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What is VMetric?

Achieving a harmonious blend of operational effectiveness and costs rarely depends solely on investing in high-priced inventory management systems, which often provide only slight improvements. The budget allocated for spare parts should reflect the anticipated output levels of other investments to ensure alignment. To justify the acquisition or adjustment of spare inventory, a compelling business case must demonstrate how the proposed selection and distribution of components can lower costs while still meeting acceptable operational performance metrics. VMetric's optimization engine employs marginal analysis techniques within system-oriented models to fine-tune spare part choices, prioritizing components that boost availability at the most economical price. By integrating expenses with the overall performance of the system instead of viewing parts in isolation, VMetric delivers outcomes that result in efficient systems rather than merely well-stocked inventories, ultimately improving operational effectiveness and efficiency. This comprehensive strategy guarantees that organizations can sustain peak performance without incurring excessive financial burdens, fostering long-term success and stability.

What is Availability Workbench?

A comprehensive simulation software aimed at maximizing asset efficiency features an array of functions, including optimization of maintenance and spare parts, assessments of equipment availability, reliability-centered maintenance, analysis of life cycle costs, and accelerated life testing, all integrated into a unified platform. This tool offers seamless compatibility with systems like SAP or MAXIMO, allowing for direct analysis of real-time data. It identifies essential equipment and automatically develops failure models using Weibull analysis, facilitating the optimization of maintenance strategies while effectively reducing costs. Additionally, the software predicts system availability and refines design processes to improve outcomes. It enables the simulation of multi-product capacity, applies target cost penalties, and models system interdependencies utilizing reliability block diagrams (RBDs) or fault trees. Moreover, the platform incorporates operational rules to ensure accurate performance simulations. It assists in defining the most effective spare parts holding strategies and forecasts life cycle costs, while also assessing test data for stressed failures within the accelerated life testing module. Beyond these features, it helps detect trends in plant performance, thus offering a detailed overview of asset management. This multifaceted approach empowers organizations to make informed, data-driven decisions and significantly boosts their operational efficiency while adapting to future challenges in asset management.

Media

Media

Integrations Supported

Integrations Supported

IBM Maximo Application Suite
SAP Cloud Platform

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS
Windows

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
On-Site Training

Training Options

Documentation Hub
Webinars
On-Site Training

Company Facts

Organization Name

TFD Global

Company Location

United States

Company Website

tfdg.com/vmetric/

Company Facts

Organization Name

Isograph

Company Location

United Kingdom

Company Website

www.isograph.com/software/availability-workbench/

Categories and Features

Inventory Management

Not specified

Categories and Features

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