You have likely experienced the interminable hourglass spin while trying to open a large spreadsheet, or have spent multiple hours manually typing handwritten information into a system. In our data-driven world, it is safe to say that troubled encounters with large quantities of data are becoming the norm. Our data footprint has increased considerably over the past 15 years, jumping from 130 billion to 40 trillion gigabytes between 2005 and 2021. The data revolution opened up opportunities for organizations to analyze human behavior more deeply and develop more refined business strategies.
Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, or renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.
Maintenance, Repair, and Overhaul (MRO) costs can cripple a manufacturer’s bottom line, especially when the required work compounds problems by impacting production to a significant degree. Implementing a dynamic ERP solution, like Epicor ERP, can address the issue before it becomes a problem. Through an effective mix of Quality Assurance and Asset Management modules, Epicor has built a powerful solution to specifically tackle the tasks associated with maintenance management, from Small and Medium Enterprises (SME) to multinational corporations.
Industry 4.0 – Machine Learning As An Essential Tool
By leveraging the Industrial Internet of Things and modern data analytics, manufacturers are finding that machine learning is the next essential tool in keeping their operations running at peak performance. These tools provide manufacturers with more and better data to ensure impacts that are detrimental to business are circumvented even before becoming roadblocks.
Manufacturers Are Finding That Machine Learning Is The Next Essential Tool In Keeping Their Operations Running At Peak Performance.
According to John Fryer, senior director of industry solutions at fault-tolerant computer servers and software company Stratus, on his partnership with TransCanada, “data is now being collected from every turbine, pump and compression station, and fed back to a centralized control room. The data is then integrated and analyzed…to identify trends and enable predictive maintenance to be carried out.”
Stratus is currently working in tandem with TransCanada to maintain the operation of the gas company’s 57,000 miles of pipelines. The network often stretches into in rural and remote regions, which makes monitoring and predictive maintenance even more essential.
ROI With ERP Solutions
Because of improved monitoring, quality assurance, and asset management, manufacturers receive significant savings when it comes to MRO costs. By providing a comprehensive and fully-integrated approach to the calibration and upkeep of systems and equipment, manufacturers employing ERP solutions in their facilities can operate at maximum runtime to secure an optimum return on their total costs.
Improved Monitoring, Quality Assurance, And Asset Management Allow Manufacturers To Realize Significant Savings When It Comes To MRO Costs.
In the case of TransCanada, savings between $16m and $17m were measured in the first year following implementation alone. That’s just one success story. When an entire industry employs such advancements in how operations are maintained, the savings can compound by an order of magnitude.
How Epicor ERP Addresses Predictive Maintenance
Through the Maintenance Management module of Epicor’s ERP solution, manufacturers gain extensive support for maintenance request processing, planned preventive maintenance (according to predefined schedules), and improvised break/fix maintenance processing for a single piece of equipment. When it comes to the facilities themselves and production equipment housed within, maintenance can be scheduled according to a pre-defined service interval, usage, time or through manual requests. Once these work orders have been identified in the system, the upkeep planner can schedule equipment downtime and exchange resources or materials on the fly. The complete history of these machines, materials, and work orders are tracked using many metrics, including the in-service date, equipment location, warrant expiration date, and preventative maintenance plans based on either time or meter frequencies.
Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of Industry.