Predictive Maintenance reaps significant production ROI
Predictive maintenance (PDM) solutions vary across different manufacturing scenarios majorly influenced by type of asset, product and environment conditions. Constructing PDM based ROI models acts as a backbone for business justification, and actual result analysis. On an average, PDM solutions reduce ~75% asset failure and ~45% downtime which reflects to ~35% increase in overall production.
Gerdau’s team-up with GE Digital acts as a prime example on how ROI analysis based PDM investments gain significant results. Gerdau leveraged GE Digital’s PDM capabilities to develop performance management solutions for its critical machines that helped them save $4.5 Mn of operational costs and 130 hours of downtime.
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