Asset Health Management

Asset Health Dashboards

Asset Health Management is a challenge for many companies across multiple industries due to a large number of discrete software packages and systems that capture information about equipment and assets today. Rich equipment performance data is typically available and is capable of strongly influencing asset reliability. However, the challenge is, this data originates from many source systems, such as control …

Asset Utilization

Asset Utilization

Asset Utilization (AU) is the true measure of how well you are using your company assets. Unlike other measurement techniques, AU accounts for all losses, not just those directly associated with the production process. MPPIglobal’s AU concept is focused on improving the use of company assets and increasing production without the need for capital investment. The technique broadly establishes the …

Continuous Improvement

Continuous Improvement (CI)

It is quite common in industry today for management to want to drive continuous improvement. Some companies have dedicated resources trained in Six Sigma and LEAN, and some rely on the workforce as part of their day-to-day activities to help drive improvement. However the organizational structure supports improvement, some of the key challenges remain the same. MPPIglobal’s Continuous Improvement Solution …

Critical Equipment Management

Critical Asset & Equipment Management

The maintenance teams of many sites get caught in a pattern of reactive maintenance or ‘fire-fighting’; reacting to problems only after they have resulted in availability or utilization losses. Through the use of intelligent algorithms and predictive thinking, Optimum’s Asset Management solutions can be used to move maintenance strategies to a proactive stance; identifying and removing issues before they occur. …

Critical Process Performance

Critical Process Management (CPM)

Across any process plant or production site, there are processing parameters deemed mission critical; if these parameters drift out of control, production slows dramatically or stops completely. The Optimum Platform offers solutions to monitor and manage critical process parameters, leading to an increase in availability, utilization, and efficiency, and thus improving the overall productivity of the site. Live monitoring of …

Delay Accounting

Delay Accounting & Downtime Management

In our experience, downtime and delays in the mining, mineral, and metal industries make up around 18% of all capacity loss. The Optimum Platform automatically captures downtime and slow-running on critical assets, pinpointing where these largest losses are occurring, and prioritizing the criticality of responses. The Optimum Platform automatically generates work orders and follow-up actions for significant events or recurring …

Overall Equipment Effectiveness for Assets

Overall Equipment Effectiveness (OEE)

Overall Equipment Effectiveness (OEE) is a metric used to measure the performance of Assets, and originated from the Manufacturing industry. OEE uses a three metric approach to determine how Assets are performing in Availability, Performance and Quality expressed as an OEE number in percent. When considering OEE in the Mining Minerals & Metals context it’s necessary to apply OEE in …

Performance Algorithms

Performance Algorithms

One of the best ways to increase profitability from any production based business is to increase the productive output and decrease waste. With advancements in data managements and data science it’s now possible for predictive algorithms to play a part in your operations success. Optimum manages these algorithms in a simple easy to understand approach so the most basic of …

Root Cause Analysis

Root Cause Analysis (RCA's)

Root Cause Analysis (RCA) is applied to methodically identify and correct the root causes of events, rather than to simply address the symptomatic result. Focusing correction on root causes has the goal of entirely preventing problem recurrence. Optimum provides a management frame work for this process supporting the collection and storage of RCA information, the assignment and management of corrective …