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Articles: Asset Performance Management
As enterprises begin to embrace the Internet architecture and deploy their mission critical applications with new technologies, the Internet is fast becoming the preferred platform for delivering solutions for complex business processes.
by Michael Israel
Disclaimer: In our efforts to make readers aware of technology innovations, this Reliabilityweb.com article make extensive mention of a specfic product. This should not be taken to imply endorsement. The product names were used to support the informational delivery of an innovation for the maintenance and reliability community. - Editor
Most large, multi-plant companies have launched corporate “Maintenance Councils” in the past decade. While some have achieved a significant success, most are still floundering for direction and concrete results. What are the differences that make some successful and some status quo?
A key question in operating any plant is this: Are we doing the right amount of maintenance? Are we doing the right type of maintenance?
Asset management is a term that has been getting a lot of press recently. The term implies many things to many people, and there is no industry standard for application. Implied in the term, however, are some basic concepts:
We find a lot of uncertainty about optimizing plant organization among maintenance and plant leadership. This is manifest by frequent change in the organization design, typically swinging from centralized maintenance to decentralized maintenance, and back again.
Most large plants have $100’s of millions in investment. They were all built with an objective to provide earnings superior to risk-free government bonds.While there are many factors which influence profitability, maximizing output potential is often the single greatest opportunity, especially for low-margin, commodity-type businesses. A typical measure of success of asset deployment is Return on Assets (ROA).
Automating workflow activity through the deployment of handheld computers represents the best use of technology to increase productivity. The convergence of more powerful, lightweight palmtop PCs and intelligent software creates an opportunity for organizations to eliminate paperwork, arm technicians with more information at the point of performance, and capture work completion data for enhanced management functions.