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Asset
Performance Management By Peter G. Martin PhD, Invensys Process Systems Originally presented at IMC-2006 The 21st International Maintenance Conference on the web at http://www.maintenanceconference.com Background Process manufacturing operations are extremely complex systems. In recent years there has been a tendency to over-simplify very critical functions within process manufacturing. One example of this over simplification has been in the area of Asset Management. To business managers responsible for process manufacturing operations, asset management implies the effective utilization of all assets within their operational domain to meet business objectives. Most asset management software applications, though, are only focused on the maintenance and/or availability of equipment and instrument assets in a plant. Although maintenance is clearly one key element of a plant asset management solution set, maintenance improvements, by themselves will not maximize the performance of a manufacturing asset base. Trying to optimize plant operations with this limited asset management focus can actually result in a degradation of performance. Optimizing plant assets to meet business objectives requires a holistic approach to asset management going well beyond the traditional focus of Asset Management applications. More... Read the rest of the story (151K PDF) |
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