Accenture has identified four elements that would help agribusiness companies transform into world-class asset maintenance organizations:
Develop a single, holistic program: Companies must start an umbrella program, covering all the existing asset management initiatives and spearheading future projects.
Put maintenance on the executive agenda: To reach the next level of maturity and performance, maintenance should gain executive-level focus, so that it gets the authority and accountability needed to effect real change.
Achieve total mobilization: All business units should be involved and accountable when it comes to maintenance transformation.
Focus on short-term results and long-term benefits: Maintenance transformation does not occur overnight. Businesses must understand that it evolves through the development of maintenance strategies, followed by several supporting actions throughout the organization.
Accenture also recommends learning from the leaders.
Over the past few years, energy companies have invested in new technology and processes that integrate asset management and production processes, analyze asset performance data, and transmit the relevant information to users consistently and in real time. This approach has brought energy companies numerous benefits and prepared them for the future.
Accenture recommends that agribusinesses follow the example of energy players to achieve high performance in the form of lower costs and better results.