Prioritize maintenance tasks and optimize your strategy with asset criticality analysis
Are you seeking more control over which assets are most important to your organization and a better way to plan? The Asset Criticality Analysis gives detailed insights into assets that are crucial to your operations. This lets you prioritize the most critical maintenance tasks, prevent unnecessary failures, and ensure more efficient planning.
The new assessment functionality provides a practical approach to assessing assets based on various aspects and effects. This enables you to:
Choose the right maintenance approach for each asset.
Save time and costs by focusing maintenance on the most critical assets.
Prioritize the maintenance tasks that impact your business continuity most effectively.
There are two different methods for using an assessment. A method to calculate the criticality with only a Probability (MTBF) or a method where the Duration (MTTR) is also considered. This last one can indicate whether there is an impact on production planning.
The MTBF and MTTR are calculated automatically based on Ultimo's asset information to simplify, reduce setup time, and eliminate manual data lookup.
Asset criticality on objects
A new tab called 'Criticality' is added to asset and process function screens, giving information about the last criticality assessment. It also provides a grid with an overview of the history of criticality assessments for this equipment.
Additional information
The new module is available in Premium (optional) and Enterprise. The criticality assessment applies to the following assets.
Technical Service: Equipment, Inventory and Process functions
Infra: Objects and Elements
IT: Configurations and Configuration-Items
Fleet: Objects and Fleet Numbers
Enhancing reliability with structured failure data & analysis
According to the Pareto principle, 80% of the outcomes result from 20% of the causes. By identifying why assets are failing, a large part of the failures can be prevented in the future. Efficient failure analysis starts with structured data. Adding structured fields for the Failed Component, the Component Problem and the Remedy next to the already existing field for Failure Cause, enables a more detailed failure analysis.
Our new BI report for Failure Analysis highlights bad actors, cost drivers, and performance killers. It provides insights into your worst-performing assets, key failure drivers, and related costs. This helps you to make data-driven decisions to improve your maintenance strategy and prevent recurring failures.
Root causes of failures with effective RCA
Pinpointing the true cause of failures is essential for enhancing asset reliability and preventing future issues. This functionality uncovers the underlying reasons behind failures. You can use the 5 Why method and implement follow-up actions to ensure thorough resolution and long-term reliability improvements.
Key features include:
Performing a structured RCA with the 5 why method
Initiating an RCA directly from a job or HSE-incident
Gaining deeper insights in the historical context by recording related timeline events
Creating follow-up actions (Moc’s, Jobs, Actions) to prevent recurring issues
Managing the RCA team with optional sign-off
Latest resources
How can you extend the life span of your assets, reduce maintenance costs and improve collaboration between departments? You can read how in this blog post, in which we show you step by step how you can get more insight into the assets you manage and maintain.
Strategic investment focus in the United States and Canada will meet customer demand and extend IFS’s existing Enterprise Asset Management (EAM) software leadership.
IFS Ultimo is thrilled to share the exciting news of Johan Made’s appointment as the new Chief Executive of IFS Ultimo. He will assume his role on 1 January 2024.
A powerful EAM solution that integrates perfectly with SAP. As a CIO, enabling the secure, efficient and sustainable flow of quality information is a must have for achieving operational excellence. That’s especially the case when it comes to enterprise asset management (EAM) and how it flows seamlessly with enterprise resource planning (ERP) systems.
A versatile SAP-certified solution that makes maintenance management easy. Good enterprise asset management (EAM) is foundational for enabling a reliability-centered maintenance strategy that increases uptime, availability and reliability - and reduces waste and costs.
Where does your organization currently stand and how can it reach the next stage? After decades of experience in customer service, gathering feedback, and diving into research, IFS Ultimo has developed the EAM Maturity Model: a blueprint that identifies the current situation of asset management and showcases the pathway toward potential growth in their asset management level by making the most of Ultimo’s services.
We are proud to announce that IFS Ultimo has received the respected Solution Award for ‘Best Operator Driven Maintenance Solution’ at the RELIABILITY Conference in Seattle this week. Our powerful EAM solution enables more than 100k happy technicians and operators supporting 15 million assets worldwide to access and process relevant information on the spot, and ultimately work better together.
Meet Jeroen Kanis, the Partner Program Manager at IFS Ultimo.
IFS Ultimo has been making strides in expanding its partner ecosystem. Having recently appointed a new Global Channel Sales Director to further strengthen investment in this area.
Effective collaboration is a key component in further optimizing asset management strategy, reducing downtime and increasing safety in the workplace. Especially interdepartmental and cross-functional collaboration need to be of an equally high level in order to attain operational excellence. A centralized, single-source-of-truth platform like IFS Ultimo is critical in cultivating alignment towards shared goals and objectives, in order to meet all business goals.
