Maintaining infrastructure assets can be quite an expensive affair. So expensive that they may take a toll on the RoCE and reduce your profits significantly. Imagine the quantum of damage an asset breakdown can do to your project?
The good news is that the damage can be controlled and cost be reduced. How? We will come to that later. Let us first identify the pain areas and ascertain which factors create the largest impact on asset maintenance cost?
An asset’s maintenance and repair cost can be broken down into three components:-
The reason for major failures to occur is the negligence of maintenance team and/or lack of preventive and predictive maintenance measures. Infra-equipments, as we all know, demand adherence to strict maintenance schedules for optimized functional capabilities. Unfortunately in India, most infra-asset owners continue to monitor and manage their assets manually, causing the assets to skip vital schedules. Lack of regular inspection and timely maintenance first leads to minor defects, which later gets converted to major asset failures, in turn resulting in augmented repair cost.
A substantial part of the ‘20% major failure and 80% repair cost’ is attributed to the inappropriate maintenance methodology mentioned above.
Obviously, by controlling minor repairs! Taking charge of the situation when the damage is small can help you avert major asset failures. Something as small as regular tyre alignment can increase the tyre life by 25-30%.
An increase in focus on preventive maintenance and periodic inspection can minimize breakdowns and diminish repair costs significantly. However, achieving this with manual maintenance is not possible; automation is a definite way out.
Tappet Box, an infra asset management solution can help you automate your asset management and weed out small defects timely, thus averting major failures. With its end-to-end features that cater to all aspects of asset lifecycle, Tappet Box keeps a periodic track of your assets and updates you real-time about their current status.
With focus on smaller but more important areas if asset maintenance, we target to reduce your asset’s major failures by half and curb the repair and maintenance cost by at least 25%.
Find out more about us and push you asset towards enhanced performance. Call us at 1800 121 1151