When organizations work with ‘smart operations’ in their asset management pursuit, they function at optimum capacity, reduce maintenance costs, and increase production.
With a 'Smart Operations' strategy in place, organizations can work with best practices in Demand Forecasting and Inventory Optimization to eliminate excess inventory and maximize service levels.
Plant downtime/idle time is a common operations and production management KPI. Its tracking and optimum regulation under the 'Smart Operations' function can be effectively used to the productivity advantage of an organization.
