Maintenance costs are estimated to range between 15% and 40% of total production costs. In the last three years roughly 82% of companies experienced at least one instance of unplanned downtime; in just the automotive industry alone, the average manufacturer loses $22,000 per minute when the production line stops. As a whole, this costs industrial manufacturers as much as $50 billion a year.
Using NEMESIS, manufacturers can look ahead and determine future failures, maintenance schedule adjustments, and repairs that could be performed before the asset fails. The NEMESIS in-built Case Management System can help conduct preemptive investigations for safety compliance, corrective actions, and increased asset life.
This case requires the use of maintenance historical data, including asset usage frequency, usage time, maintenance schedule details, repair date, etc.