Application

Investment prioritization

Emergencies are certainly very problematic for organizations. They are very expensive. Prioritizing asset maintenance interventions is essential to stabilize operations. Without a system to monitor the real health of all assets, organizations struggle to properly plan their investments in the short, medium and long term.

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What are the challenges addressed?

There are two types of costs associated with the effectiveness of an inspection tool: the effectiveness of internal teams and the external expenditure on mandates awarded to inspection firms.

Issues

Field observations are rarely collected using a standardized method, which prevents the consistency and logic of the data. Assessing the condition and risk associated with assets is therefore complex to establish.
The budgets allocated may depend on the motivations, perceptions or beliefs of the individuals in charge rather than on concrete facts.
The absence of a tool to visualize the health and risk associated with all assets
Past events and changes in asset conditions are not necessarily known to everyone or listed on a platform.
Lack of effective communication across organizational levels

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What are the costs associated with the issues addressed?

There are two types of costs associated with the effectiveness of an inspection tool: the effectiveness of internal teams and the external expenditure on mandates awarded to inspection firms.

Expenses*

40% investments are not put on the right assets (urgent assets).
35 to 40% of the budget is clumsily placed on medium priority assets rather than on high priority or urgent assets.
6 to 8 Emergencies in metallurgical companies are times more expensive (30 to 90 per year).
$38.5 MILLION Out of $100 million, budgets are spent on these unexpected emergencies.

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*Data context

For a medium-sized 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

Au-delà des bénéfices chiffrables, Stelar offre une large gamme de bénéfices tangibles qui permet aux organisations d'améliorer la planification des investissements afin qu'elles deviennent plus intègres et performantes.

Beyond quantifiable benefits, Stelar offers a wide range of tangible benefits that allow organizations to improve investment planning so that they become more honest and efficient. The visualization of the financial needs projected over the next few years, based on inspections and recommendations, allows a good understanding of the future evolution of asset health and the investment effort to be made to guarantee an optimal level of service.

Better visualization of information based on the real condition of the assets and associated investments.
Better prioritization of interventions reducing emergencies
Better knowledge and planning of short, medium and long term investments.

Better communication across organizational levels
Better understanding of the overall and specific health of active people

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Knowledge transfer

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Railways

Mines and metals

Articles

Satisfactory strategic asset management planning

Prioritize asset management interventions