Predictive Maintenance: How Continuous Performance Testing Enhances Vendor Relationships and Asset Health

January 31, 2018 James Walton

Predictive maintenance will revolutionize vendor relations and extend asset health in profound ways.

Continuous performance testing refers to the use of automated systems and software suites to drive savings in facilities management. Facilities Managers that understand their primary costs, operating demands and patterns throughout their assets can successfully mitigate potential losses and increase the efficacy of service provider relationships in several ways, explains Chain Store Age.

  1. Continuous Performance Testing Enhances the Predictive Maintenance Schedule

Understanding how your asset function is integral to the creation of a predictive maintenance schedule. By definition, predictive maintenance occurs when a given set of circumstances appear that allude to a potential problem within a given asset, such as an oxygen-flow sensor within a heating unit. If the sensor fails, the unit may shut down prematurely, and depending on the type of system in place, this could result in the release or buildup of poisonous, hazardous gases, such as carbon monoxide, within your facility. Through continued analysis of asset performance, predictive maintenance is refined.

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  1. Better Capital Planning Lends Itself to Opportunities for Discounted Service Provider Rates

Since Facilities Managers can leverage data through performance testing to generate predictive maintenance schedules, service providers have a better understanding of when and what type of maintenance will be required. Although it may seem minor, this results in less time spent inspecting equipment for problems, driving to the facility and scheduling technicians to complete the work. Due to decreased costs on the service provider-side of the equation, Facilities Managers may see a decrease in overall vendor billing and rates, including service providers and offering discounts for those using predictive maintenance systems.

  1. Modern Systems Hold Field Service Technicians Accountable

Facilities Managers may not have a highly technical education, as it relates to specific repairs costly, expensive equipment, such as HVAC systems. Regardless of ethical standards, field service technicians do make mistakes, and a service provider may invoice repairs incorrectly. However, modern systems can use data to determine the exact actions the technician took in accessing the system, as well as verifying the completion of repairs.

Consider another scenario. If a technician does not have the proper skills to complete a repair, more than systems, using augmented reality and virtual-reality, may be used in the future to teach technicians how to make repairs on the go. This will further drive down costs and increase the benefits of using predictive maintenance and smart systems in your facility.

  1. It Improves Asset Health, Longevity and Performance

Predictive maintenance also improves asset health, longevity, and performance. Since the equipment is maintained to a higher standard than baseline OEM recommendations, it may easily out live its expected lifespan. Depending on the size of your enterprise, this could translate into millions of dollars in savings from an extended life expectancy of crictical assets.

Grease the Gears of Your Facilities Management Operation With Predictive Maintenance

Implement a predictive maintenance plan in your program to boost vendor-client relationships and extend asset health today. Find out how your organization can gain increased visibility into your assets, reduce overall total cost ownership, and create a predictive maintenance program through smart building solutions by visiting ENTOUCH online or calling 1-800-820-3511 today.

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