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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

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