Asset Performance Management isn’t just about avoiding breakdowns; it’s about creating a smarter, more resilient operation.
When assets fail, the consequences ripple across production. Repairs escalate, schedules slip, and risk grows. Staying ahead demands more than reactive maintenance. Asset Performance Management delivers predictive insight and proactive strategies that keep equipment healthy and operations steady. Reliability is not a hope, it is engineered.
The three pillars of Asset Performance Management
At Mipac, we understand that optimising asset performance is critical to achieving operational excellence.
Our approach focuses on three key levers: Availability, Performance and Quality.
Availability
Optimising uptime for production and sustainability
The foundation of APM is ensuring your assets are operational when you need them most. We utilise predictive maintenance techniques to identify and address potential issues before they escalate into significant failures. This proactive approach maximises uptime, aligns with production schedules and minimises disruptions that could impact sustainability goals.
Performance
Balancing risk and reward for maximum financial returns
Beyond just uptime, APM focuses on maximising the financial performance of your operations. We go beyond basic fixes, delving into plant-wide data to weigh the risks and rewards of different mitigation actions. This allows you to prioritise maintenance efforts that deliver the greatest return on investment and keep your bottom line healthy.
Quality
Ensuring on-spec production and minimising waste
Producing high-quality products consistently is crucial for customer satisfaction and profitability. Our APM solutions leverage data analytics to predict potential issues with product quality and process efficiency. This allows for proactive adjustments, reducing waste and ensuring consistent, high-quality output.
By focusing on these three core levers, Mipac’s APM solutions empower you to achieve optimal asset performance, driving efficiency, profitability and sustainability across your operations.
Partner in your APM journey
We empower process operations to optimise their physical assets, from critical industrial equipment to sprawling infrastructure networks.
Our expert team combines industry knowledge with cutting-edge technologies to deliver a customised APM strategy that:
- Improves asset reliability and availability: Reduce unplanned downtime and ensure your assets operate at peak performance.
- Optimises maintenance strategies: APM helps you transition from reactive repairs to proactive, predictive maintenance, saving time and resources. It does not replace your existing maintenance processes but enhances them by providing data-driven insights and recommendations for more efficient and effective maintenance planning.
- Harnesses the power of data-driven insights: Our APM solutions can help you extend asset lifespan and reduce maintenance expenses, leading to significant operational cost savings
- Enhances safety and environmental compliance: APM allows you to identify potential safety hazards and environmental risks before they escalate, promoting a safer and more sustainable operation.
Real-time asset health monitoring
Our real-time asset health monitoring system is always on the lookout, continuously tracking the performance of your equipment.
This proactive approach allows you to identify and address minor issues before they snowball into significant failures and costly downtime.
Asset reliability and performance
Asset reliability and performance refer to an asset’s ability to function at optimal levels consistently. High reliability and performance mean fewer breakdowns, maximised production output and, ultimately, a significant boost to your bottom line.
Mipac is an official Aspen Mtell partner.
Predictive maintenance
Predictive maintenance uses data analysis to anticipate equipment failures before they happen. This proactive approach prevents costly downtime, optimises maintenance schedules and extends the lifespan of your assets.
Prescriptive maintenance
Prescriptive maintenance goes beyond predicting failures. It analyses data to forecast problems and recommend specific actions, like adjustments or part replacements. This targeted approach ensures you take the proper steps to prevent issues, maximise uptime and optimise maintenance efficiency. In contrast, predictive maintenance focuses on anticipating equipment failures based on data analysis.
Maintenance planning support tool
Maintenance planning support tackles the challenge of scheduling and prioritising maintenance tasks. It streamlines your workflow, ensuring the right technicians address the most critical issues optimally. This maximises resource allocation, minimises downtime and keeps your operation running smoothly.
Following a series of critical equipment failures and ongoing major asset upgrades (similar to those undertaken in the Power Improvement and Processing Asset Renewal projects), OTML sought Mipac’s expertise. The goal? Implementing a proactive asset management system.
This system would predict maintenance needs, pinpointing which equipment requires attention and when, thus preventing breakdowns. Additionally, it would forecast performance improvements achievable through optimal asset operation.
Book a discovery call with one of our asset performance management experts today.
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With 3 decades of experience, our team of engineers, project managers, and solutions developers has worked on more than 720 projects across 110 client operations.
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