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What are the challenges addressed?

The challenges are major for asset managers who must juggle a very large number of aging assets, often documented according to a deficient information structure.

Issues

In a situation of perpetual delay, asset engineers have difficulty getting away from routine tasks in order to offer added value to their work. A lot of time is allocated to:

  • Find decentralized data in multiple sources (email, databases, paper, Excel, etc.).
  • Transcribe data into the appropriate Excel files.
  • Read and analyze long, dry reports.
  • Cross-reference sometimes incompatible data to establish the status of assets with certainty.

Although essential, asset inspections represent major costs. Spending is increasing for several reasons:

  • Inspections do not follow a specific inspection plan.
  • Poor data collection (for example, defect positioning) forces numerous inspections to be repeated.
  • Extensive reports take a lot of time to write and review.
  • The lack of structure among inspection subcontractors makes reading reports very complex. The construction of a uniform inspection methodology for different types of assets is necessary in order to standardize data collection among subcontractors. Stelar will make it possible to give substance to your methods.
  • Inspection subcontractors use very different methods, which complicates the task for the engineers responsible.
  • In this context, it is impossible to guarantee that everything is under control and that there will be no accidents or total asset failures.

Collect inspection information with the Stelar mobile app

What are the costs associated with the issues addressed?

The challenges are major for asset managers who must juggle a very large number of aging assets, often documented according to a deficient information structure.

Expenses*

  • 90%reduction in the number of reinspections. (~48k$ annually)
  • 72%Reduction in Billable Time for Writing Reports. (~$300k annually)
  • 94% Reduction in billable research of basic documents (plan, materials, TMin, reports, etc.). (~$96k annually)

Internal Efficiency*

  • 65% Discount for reading and analyzing reports. (~$48k annually)
  • 90% Reduction for manual data transcription. (~250 hours per year)
  • 88% Reduction in the drafting of internal inspector reports. (~1000 hours per year)
  • 33% Fewer Requests to Hire Inspectors. (~$225k annually)

For a particularly metallurgical plant with a large number of tanks, chimneys, buildings, pressure vessels, pipes and other critical assets.

Solution to the challenges - Stelar

The functions of the Stelar platform and mobile application allow you to:

  • Standardize inspection forms according to a directed methodology
  • Collect relevant data digitally
  • Automate Report Generation According to Specific Criteria
  • Centralize information by asset (design plan, materials, year of installation, positioning, past report)
  • Establishing asset health (health index, risk index, residual lifespan)

Stelar benefits

Beyond quantifiable benefits, Stelar offers a wide range of tangible benefits allowing organizations to improve the reliability and integrity of assets so that they become more efficient.

  • Apply a standardized method for collecting inspection data
  • Optimizing subcontractor operations
  • Accelerate the search for relevant data
  • Check the condition of assets
  • Improving decision making
  • Improving communication between departments and managers
  • Increase the value of professional efforts