YEM Technology's point of difference is the introduction of a new maintenance service, a Pay-by-Tonnage Service Model.
Many sites in Australia are running a maintenance model where service providers get paid per hours they spend on the job site. Under such an arrangement,contractors/ service providers are not driven to complete works earlier than scheduled; and little attention is given to the outcome, quality and progress of the works. This in turn slows down production.
Pay-by-Tonnage service is a pay-by-performance model. Service providers get paid as per the outcomes (downtime, availability, reliability of maintained equipment). This service model forces the service providers to look at exactly what the client requires to increase efficiency and reduce cost. I t pushes service providers to focus on "Equipment inspection, routine maintenance and preventive maintenance" to achieve the best equipment availability rate, as this is the only way for the service providers to minimise their risks and maximise their profits.
Pay-by-Tonnage service model provides the client a better option to manage service contractors. It has a proven track record for significantly improving plant operational rates and enhance production output. Jiangyin Yiyuan, YEM Technology's parent company has successfully provided services under such an arrangement to key clients like Citic Special Steel and Suzhou Steel Group throughout the years.