Develop an effective predictive maintenance strategy with Rand Group
Traditional maintenance occurs when something breaks and you need to fix it, or when it’s time to change a part, you change it. This approach can lead to downtime and lost production, safety risks, expenses related to planning, overtime, rush orders of spare parts, and inventory carrying costs, plus loss of customer satisfaction due to delays. Move to a data-driven predictive maintenance strategy using Rand Group’s solution to help predict asset issues before they even occur, plus enjoy seamless connection with your NetSuite solutions and technology stack.
Reduce equipment downtime with a cloud-based, predictive maintenance solution
Predictive maintenance uses a combination of sensors, artificial intelligence, and data science to monitor data collected from assets to identify patterns that lead to potential problems or failures, and with this data you can address issues before they happen. This ability to predict when equipment or assets need maintenance allows you to optimize equipment lifetime and minimize downtime, rather than waiting for a problem to repair or only scheduling maintenance on a fixed, unchanging schedule.
Rand Group is an Oracle NetSuite Solution Provider and your technology partner to implement your preventative maintenance solution, including collecting data from your assets, training a machine learning model, identifying predicted failure cases, and building a plan to act on insights. The solution will continuously analyze asset performance to identify issues before failures occur to improve performance, promote asset longevity, and reduce downtime and contracted maintenance costs. Our team of software engineers and industry experts will implement a strategy tailored to your business, plus ensure a seamless flow of data across systems, including your NetSuite ERP.
Boost asset uptime and lifetime value
Use advanced analytics to identify performance anomalies or critical equipment issues faster than through the traditional break-fix approach to extend the lifetime of your assets and plan maintenance better.
Use your data to drive decision-making
Aggregate data across assets from multiple facilities and operations to gain a universal, 360-degree “truth” about equipment performance and overall operational efficiency.
Reduce maintenance costs
Lower maintenance costs by giving technicians the data and tools they need to help equipment perform more efficiently and only schedule maintenance when it is needed.
Benefits of predictive maintenance
Predictive maintenance can be useful for businesses of all types, from oilfield machinery manufacturers and construction equipment rental to drilling companies and field service organizations. It offers real-time insights and tracks an asset’s full lifecycle from install, to maintenance, upgrades, and repairs. Additionally, it enables faster incident response so you can provide better service to clients or boost your operations.
Questions you can train your predictive maintenance solution to answer to ultimately reduce downtime and increase profitability:
- What is the probability that a failure will occur within the next 4 hours?
- What is the remaining useful life of the asset?
- Is this asset behaving in an unusual way?
- Which asset requires servicing most urgently?
Discover other business solutions offered by Rand Group
Rand Group’s team of software engineers will ensure your chosen solution integrates with the rest of your technology stack, including NetSuite, and can accommodate unique processes and facilitate data flows. Explore other equipment management solutions below to compliment predictive maintenance.
Equipment Rental
Explore Rand Group’s unified, cloud-based solution for equipment rental that tracks equipment-related costs, reduces scheduling and processing times, optimizes utilization, and improves customer service.
Asset Tracking
Manage your assets from acquisition through retirement with a solution that integrates directly with NetSuite for maintenance and repair management, contract and order creation, depreciation calculation, and more.
Related Insights
Using data-driven maintenance to improve manufacturing processes
Unscheduled equipment downtime can be detrimental for any business. Because of this it’s critical for machinery operators to keep both field and shop equipment running to maximize utilization and minimize costly, unplanned downtime and health, safety, and environmental risks. One way to achieve strong asset performance is through data-driven maintenance.
What to look for in a field service solution for your oil & gas business
Businesses with field service options must maintain top-notch service delivery to stay competitive in today’s environment. To streamline field service management and provide maximum value to customers while improving productivity and profitability, most organizations utilize a field service software to automate processes. When it comes to choosing a field service solution, where do you begin?
What is NetSuite Fixed Asset Management?
NetSuite Fixed Asset Management can help maintain and control the complete life cycle of your company’s fixed assets by tracking asset creation, proposals, depreciation, disposals and leases. It also has robust real-time reporting and will optimize your company’s performance via automation and integration with NetSuite Accounting.
Let’s talk about how we can transform your business
