This article will explain why Mintek’s Transcendent makes a good Enterprise Asset Management (EAM) Solution for Utility Property Management.
The Reason for Reigning in Utility Property Management Costs
The United States has over 5400 power plants producing power from a variety of sources such as coal, nuclear energy, gas, and hydroelectric. These plants provide power through a myriad of interconnecting junctions, substations and surface or subsurface power lines.
“The U.S. electric grid is a complex network of independently owned and operated power plants and transmission lines. Aging infrastructure, combined with a rise in domestic electricity consumption, has forced experts to critically examine the status and health of the nation’s electrical systems”Source: NPR
If a downed power line can cause a 3 state power failure, utility companies can not afford to risk asset failure due to remoteness of locations and a lack of inspections that may identify weak points.
EAM features for Utility Property Management
By using an Enterprise Asset Management system with handheld technologies, utility managers can better plan inspections and preventive maintenance in order to minimize the chances of a catastrophic failure. Integration of an EAM will reduce reactive work order requests by inspection of assets and the identification of smaller problems before they become critical. Preventive maintenance can then occur. The financial impact can be felt through lower reactive travel costs, greater efficiency, lower labor costs (fewer reactive work orders requiring overtime)and ultimately fewer operational issues in the field.
Using mobile handheld devices for multiple locations and remoteness
Utility facilities can be located almost anywhere but substations, junction boxes and other components are often found in distant locations that require extensive travel. Results from work orders, inspections and repairs can be delayed waiting for technicians to return and file reports. One of Transcendent’s features is the integration of handheld devices that allow for real time scheduling and reporting of repairs, inspections and preventive maintenance. All information is collected and stored without paper and made available online for management. The result is faster analysis of situations and swifter response times.