Process Safety Management (PSM) cannot stand on a sandy foundation. Sphera’s Master Data Management for-MRO provides the crucial link for PSM stabilization, creating a business- and AI-ready MRO data foundation.
PSM relies on enterprise-wide matrixed practices. For best outcomes, MRO data must be correct, especially for safety-critical assets, to ensure Mechanical Integrity (MI).
Catastrophic failures are high-cost, high-impact events. When unremarkable events cascade, triggering major MI failures, the often-avoidable impacts on fatalities, plant damage, the environment, production downtime, lost sales, reputation, and profits can last for years. The solution is “stacked integrity,” a multi-layered defense against risk.
PSM depends on Plant Maintenance (PM) for MI assurance. PM requires the availability of the right parts in MRO Inventory, as specified by Reliability Engineering. These parts must be fit-for-purpose and easily retrieved. Inventory optimization (IO) depends on matching future MRO demand with Digital Supply Chain (DSC), ensuring sourcing from trusted suppliers and manufacturers, while avoiding critical spares stockouts.
Excellence in MRO master data and governance provides the foundation for these interconnected processes.
Reason or regulation – What you need to know
Right parts, right time, right location is the imperative, with required quality certifications, to MI failures such as leaks and seeps, loss of containment (LoC), fires, explosions, and the cascading impacts that erode a company’s financial position. Something as simple as an incorrect Material Specification Type (MST), leading to corrosion, which sparks a fire; a risk unforeseen in FMECA, during inspections, or undetectable due to poor design.
To source quality spares, companies rely on approved vendor, manufacturer and parts lists managed by category managers for correct procurement, done swiftly and with savings, while avoiding costly expediting and mistakes.
In short, effective PSM requires collaboration across supply chain, inventory, and maintenance practices for maximum effectiveness.
Who this affects and impacts to your company
With poor MRO master data flawless PSM is difficult, especially during high stress scenarios such as unexpected downtimes caused by reliability problems. In these moments, resilience, and speed, matter, while “firefighting” leads to mistakes, increased risks, and extra costs. Poor data leads to poor business results, bad interventions, missed risks, and higher incidences of Serious Injuries/Incidences and Fatalities (SIIFs), spreading damage to your plant, people, the public, the planet, and your profits, as well as your reputation and brand. Impacts and costs are often immeasurable to individuals, families, and companies.
Good MRO data extends benefits to learner, more productive, and more efficient processes spanning across the enterprise. More uptime improves production throughput, which can lead to increased revenue. Additionally, spending reductions, more effective use of working capital, and reductions in maintenance costs improve EBITDA and the bottom line. The ROI of excellent MRO master data cannot be overstated.
When and what to do – Act now
Do not get caught with poor data. Implement Sphera’s MDM-for-MRO today!
Act now to begin the journey to MI assurance. Get your data clean and keep it clean with Sphera. Engage in our end-to-end collaborative process:
- Get our free Material Master Assessment (MMA).
- Work cross-matrixed leaders to uncover ROI potential and engage in data governance strategy.
- Embark on journey to get your data clean; transform and master it using Sphera’s Standard Modifier Dictionary (SMD).
- Change culture for safety and data integrity; communicate change throughout your organization.
- Implement MDM MRO Governance to keep your data clean.
Sphera’s Data Quality Optimization and Cleansing Services, coupled with Sphera’s Standard Modifier Dictionary, will help you get the data right. Our Professional Consulting team will quickly implement the platform and integrate with any modern ERP and business system(s) via our open API / connectors. Sphera’s MDM manages various data types: spare parts, consumables, supplies, tools, PPE, services, and bills-of-materials (BOMs), raw materials, and products.
According to the Sphera report, 85% of respondents enforce processes where every employee can report, fostering greater workplace safety accountability and engagement at all levels and emphasizing a more inclusive approach to identifying risks. Remote, contract and onsite employees should all be encouraged by senior leadership to speak up if they notice safety gaps.
How Sphera can help
Sphera’s MDM-for-MRO platform lineage, pedigree, and proven record of accomplishment date back to 1978.
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Complimenting the platform, is our time-tested, proven “White Glove” MRO data quality sustainment process, overseen by our experienced MRO experts, engineers and data specialists, many having 20+ years in industry.
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We have worked with hundreds of customers in asset-intensive industries worldwide for decades, helping drive down costs and risks in the supply chain, inventory management, maintenance, process safety, and sustainability.
What happens next?
Contact Sphera for a discovery meeting to explore, discuss and understand potential improvements. We can assess your data, schedule a demonstration, review implementation options, and show you how to get your data clean and keep it clean.
