Quant, a global leader in factory equipment maintenance, has enhanced worker safety, optimized plant floor productivity, and improved equipment performance for customers.
For decades, Quant has been the partner of choice for over 400 industrial customers worldwide, including ABB Group, Dow, and Shell. Its full-service offering – assuming total responsibility for maintenance of industrial plants – helps its customers realize the full potential of their plants. Quant assists in everything from optimizing maintenance costs and improving plant performance to embedding superior safety practices and building a true maintenance culture.
Quant manages the maintenance spend through 70 Total Maintenance Outsourcing engagements in over 20 countries. Its 2,600 employees helped drive approximately €200 million in 2019 revenue.
Quant’s core is transforming the business of maintenance for factory equipment, and by embracing the Industrial Internet of Things (IIoT), it is taking this mission to the next level.
Balancing Costs and Profitability
Quant does not own any machines, generators, pumps, or motors, nor does it sell any OEM equipment. Rather, its employees are its asset. Its typical engagement is a long-term contract which includes a Quant team embedded at a factory location or other site the company is maintaining. For instance, when Quant handles maintenance on the machines in a paper manufacturing factory, the multi-year, fixed-price contract includes outsourcing services, all on-site personnel, and spare parts.
In essence, Quant is proposing to own the maintenance department. In many cases, Quant takes on the people already working in these facilities. “Nobody knows the equipment like the people who work and deal with it on a daily basis so we want to preserve that institutional knowledge,” explains Olof Hedin, Quant’s Chief Digital Officer.
Quant layers in processes, management and in-depth knowledge of industry-wide performance to reach the mutually determined goals – or KPIs – in the agreement. Quant clients frequently propose a bonus model – usually based on safety and technical availability – to incentivize efficiency. When working with companies that are newer to outsourcing, Quant guides them on the contract structure and bonus model.
Ensuring Safety, Improving Productivity
Maintaining complex environments of remote and aging factory equipment is no easy task; among the many challenges Quant faces are ensuring safety and reducing maintenance costs.
“Safety first” is more than a platitude at Quant. Quant’s safety-minded culture informs every action at the company, which conducts a personal security check at the start of each meeting. In many contracts, a strong safety-first mindset is already in place; in others, Quant’s onboarding strengthens and professionalizes these practices.
Quant’s ability to meet service objectives at lower cost directly impacts contract profitability. It’s critical that Quant estimates with high accuracy the age, weaknesses and costs of factory equipment before it takes on a multi-year contract. If Quant can reduce plant maintenance expenses, it can optimize its customers’ output and reduce its own costs – driving up profitability for both parties.
Going Digital to Transform Industrial Machine Maintenance
In most cases, Quant enters a factory using the same workforce and the same factory equipment. Its value is the ability to better manage these resources through data-driven insight. Quant embarked upon a digital transformation strategy in 2015 to help give it the operating levers it needed in diverse factory environments.
“A strong digital toolbox makes it possible to reach new productivity levels and build a knowledge base that is hard to replicate through solid maintenance processes alone,” says Hedin.
Quant Smart Maintenance combines leading processes and methodologies, world-class safety stewardship, and a tailored digital platform. The solution manages a broad range of operational activities, including safety and sustainability, online Overall Equipment Effectiveness (OEE), value reporting, and big data analytics. A core component of the solution is Quant’s condition-based and predictive maintenance application, quantPredict, powered by ThingWorx.
“We take full responsibility for delivering both uptime and value to our customers. We are in a unique position of delivering that because we have insight and experience across geographies and industries. Digital tools are increasingly a part of that,” continues Hedin.
We have changed the role of maintenance from a cost burden to a value generator, improving business for our customers. With solutions like ThingWorx, we are able to combine a tailored digital platform with our employee knowledge, leading processes and methodologies, and world-class safety stewardship to deliver better plant productivity and safety
~ Olof Hedin, Chief Digital Officer, Quant
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