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Posted under Blog by Kristin Smith, Content Marketing Specialist
Amidst volatile fuel costs, fluctuating currency, and environmental pressures, the utility industry is driven to optimize their asset performance while delivering the highest level of service to customers.
Utility companies are unconditionally expected to provide quality service at an affordable cost, while regulators demand total accountability through specific reporting and management data. Enhancing the work management process with data specific reporting is key to improving services and driving profit.
Utility organizations are all unique in how they manage their assets and their reporting requirements. Tight margins, industry regulations, and large operating expenses can result in increased pressure on maintenance departments to:
Like most asset-intensive industries, the utility industry is extremely reliant upon the uptime of revenue producing assets. By minimizing the downtime of assets, it allows companies to consistently produce output, which results in increased revenues. This is where maintenance plays a key role.
By maximizing asset performance through effective processes and tools, utility organizations can control costs and meet distinct maintenance requirements.
When focusing on budget performance issues, management seldom looks to maintenance as an area with the potential for significant gains. It’s often a “necessary evil”. However, in the utility industry, maintenance management ineffectiveness generates a significant financial loss for the company.
Utility maintenance EAM practices can mean the difference between profitability and loss. Continuous production means equipment is constantly in use, so scheduled maintenance must be brief and effective.
The utility industry has unique maintenance needs related to field locations, power generation, distribution and utility-based operations, and multiple industry regulations. These needs pose an interesting challenge for maintenance teams striving for more optimized practices.
It’s no easy feat creating efficiencies within a utility organization. It’s even harder to do so when regulatory compliance requirements are strict, work locations are remote, assets are critical for production, and pressures to avoid downtime are high.
VIZIYA’s WorkAlign® Suite was built on the premise of helping maintenance organizations to create efficiencies by connecting and optimizing every step of the maintenance workflow. VIZIYA has worked collaboratively with the largest and most sophisticated maintenance organizations to enhance their asset performance.
To learn how VIZIYA’S WorkAlign® Suite can help your organization combat the unique requirements of the Utility Industry, Request a Demo with one of our experts now
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