POSCO chooses SAS® Predictive Asset Maintenance to maximize cost efficiency for preventive equipment management
CARY, NC – SAS, the leader in Business Analytics software and services, is implementing SAS® Predictive Asset Maintenance at POSCO (Korea), one of the world’s largest steelmakers. Planned for completion by May 2009, the project is designed to improve reliability and productivity and reduce costs.
POSCO’s Facility State Precision Predictive System will use SAS to optimize operations at its facilities, minimize maintenance and equipment replacement costs, and improve productivity.
Efficient management, operation and maintenance of facility assets are crucial in the manufacturing industry. Using SAS, POSCO is introducing more innovative pre-detection methods, solving equipment malfunctions and predicting asset replacement. As a result, POSCO expects to improve production capacities by increasing facilities operating times and reducing unnecessary maintenance expenses.
SAS Predictive Asset Maintenance enables POSCO to schedule necessary maintenance by detecting problems and pinpointing malfunctions and risks of failure. The innovative solution uses predictive data-mining, data integration and data management to derive an accurate and up–to-date condition report of facilities. By regularly monitoring facilities, POSCO can reduce accidents, minimize disruptions and maximize the efficiency of preventive maintenance.
“Predictive asset maintenance is an effective means for the manufacturing industry to improve performance in this era of economic crisis, which demands efficient equipment operation, productivity increase and cost reduction,” Sam Cho, SAS Korea Country Manager, comments. “SAS Predictive Asset Maintenance at POSCO is designed to determine, apply and manage predictive maintenance. Its systemized methodology of process analysis and data management is based on SAS’ unique data-mining techniques. Pinpointing optimum predictive maintenance means POSCO can accurately predict the point of time to perform minimum repairs at minimum expense.”
Some of the world’s largest, most advanced manufacturing companies in a number of industries have introduced SAS solutions such as SAS Predictive Asset Maintenance, which has enabled them to manage assets and facilities more efficiently and cost effectively.
Founded in 1968 in Korea, POSCO is one of the world’s leading steelmakers, with two large production plants and some 28,000 employees working to produce over 33 million tons of steel annually. In 2008 POSCO had revenues of over $30 billion and is well represented internationally, with 24 subsidiaries and 17 offices around the world.
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions delivered within an integrated framework, SAS helps customers at more than 45,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world The Power to Know® .
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