As economic conditions tighten, organisations are delaying the replacement of ageing assets. The challenge for maintenance engineers is keeping old machines running efficiently
The economic downturn is bringing new challenges thick and fast, from inflation and higher interest rates to supply chain disruption caused by military conflicts in Europe and elsewhere.
In a climate like this, many organisations will struggle to justify the cost of replacing ageing assets. That leaves maintenance engineers working hard to extend the reliability of old machines and trying to keep operations running smoothly. More than a quarter of respondents to the Industry in Motion report produced by RS and the Institution of Mechanical Engineers (IMechE) cited ageing assets as a key driver of unscheduled plant downtime. At the same time, more than half said the data they are currently measured on is not at all reliable.
Tactics for increased reliability
Condition-based monitoring is important for increasing productivity and reducing unexpected breakdowns and downtime. It uses technology to monitor the performance of machines and plants without the need for regular manual inspections.
Sensors keep track of a range of machine performance parameters such as vibration, oil quality and running temperature, and continuously send this data to a monitoring unit. When a machine is found to be running outside expected parameters, early interventions can be made to prevent equipment failure and unplanned downtime.
Condition-based monitoring enables an organisation to adopt a predictive maintenance approach driven by digital technologies. Connected devices and machine learning, operating within an Internet of Things (IoT) architecture, generate rich streams of data on plant performance.