With Equipment Performance Management (EPM), ABB assumes responsibility and accountability (risk/reward included) for managing the customer’s equipment with a priority on energy and automation chains.
In this type of contract, ABB creates customized maintenance solutions hand-in-hand with the customer. They combine their own unique process expertise with ABB’s equipment experience, performance monitoring tools, and maintenance management practices. Within a long-term partnership, ABB guarantees the performance of the covered assets under a fixed cost and performance-based contract.
The primary goals of an EPM program are to:
- Increase production availability and reliability
- Extend the asset life
- Increase performance (speed, quality)
- Reduce total cost of maintenance activities
- Reduce unplanned equipment outages
- Manage inventory more cost effectively
- Improve maintenance planning according to production needs
- Establish clear measures for performance
- Create a proactive, maintenance alarm system
ABB and the customer share fully in the economic risks and rewards of equipment and production, creating a true collaborative service relationship.