Andy Hill from Oniqua, a solution provider at the marcus evans Energy CFO Summit 2012, on the importance of adopting a proactive maintenance strategy. Interview with: Andy Hill, Chief Executive Officer & Co-Founder, Oniqua

1. Standardizing
Preventive Maintenance
in the Energy Sector
inventory levels. Pursuing potential equipment. Without criticality codes,
reductions in inventory costs must be all items are treated the same, which
balanced with the potential risks of is extremely ineffective and inefficient.
doing or not doing so. To ensure this Maintenance and operations must
balance is properly struck, it is define criticality at the equipment
important that utilities have the proper level, then analyze work management
tools and processes in place. histories and bills of material and
apply it at the material level. It is
Why is it important for utilities critical that utilities properly align
to standardize preventive safety stock with business risk.
maintenance?
To keep costs low and service levels
Interview with: Andy Hill, Chief high, adopting a proactive
Executive Officer & Co-Founder,
Oniqua
maintenance strategy is extremely
important. Without a strong Utilities should
preventative maintenance approach in
place, energy utilities will continue to take a long-term,
“Without a strong preventive overspend across their entire MRO and
maintenance approach in place, supply chains, as they will inevitably holistic view to
energy utilities will continue to over- hold unnecessarily high levels of safety
spend across their entire MRO
(maintenance, repair and operations)
stock, and underperform in service
levels, which is the ultimate success
optimizing their
and supply chains,” says, Andy Hill,
Chief Executive Officer & Co-Founder,
metric for utilities. Part of any
maintenance and equipment
MRO equipment
Oniqua. performance strategy should include
preventative maintenance planning
and assets
From an asset performance and rigorous analysis in the areas of
management company attending the lifecycle costing, component failure,
upcoming marcus evans Energy equipment criticality, budgeting and Any final comments?
CFO Summit 2012, in San Antonio, bills of materials.
Texas, February 7-8, Hill discusses Utilities should take a long-term,
why utilities must first identify the How can utilities increase holistic view to optimizing their MRO
criticality of assets and equipment reliability and safety? equipment and assets. This means
before beginning safety and integrating their efforts across all in-
maintenance programs. They ca n do so with str ong bound supply chain and maintenance
preventative maintenance strategies in a c tiv ities , inc lud ing e q uip ment
How can utilities make an impact place, and a finely-tuned and highly performance, maintenance
on their bottom line and reduce efficient MRO supply chain to support effectiveness, inventory optimization,
inventory costs? those strategies. supplier performance, procurement
effectiveness and supply chain
Reducing inventory costs is a key way Utilities must also understand the cost effectiveness. Such a holistic approach
for Energy Chief Financial Officers of stock-outs. A big part of employing is clearly not an overnight endeavor,
(CFOs) to impact the bottom line. effective reliability, safety and but one that will require discipline and
Utilities, however, must maintain and maintenance programs begins with strong senior leadership within an
improve service levels while reducing identifying the criticality of assets and organization.

2. About the Energy CFO Summit 2012
The Finance Network - marcus
evans Summits group delivers This unique forum will take place at The Westin La Cantera Resort, San Antonio,
peer-to-peer information on Texas, February 7-8, 2012. Offering much more than any conference, exhibition or
strategic matters, professional trade show, this exclusive meeting will bring together esteemed industry thought
trends and breakthrough leaders and solution providers to a highly focused and interactive networking event.
innovations. The Summit includes presentations on fast-changing regulations, ensuring financial
stability and growth, and the battle against internal and external challenges.
www.energycfosummit.com
Contact
Please note that the Summit is a
Stacey Melvin, Journalist, marcus evans, Summits Division
closed business event and the
number of participants strictly Tel: + 357 22 849 400
limited. Email: press@marcusevanscy.com
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About Oniqua
Oniqua is the leading provider of analytics software for MRO (Maintenance, Repair and Operations). We help asset-intensive
companies optimize MRO efficiencies by eliminating waste, and deliver significant value and ROI within three to six months of
deployment. Our asset performance management offering combines our flagship Oniqua Analytics Solution (OAS) with master data
cleansing, cataloging and professional services to ensure maximum value delivery.
www.oniqua.com
About marcus evans Summits
marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss
strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to
individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings.
For more information, please visit: www.marcusevans.com
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To view the web version of this interview, please click here: www.energy-summits.com/AndyHill