Plant Asset Management

Delivering solutions in manufacturing, engineering & digital.

Plant Asset Management

TAAL Tech works with customers across a variety of industries to develop customized Plant Asset Management (PAM) solutions. Our integrated asset management services and solutions span the entire asset life cycle from deployment, operations, maintenance, upgrades, right through to disposal and retirement.

Our services:

Reliability Centred Maintenence (RCM)
Time based maintenance
Reliability engineering
Asset life cycle cost modelling
Predictive analytics
Asset tracking and health monitoring

Benefits:

Increased productivity
Reduced operational expenditure
Reduced inventories
Reduced maintenance costs
Improve safety
Tighten environmental compliance

About Plant Asset Management:

The market for plant asset management (PAM), sometimes referred to as Manufacturing Asset Management (MAM) is projected to grow from $5.5 billion in 2019 to $9.4 billion by 2024, compounded growth rate of over 11% annually.

The underlying idea behind Plant Asset Management is to create a single digital instance of the entire manufacturing infrastructure and to then use this digital model for all decision making processes across departments, where possible automating decision making through the application of Artificial Intelligence and Machine Learning technologies.

Plant asset management covers all the assets in a manufacturing facility including all the machinery, parts, production lines, and buildings; it encompasses their entire decision making lifecycle including investment, disinvestment, and management.

Although Plant Asset Management focuses on physical assets, by injecting greater predictability into the business, it impacts all functions including human resources, financial planning, and sales. Asset management is all about reducing failures, extending asset lifecycle, streamlining operations, and increasing efficiencies across the plant.

Implementation:

Define the asset boundaries: Decide which assets will be covered by the system. We may wish to start with a subset of assets, the management of which will yield the quickest benefits and may help secure buy-in from the team.
Gather data: Asset management requires data to be collected from IIOT devices, sensors, and from manual surveys (this data has to be fed in). All this data needs to be streamed and collected for analysis and further action.
Establish the IT infrastructure: The current IT infrastructure has to be studied and augmented as required to use and action the data effectively.
Training: Effective asset management is part of a quality culture that focuses on continuous improvement. Therefore the key to successful implementation is creating awareness amongst employees of the need for Asset Management and training them properly so that they experience and feel the benefits themselves. Asset Management, implemented correctly, reduces drudgery and moves people into value-added activities.

What our clients are saying

"What I like about working with TAAL Tech for our analytics tool is your responsiveness and the commitment towards deliverables. Your developers are always working to ensure that things are delivered as per expectations and are open to feedback & modifications to accommodate any change in requirements"

CEO
Ohio, US Based Aerospace Parts Manufacturer

"TAAL Tech engineers have done a great job helping our company navigate many challenging events this year, including COVID-19, network outage and changing needs from our staff. TAAL Tech continue to be a great partner with our company and we greatly appreciate their ongoing support"

Operations Director
US based Consulting Engineering firm

"I want to express my appreciation for TAAL Tech for the exemplary services provided to us in Structural design projects. Our association has proven to be very successful and we would like to continue with TAAL Tech in the future"

Manager of Projects
US based Heavy Machinery manufacturer

"Many thanks and congratulations to TAAL Tech’s engineering team! We are pleased with the contribution of the TAAL Tech’s engineers towards the design and development of our new module, which has been praised by our customers and the media"

Managing Director
European Bus and Coach manufacturer

"We have been working with TAAL Tech engineers at our site for stress analysis on our products. They have consistently proven their ability to produce quality & timely analysis and the relationship has worked out very well. We are considering extending the team to include India based offshore engineers as well"

Engineering Manager
US based Aerospace manufacturing major

"TAAL Tech has provided apt engineers and production support for multiple projects and has delivered within deadlines."

VP - Engineering
Texas, US based Oil and Gas equipment manufacturer

"TAAL Tech's pipe stress engineering team's technical skill level exceeded expectations. TAAL Tech engineers had a variety of experience and often offered unique solutions to pipe stress problems. All of TAAL Tech's team members helped our company to transition from Auto Pipe to Caesar II pipe stress software"

Design Manager
US Based EPC

Manager of Projects
US based Heavy Machinery manufacturer

"Many thanks and congratulations to TAAL Tech's engineering team! We are pleased with the contribution of the TAAL Tech's engineers towards the design and development of our new module, which has been praised by our customers and the media"

Managing Director
European Bus and Coach manufacturer

Engineering Manager
US based Aerospace manufacturing major

"TAAL Tech has provided apt engineers and production support for multiple projects and has delivered within deadlines."

Principal
US based MEP firm

"Feels like a smooth running machine at this stage of the working relationship"

Senior Design Manager
Leading US Agri-equipment manufacturer

"TAAL Tech is very responsive and able to quickly handle new suggestions and requests"

Outsourcing Manager
US based manufacturer of Engineered Building Solutions

"l am incredibly pleased with the competence, commitment, and communication put forth by this team"

Manager - Design & Development
Leading US EPC company

"We have had a great business relationship so far"

COO
US software company

"The team has done a good job meeting timings despite frequent changes in the scope of projects"

Lead Mechanical Engineer
US Trailer manufacturer

"The team does a great job"

Engineering Manager
US MEP Contractor

"Great quality and professionalism"

Head of Modeling
European Construction Tools manufacturer and BIM Contractor

"Even during the Covid lockdown period and despite several problems In the family the TAAL Tech team was always responsive and prepared to support us on short notice - thank you very much!"

Head of R&D
European Manufacturer of Consumer and Industrial products

"The team is very responsive and works well"

Engineering Manager
US MEP Contractor