MaximoWorld: Where Maximo users unlock more of their Maximo investment.

Click here

Join the leaders shaping the future of reliability at IMC

Click here

Sign Up

Please use your business email address if applicable

MaximoWorld 2026
International Maintenance Conference 2026
The RELIABILITY Conference 2027
Training
Bookstore
Calendar
About Us

Community of Practice (RLCoP)

Ask Chatbot
CHAT NOW

asset management

Asset Management

Top 5 Questions You Should Ask About Your Assets…and How PAS 55 Can Help You Answer Them

by Gordon Melvin

 

Asset and maintenance managers are increasingly required to report on performance against Key Performance Indicators (KPIs) such as asset utilization, risk and return on assets (ROA). These metrics are critical to understanding the overall health of an asset-intensive organization, and rely on a current and accurate view of all underlying asset information.

Asset Management

Hornet Intelligent Endpoint Technology to Enable Real-Time Execution of Reliability Strategy

LAS VEGAS, Nevada, U.S.A. - MINExpo 2012 - Bentley Systems, Incorporated, the leading company dedicated to providing comprehensive software solutions for sustaining infrastructure, and 3D-P, a leader in mobile software and hardware, today announced a partnership to deliver a long-awaited solution for the mining industry. The solution uses real-time data from the mobile fleet to make maintenance decisions and increase uptime. The integrated solution is designed to improve reliability and performance while reducing risk and costs. Joint users will employ Bentley’s Ivara EXP to make fast and accurate maintenance decisions based on data acquired from 3D-P Hornet technology.

No Silver Bullet for Reliability Series: Part 3 of 4
Asset Management

No Silver Bullet for Reliability Series: Part 3 of 4

An hour long presentation by Leslie McHattie, Senior Reliability Practitioner, Ivara Corporation

Cultural change is an outcome of developing a sustainable proactive environment. Driving behaviors towards a reliability mindset takes diligence to process, training and competency development and above all else, proactive leadership. In Part 3 of this 4 part series on Launching, Managing and Sustaining Reliability Initiatives, we will learn from Leslie McHattie, Senior Reliability Practitioner at Ivara the key elements required to sustain a reliability culture.

Asset Management

Bentley’s Acquisition of Ivara Redefines Asset Performance Management

Uniquely Enables Owner-Operators to Improve the Performance,  Reliability, and Safety of Infrastructure Assets Through Information Mobility Between Engineering and Operations

banner
A weekly collection of recommended articles and videos to boost your reliability journey. Right in your inbox
DOWNLOAD NOW
Asset Health Management Reliabilityweb.com Survey Results
Asset Management

Asset Health Management Reliabilityweb.com Survey Results

An hour long presentation by Steve Thomas

Every doctor will tell you that one of the most important things you can have is your health. This statement equally applies to the health of the assets in your plant. The simple fact is that if the assets are healthy then production can without fail meet the demands of the marketplace. On the other hand poor asset health will provide an outcome far less desirable.

The Asset Health Management survey conducted by Reliabilityweb.com is a report based in input to twenty-seven (27) questions by three hundred and sixty-six (366) individuals. This webinar will present the key points of this survey and will provide you with significant insight into asset health management issues that need to be considered to increase and sustain the health of your plant assets.

Asset Management

Caterpillar Aurora Plant Links Diverse Manufacturing Assets With eLOG Software

Aurora, Illinois, - Real-time information from Freedom eLOG software on the performance of 77 diverse manufacturing systems at Caterpillar’s Integrated Manufacturing Operations Division (IMOD), Aurora Facility, is helping the operation increase OEE, reduce cost, improve processes, and shorten maintenance response times. eLOG software - developed, installed and supported by MAG - makes real-time factory asset performance transparent, enabling rapid implementation of operational and maintenance excellence, according to Tom Abens, Strategic Planning Supervisor for Lower Powertrain at IMOD Aurora. “There is no doubt it is helping us improve the efficiency and competitiveness of our plant,” he says. “We have improved the performance of virtually every asset, with average gains of 21 percent.”

Asset Management

SKF Solution Factory Opens in Cleveland, OH

CLEVELAND, OH, —SKF has announced the grand opening of the SKF Solution Factory in the Cleveland, OH area, a venue designed to equip customers with value-added solutions and industry knowledge. This new facility is the second to open in the United States, joining a growing network of 17 others worldwide.

Asset Management

Mining Haul Road Maintenance

David Hengen

Open-pit mining poses many challenges that need to be overcome to effectively maintain critical equipment fleets.

Asset Management

Converting Reliability Initiatives into Measurable Returns

Darrin J. Wikoff

Today's economic climate brings with it the challenge of accessing credit for capital investment. In The Ernst & Young Business Risk Report 2010, as shown in Figure 1, access to credit hit number two on the top 10 list of business risks across 14 sectors evaluated in the study. Internationally, asset management professionals are working collaboratively to define new standards that shift the focus away from capital replacement and instead bring visibility to asset performance.

 

Asset Management

The Society of Mfg Engineers Works with U.S. Army to Help Solve the Manufacturing Skills Gap

Over the next five years, there will be up to a million military personnel returning to civilian life and getting into the U.S. civilian workforce. Juxtapose this with the 600,000 jobs currently open in advanced manufacturing and the anticipated need for 10 million skilled workers by 2020, and the Society of Manufacturing Engineers (SME) sees a “win-win” opportunity for all.

