Equipment lifecycle management is a reliability improvement strategy for actively managing critical, high value equipment to achieve the highest reliability, lowest lifecycle cost and minimum production loss. Equipment lifecycle management allows each piece of equipment to be managed for best reliability performance plus it allow the calculation of reliability patterns across an equipment type or plant area.  This provides patterns of top root causes of failure, mean time between failure, and cost of failure, which can be used to alter plant procedures in order to lower cost.

The Tango™ equipment management module provides the plant with an equipment lifecycle history report and a location life history report.  The beige row at the top reveals all known information about equipment design, including linked documents. The lower grouping of rows contain all known lifecycles stages for the equipment – a yellow row indicates purchase information, blue indicates spares status, green indicates service location, beige indicates repair information and a black row shows scrap status.

Benefits of Tango™

• Easy and standardized entry of equipment lifecycle events, such as installations, repairs and stores.
• Helps in determining if a problem is equipment related or location related.
• Provides focus on reliability and lifecycle cost improvement.
• Increases machine reliability through the systematic application of root cause of failure analysis using historic failure patterns.
• Assists in managing repair vendors.
• Calculates reliability metrics, such as MTBF and top causes of failure.