% overall. DROP IN REPAIR COSTS 5% Once a piece of equipment has already broken down, it will cost you up to 10 times as much to repair it. Early alerts about impending part failure allow you to fix problems while they are still small and relatively inexpensive. FOR REPAIRS AFTER A BREAKDOWN THE COST X10 A Precognize customer saw reliability rise by 10% after they implemented our PdM solution. JUMP IN RELIABILITY 10% Early alerts mean more reliable equipment and a more reliable process. A Precognize customer achieved steady rates of 98% reliability and up for the kiln at the heart of their plant. RELIABILITY FACTOR 98% You don’t want more alerts, you want relevant alerts that you can investigate effectively. Our PdM solution produces an average of 5 alerts per day, a number that’s manageable for most plants. AVERAGE PER DAY 5 alerts It doesn't have to take months and a huge effort to implement a PdM solution. It should take just a couple of weeks to implement our PdM solution, and you immediately begin seeing value from the technology. TO SET UP THE SOLUTION 1-2 weeks Catching problems before they snowball saves you more than the cost of repair. This customer saved an estimated $1 million in one year by boosting productivity and reducing unplanned downtime. SAVED OVERALL IN LOST PRODUCTION MILLION With the Precognize PdM solution, one customer was able to reduce contract labor costs by 8%. DROP IN CONTRACT LABOR COSTS 8% It’s not enough just to purchase a new, innovative digital solution. To have an impact, you need to lead a culture shift towards a new mindset. OF DIGITAL TRANSFORMATION PROJECTS FAIL 70%
After implementing Precognize’s PdM solution, a customer found that repair costs fell by 5% overall. DROP IN REPAIR COSTS 5% Once a piece of equipment has already broken down, it will cost you up to 10 times as much to repair it. Early alerts about impending part failure allow you to fix problems while they are still small and relatively inexpensive. FOR REPAIRS AFTER A BREAKDOWN THE COST X10 A Precognize customer saw reliability rise by 10% after they implemented our PdM solution. JUMP IN RELIABILITY 10% Early alerts mean more reliable equipment and a more reliable process. A Precognize customer achieved steady rates of 98% reliability and up for the kiln at the heart of their plant. RELIABILITY FACTOR 98% You don’t want more alerts, you want relevant alerts that you can investigate effectively. Our PdM solution produces an average of 5 alerts per day, a number that’s manageable for most plants. AVERAGE PER DAY 5 alerts It doesn't have to take months and a huge effort to implement a PdM solution. It should take just a couple of weeks to implement our PdM solution, and you immediately begin seeing value from the technology. TO SET UP THE SOLUTION 1-2 weeks Catching problems before they snowball saves you more than the cost of repair. This customer saved an estimated $1 million in one year by boosting productivity and reducing unplanned downtime. OVERALL IN LOST PRODUCTION MILLION SAVED $ 1 With the Precognize PdM solution, one customer was able to reduce contract labor costs by 8%. DROP IN CONTRACT LABOR COSTS 8% It’s not enough just to purchase a new, innovative digital solution. To have an impact, you need to lead a culture shift towards a new mindset. OF DIGITAL TRANSFORMATION PROJECTS FAIL 70%

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