Port-based companies represent a major economic driver for the UK, and more specifically for their region. They also play a vital role in the global economy, as they are responsible for facilitating the movement of goods and cargo between countries and continents. In order to be successful, these organisations need to be able to effectively manage their assets and operations. One way to do this is by using Enterprise Asset Management (EAM) software.
DNASTREAM has experience of working with port businesses to support them as they transform their asset management lifecycle.
What are the main drivers and unique challenges for port-based businesses?
Port businesses have a need to deliver handling and logistics-related services to customers to allow them to move their goods cost effectively and efficiently. They often provide added-value services such as warehousing and storage, marine terminals for oil and gas export, and fast and easy access for cruise operators and their passengers.
These delivery needs are balanced with an uncompromising attitude to safety together with environmental and sustainability concerns. Ports need to keep pace with the shipping industry especially as vessels increase in size, they are continually investing to maintain their position as a critical link in the global supply chain.
What are the advantages of implementing EAM solutions?
For port organisations who implement an EAM solutions we see:
Improved asset visibility and control: EAM solutions provide a comprehensive view of all assets, including location, condition, and maintenance history, which can help organisations to better understand the performance of their assets and make more informed decisions about how to manage them.
Reduced downtime: EAM solutions can help to reduce downtime by automating maintenance scheduling and providing real-time monitoring and alerts for potential issues, such as equipment failures.
Increased efficiency and productivity: EAM solutions can help organisations to optimise the use of their assets, reduce the need for manual processes, and improve the overall efficiency and productivity of their operations. The big advantage for any company that is currently using multiple discrete systems to manage their operations EAM can provide an integrated single solution. Port companies can use the process to transform their operating model through the use of the client specific customisation of the solution
Compliance and regulatory requirements: EAM solutions can help organisations meet their legal and regulatory requirements by automating compliance-related tasks and providing accurate records of their assets.
Cost savings: EAM solutions can help organisations reduce their operational costs by automating manual processes, optimising the use of assets, and reducing downtime.
Data-driven decision making: EAM solutions provide real-time data and analytics, allowing organisations to make data-driven decisions about the management of their assets and operations.
Improved security: EAM solutions can help organisations to improve the security of their assets by providing real-time monitoring and alerts for potential issues and ensuring that all assets are properly secured.
What are the particular challenges of implementing EAM solutions in a port business?
Implementing an EAM solution in a port business can present some unique challenges. Ports are complex environments with multiple stakeholders, a wide range of assets, and diverse operational requirements.
It is perhaps obvious but ports are usually located in harsh environments, with high levels of humidity, salt, and corrosive materials which can take a toll on equipment and make it difficult to maintain assets in good working condition. There are further threats to the security of port assets and infrastructure from theft, vandalism, and terrorism.
Port businesses generate a large amount of data from multiple sources, such as sensor, equipment logs, and maintenance records so it can be challenging to manage data quality, consistency, and accuracy. EAM solutions have to be able to handle large volumes of data and multiple stakeholders so selecting a solution that is scalable and can grow with the organisation is vital.
Ports are subject to a wide range of regulations and laws, including safety, environmental, and security regulations so ensuring compliance throughout any EAM implementation is crucial.
Most ports have been in operation for many years and have legacy systems that may not be compatible with new EAM solutions. Integrating these legacy systems with new EAM solutions can be a challenge.
What is DNASTREAM’s advice to ports who are embarking on an EAM solution?
To overcome these challenges, port organisations should:
Start with a clear understanding of your needs and goals
Involve key stakeholders in the process:
Choose a solution that can be easily integrated with your existing systems:
Focus on data quality
Plan for training and support
EAM implementation is not a one-time event, continuously monitor and improve
EAM software is designed to help organisations manage the entire lifecycle of their assets, from acquisition to disposal. This includes tracking and maintaining inventory, scheduling and performing maintenance, and monitoring performance. By using EAM software, port organisations can gain a better understanding of their assets and how they are being used, which can lead to improved efficiency and cost savings.
To find out more about our work preparing port businesses for EAM contact us.