Brisbane, Australia - Oniqua MRO Analytics (www.oniqua.com), the leading provider of analytics-based MRO optimization solutions for asset-intensive organizations, today announced the release of Oniqua Analytics Solution (OAS) Version 6.4 - the company’s most advanced software offering to date.
OAS 6.4 supports a full array of 24 value-based elements, extending OAS capabilities across six key MRO (maintenance, repair and operations) value domains, including: Equipment Performance, Maintenance Effectiveness, Inventory Optimization, Procurement Effectiveness, Supplier Performance and Supply Chain Effectiveness.
“As a long time Oniqua customer, we’ve derived significant value from Oniqua’s MRO inventory optimization capabilities,” stated Matthew Cain, Manager Supply and Contracts, Xstrata Copper, “and we’re excited about achieving similar results from the wider range of capabilities now available in OAS 6.4. Cost pressures are only increasing across the mining industry, and OAS 6.4 will enable our executives and plant managers alike to leverage the power of advanced analytics to better control our MRO-related costs, reduce downtime and improve service levels.”
“OAS 6.4 represents a landmark release for Oniqua,” stated Andy Hill, CEO and cofounder, Oniqua MRO Analytics. “It goes a long way in advancing our vision of providing the most value-rich, end-to-end MRO analytics software solution in the industry. It is our philosophy that the greatest value comes when high levels of visibility and cooperation exist across supply chain and maintenance teams. OAS 6.4 strongly promotes this concept, further amplifying the value and efficiencies that can be achieved across the entire MRO asset value chain.”
OAS is the only best-of-breed analytics solution to optimize the full range of MRO supply chain and asset management activities. In his September 2011 report “Strategic Roadmap for Analytics”, Gareth Herschel, Gartner Research Director stated, “Packaged analytic applications make it easier for users to adopt analytic capabilities…. More groups will obtain funding for their analytic requirements and can base strategies on analytics. The spread of analytics across the organization will improve decision making, reduce costs and increase revenue.”
With a newly architected user interface designed for seamless cross-domain analytics, OAS 6.4 delivers an extensive set of new and enhanced asset performance management capabilities, including:
Cross-domain Analytics - Includes failure analysis; identification of poor performing equipment; related parts identification “where-used” through BOM and/or issues; optimized reordering parameters; supplier performance reviews
New & Enhanced Functionality - Includes asset performance visibility; equipment failure analysis; maintenance performance visibility; maintenance forecasting; quick reporting with Web Intelligence; workflow and approvals; work queues by business unit; quick metrics; streamlined MRP/Lot Size validation
Improved User Experience - Includes a new look and feel packed with interactive visual analytics; unified User Interface with embedded business intelligence and reporting; rapid drill down and cross-domain relationship visibility with where-used analysis, multi-windows, and quick navigation
“The architectural design of OAS has historically been based on a modular construct,” stated Carlos Fairgray, Vice President of Product Development, Oniqua, “but we’ve opened things up in 6.4 to remove the barriers inherent in that approach. At Oniqua we’ve adopted a strong collaborative development process, and through advisory board councils, site visits, online forums and user workshops, we’ve built 6.4 that is not only more powerful within supply chain and maintenance functions, but also more seamless and collaborative across them.”
Powered by sophisticated algorithms and advanced analytics, OAS 6.4 provides comprehensive MRO analytics reports, operational KPIs and “what if” scenarios, offering proactive, prescriptive decision-making support. Out-of-the-box business rules accelerate time-to-value, yet are highly configurable to cater to unique customer needs. A continuous feedback loop between OAS and enterprise systems provides ongoing performance improvements and incremental value to existing ERP and EAM investments.
OAS 6.4 is offered as a hosted solution, ideally suited for organizations of all sizes looking to minimize total cost of ownership, streamline administration, accelerate deployment and take advantage of leading-edge functionality, greater remote availability and exclusive preview product releases.
In a research note entitled Analytics for Asset Performance Management, Ralph Rio, research director, ARC Advisory Group, stated, “During the recent difficult economic times, Oniqua’s customers focused on using the company’s software to help reduce MRO inventory to conserve cash and improve their balance sheets without compromising equipment uptime… For Oniqua, this was an excellent business model during a major recession. The improving economy provides an opportunity for customers to take advantage of the other capabilities in Oniqua’s Analytic Solution.”
About Oniqua MRO Analytics With operations in the Americas, Africa and Asia-Pacific regions, Oniqua is the world’s leading MRO (Maintenance, Repair and Operations) analytics software company. Oniqua helps organizations maximize profits, savings and efficiencies by minimizing MRO waste, and delivers a positive return on investment in as little as three to six months. Oniqua Analytics Solution (OAS) leverages customers’ transactional data by applying advanced analytics to identify inefficiencies and ensure that their maintenance, inventory and procurement operations run as efficiently as possible. Oniqua is proud to serve the world’s leading companies in the oil and gas, mining, utilities and other asset-intensive industries, including ConocoPhillips, BP, Hawaiian Electric, Nebraska Public Power District, Orange County Transportation Authority, Vale, Codelco, Rio Tinto, Anglo Coal, BHP Billiton, Newmont Mining, Alcoa, Xstrata, Drummond Company, Freeport McMoRan and many others. www.oniqua.com
“R.A.I.” the Reliability.aiTMChatbot
You can ask "R.A.I." anything about maintenance, reliability, and asset management.