At iOG Solutions, we provide implementation and training services for various tools which helps in optimizing the operational and administrative costs and maximize profitability. Reliability, Availability, and Maintainability (RAM) are those tools which have a substantial impact on the lifecycle cost and performance of the industrial equipment and systems. In RAM modelling, Reliability is the probability of zero failures over a defined time interval.RAM modelling identifies areas of vulnerability that can affect operational availability and quantifies which assets and associated maintenance activities dominate downtime.
RAM Modelling
Spares Inventory Management and Optimization (SIMO)
Balancing spares demand and supply, iOG Solutions trains and consult in managing the plants spares inventory costs at the same time as reducing stock-out and sustaining spares needs for product availability. In addition, it can help to summarise the status of current asset management from a spares consumption point of view and determine which spares on which assets have an abnormal short lifetime; RCA - root cause analysis can then be conducted and enhancement actions can be deployed; as a result, spares consumption will be reduced and the spares inventory can further be optimised. SIMO process must be in alignment with the principle of creating a balance between demand and supply which can be achieved by the following approach:
- Inventory optimization
- Spares forecasting
- Inventory rationalization
- Spares identification