No Silver Bullet for Reliability Series: Part 2 of 4
Asset Management

No Silver Bullet for Reliability Series: Part 2 of 4

An hour long presentation by Leslie McHattie, Senior Reliability Practitioner, Ivara Corporation

Why do some reliability implementations succeed and others fail? Leslie McHattie has seen it all --some programs are highly successful, most are "satisfactory" and some fail. Trying something new without a plan to manage and sustain the improvement is what we call a silver bullet approach and tends to be very short lived, eventually becoming the flavor of the month.

If the same tools result in variable outcomes, it is evident that the reason this happens does not reside in the tool itself, but rather in how it is managed and applied.

Asset Management

SAS Predictive Asset Maintenance Reduces Downtime, Revenue Losses

CARY, NC - For capital-intensive industries like high-tech manufacturing, oil and gas production, and fleet management, even a short downtime caused by asset failure means huge revenue losses. Predictive analytics from SAS helps companies that depend on assets like production equipment pinpoint the best times to conduct routine maintenance and avoid costly disruptions. Companies such as Saudi Aramco, POSCO and Ryder already recognize the business benefits of asset optimization with SAS, the leader in business analytics software and services.

Asset Management

Honeywell Expands Partnershi​p with SKF as Part of PKS Advantage Program

BRACKNELL, United Kingdom, - Honeywell (NYSE: HON) today announced that SKF, a global leader in vibration-based machinery protection and monitoring systems, has expanded its partnership with Honeywell as part of the Honeywell PKS Advantage Program. Additional SKF solutions now available as part of the relationship include SKF @ptitude Analyst condition monitoring suite and SKF Multilog On-line System DMx to support the Honeywell Asset Management solution.

Asset Management

Honeywell Refreshes Key Asset Mgt Offerings, Announces Collaboration to Boost Plants’ PdM Prog

Houston - Improving maintenance and reliability of plant operations is an important goal for plant operators. Honeywell (NYSE:HON) today released improved versions of its two key asset management offerings and announced an initiative to help plant operators to more effectively implement reliability-centered and predictive maintenance programs.

Asset Management

Appointment of Two New Board Directors

The Asset Management Council is pleased to announce the appointment of two new members to its Board of Directors, effective Thursday 7 June 2012 following the member ballot.

Asset Management

Stratum Consulting Partners Certifies Des Moines Metropolitan Wastewater on PAS 55 Asset Management

SUPERIOR, Colo., /PRNewswire/—Des Moines Metropolitan Wastewater Reclamation Authority (WRA) has recently achieved BSI Publicly Available Specification 55 (PAS 55). Securing this certification provides assurances to WRA’s customers, employees, regulators, and other stakeholders of their commitment to optimal and sustainable asset management operations. PAS 55 certification also places WRA at the forefront of their field and clearly demonstrates a systematic and cross-disciplinary approach to asset management.

Asset Management

Operational Readiness: Bridging the Gap Between Construction and Operations for New Capital Assets

Bob DiStefano with Co-Authors Will Goetz and Bruno Storino

Introduction
Despite the global economic slowdown, several factors are conspiring to spark a spate of new capital construction. These factors include: demand for various commodities (e.g., oil, gas and other natural resources); new discoveries along with new extraction and processing technologies for these commodities (e.g., oil deposits in deep water ocean and shale gas deposits in the U.S.); high commodity prices enabling more costly production technologies (e.g., oil sands); and the current cheap cost of capital.Deloitte, in a recent whitepaper about the mining industry in Africa, suggests that countries and companies in Africa and worldwide "continue a push toward significant industrialization and infrastructure renewal."1 As industrial organizations today tackle the challenges of deciding when to build new capacity, they tend to be driven by carefully formulated business cases. Compelling business cases often lead to sizeable capital expansion projects justified by the anticipated growth in revenue and profits that eventually will be garnered. Do these anticipated benefits materialize? Unfortunately, the reality is they typically fall short of expectations for many reasons and risks span the gamut of variables, including political, economic, market, financial, organizational and operational. Arguably, operational risks are, at the same time, one of the largest and one of the most controllable risks and, ironically, one of the most mismanaged.

Asset Management

Line Performance Optimization – A Problem-Solving Process

Charleston, SC - Life Cycle Engineering has introduced Line Performance Optimization (LPO), a problem-solving process that integrates best practices in asset management, lean and change management to solve chronic and persistent reliability issues. Learn more

No Silver Bullet for Reliability Series: Part 1 of 4
Asset Management

No Silver Bullet for Reliability Series: Part 1 of 4

An hour long presentation by Leslie McHattie, Senior Reliability Practitioner, Ivara Corporation

Taking a silver bullet approach to reliability improvement tends to become very short lived and eventually becomes the flavor of the month. Experience has shown that a strategic and comprehensive approach to physical asset management is the best way to improve equipment reliability. In this 4 part series, we will learn from Leslie McHattie, Senior Reliability Practitioner at Ivara, what it takes to launch, manage and sustain a successful reliability initiative and the top 10 lessons learned.

Asset Management

Unisource Worldwide Announces Major Expansion With New Facility in Edmonton, Alberta, Canada

NORCROSS, GA - Unisource Worldwide, Inc., one of the largest privately held companies in North America and a global provider of customer solutions - including engineered design capabilities, eBusiness technologies, logistics expertise, paper brokerage services, and environmentally-responsible options - announces the opening of a new 118,000 sq. ft. full-service facility in Edmonton, Alberta, Canada. The company also markets a full line of commercial printing and business imaging papers, wide-format equipment and media, packaging materials and systems, and facility supplies and equipment.

Ask Chatbot
CHAT NOW