meridium.

com

Intelligent Asset Strategy

{ In Unplanned Maintenance and Downtime }

CHALLENGES: • Need to identify most critical assets

• Inability to discover which assets were the bad actors

$4 Million • Needed to change from a spreadsheet mentality to one of

knowledge capture and sharing
The loss each day for
If any asset fails, (even a small
production stoppage • With a shortage of skilled labor and a very mobile
component such as a flow transmitter)
workforce, it was important to put operating data in a
all production stops. And that
location and in a format usable by all
becomes very costly, very quickly

SOLUTION:
ASSETS & SYSTEMS &
Context & Priorities SENSORS
PEOPLE
PROCESSES

• Essential to lengthen trending analysis, End-to-End: Connect Assets, People, and Systems
and integrate that data across functions
• Engineering
• HSEQ
• Essential to consolidate reporting.
• ERP
• Maintenance
• Use the bad actor information along with • Operations Continual
downtime data from PLA to determined
Improvement Loop
criticality ratings for their assets.

Meridium Solutions: Define & Evaluate

Asset Strategy
• Production Loss Accounting (PLA)
With the integration of data from SAP® EAM system, the control
system and field data collected by Matrikon® the company was
able to calculate Overall Equipment Effectiveness (OEE) of every
unit — including metrics for availability, performance and quality.
Intelligent
Strategies
Results:
After Implementing Meridium APM:
• Avoided more than $20 million in unplanned maintenance costs
and downtime
The Benefits of Meridium:

• Identified 55 bad actors in a single plant

• Cut downtime reporting from 1.5 hours to less than five minutes

• Added breakdown indicators and cleaned all data from the EAM

• Predicted the failure of a critical pump to within 16 days of its

actual failure
Meridium is the only solution that can combine real-time data with human
• Avoided many millions of dollars of unplanned downtime experience, operating parameters, analytics, and connectivity to create intelligent
asset strategies that continuously improve over time.
• Overcame internal cultural barriers by making production loss
personal at all levels in the organization
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