Fluid Gas Handling

8 Reasons You Can't Afford to Ignore Condition Monitoring

8 Reasons You Can't Afford to Ignore Condition Monitoring - Parker Hannifin SensoNodeThe value of condition monitoring reduces maintenance time and labor costs. Monitoring your assets' conditions using gauges and clipboards is no longer cost-effective. Today, the Industrial loT allows you to identify and address issues before failure occurs, and optimize your assets and processes to be more efficient.

Reduction in maintenance costs

See a 50% reduction in maintenance costs. This Includes costs normally associated with maintenance, such as labor and overhead, and actual materials cost of repair parts, tools, and other maintenance equipment.*

Cut mean time to repair 

Time is money so if you can reduce mean time to repair by 60% you win. Better plan each repair and reduce MTTR by pinpointing precisely where the issues are in specific machines, thereby eliminating guesswork.*


Reduction in spare parts costs

A 30% reduction makes an impact on your bottom line. Rather than order and stock a full inventory of spare parts, condition monitoring provides sufficient lead time to order parts as needed.*

 

Condition monitoring provides sufficient lead time to order parts as needed Click To Tweet

8 reasons you can't afford to ignore condition monitoring - increase in asset availability - Parker Hannifin

Reduce downtime

A 40% reduction in downtime. By performing maintenance only when needed, operators reduce the frequency of planned shutdowns, keeping assets in service more often.** 

Reduction in machine failures

55% reduction in machine failure. Just during the two-year period after implementing the predictive maintenance program. With regular monitoring, projected reductions increase.*

Extend asset life

Extend asset life by 30%.  Based on five years of operation with predictive maintenance. Condition monitoring programs help prevent serious damage to
machinery and systems, increasing the operating life of assets.*

Increase in asset availability

30% increase in asset availability. By monitoring asset health in real-time, operators can forecast degradation or pending failure, and modify maintenance or production schedules.**

Increase production 

8 reasons you can't afford to ignore condition monitoring - increase in production image - Parker Hannifin​Increase production by 25%. Through consistent, accurate condition monitoring , operators can avoid unplanned downtime and optimize assets to operate more efficiently.**

 

 

 

 

 

 

 

 

8 reasons you can't afford to ignore condition monitoring - Condition Monitoring Preventative Maintenance Infographic - Parker Hannifin


8 Reasons You Can't Afford to Ignore Condition Monitoring | Parker Hannifin from Parker Hannifin Corporation

Sources:

* Mobley, R. Keith. An Introduction to Predictive Maintenance. 2nd ed. Philadelphia: Elsevier Science. 2002. 70- 73. Print.
** U.S. Department of Energy

Learn more about condition monitoring from Parker Hannifin
 

Additional resources:

Taking IoT to the Last Mile by Listening to the “Voice of the Machine” 

Scrap Happens – Save Money by Reducing Rework 

IoT Drives New Opportunities in Condition Monitoring

Condition Monitoring Solutions for Power Generation Plants

Reliability Centered Maintenance Reduces Costly Downtime in Oil & Gas Applications

Preventive Maintenance vs. Predictive Maintenance

Categories
Recent Posts by Author

New High Pressure Hydraulic Hose Replaces Rubber Hose in Oil and Gas Applications

Products used in the rigorous oil and gas industry must be resilient and of high quality to properly support these complex operations. Hoses and connections need to be safe, versatile and efficient....

Check Valves Are the Unsung Heroes of Fluid Power

Check valves are unseen and undervalued. These valves are found in just about every mobile and industrial hydraulic system on the planet. Simply put, if there’s a pump, most likely you will find...

Important Tips When Selecting Valves For Analytical Instruments

Valve technology has come a long way with many available features. Gas and liquid multimedia valves that are used in chemical analysis such as Gas Chromatography/Mass Spectrometry (GC-MS) and Liquid...
Comments

Have a question about Parker products or services? We can help: Contact Us!

Comments for 8 Reasons You Can't Afford to Ignore Condition Monitoring


Please note that, in an effort to combat spam, comments with hyperlinks will not be published.

Leave a comment





Captcha