Investing in a detailed view of your challenges
If you have limited resources, every decision you make as an operator has a greater weight. An investment in one area may mean less budget in another area. To make the best decisions in the face of constraints, granular information about your operations needs to play a bigger role.
The smartest operations strategy requires insights backed by data. For instance, say your organization is facing supply chain issues. Equipment and part costs are inflating and becoming unpredictable, making it more difficult to plan your asset management budget. An integrated understanding of preventive maintenance plans, inventory levels, and data-fueled projections of replacement timelines can help you better design a new preventive maintenance and asset replacement strategy.
Data about asset performance can also help you identify trends and find cost savings. If you can name your constraints, you can better evolve your operations. As another example, staffing shortages can cause labor hours to grow more scarce and more costly. With information about what staff hours are spent on what work orders, you can understand the impact on operations, and use the information to evaluate maintenance priorities.
If your organization is facing challenges to the way you operate, a clear-eyed view is essential to adopt the best response.