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asset management

Asset Management

Smartphones & QR Codes Are Changing Physical Asset Management

Forrest Pardue and Chris Tyler

Smart devices and QR code technology offer an opportunity to simplify asset management by putting usable information into the hands of more plant employees needing the information. 

Optimize Reliability Through the Implementation of an Automated and Integrated Asset Optimizer Platform
Asset Management

Optimize Reliability Through the Implementation of an Automated and Integrated Asset Optimizer Platform

An hour long presentation by Ben Venter, Regional Service Director, Canada & Local Business Manager Full Service Canada Ravi Mahajan, Automation & Technical Support Specialist - Western Canada, ABB Inc.

This presentation discusses how a single integrated system can increase equipment performance, improve plant uptime, optimize reliability and lower life cycle costs. An Electronic Asset Optimization platform is a new system integration architecture and power strategy that addresses the needs of the process and power generation industries to continuously monitor equipment and instrumentation performance related to their operating conditions.

The architecture is based on Industrial Ethernet standards such as IEC 61850, Profinet as well as Fieldbus technologies and covers mechanical, electrical, instrumentation and control system equipment. The platform provides complete visibility into the equipment condition through multiple interfaces that could include web based access. Think of the platform as an automatic and continuous monitoring tool of all the data you have available on equipment and devices within your facility. The platform will provide continuous warnings on equipment condition based on asset monitors developed for the equipment, therefore enabling the user to address concerns before they create operational impact.

Asset Management

Shell International Exploration and Production B.V. Selects Ivara EXP

BURLINGTON, ON - Ivara Corporation, an industry leader and innovator in asset performance management solutions, today announced that Shell International Exploration and Production B.V. has selected Ivara EXP Enterprise, with integrated Risk Based Inspections (RBI) and Integrity Inspection Management functionality, as the software platform for Shell’s new Corrosion Inspection Management System.

Asset Management

(IACET) Has Awarded Reaccreditation Status to Management Resources Group, Inc.

SANDY HOOK, CT. - The International Association for Continuing Education and Training (IACET) has awarded reaccreditation status to Management Resources Group, Inc. (MRG). IACET Authorized Providers are the only organizations approved to offer IACET Continuing Education Units (CEUs). The accreditation period extends for five years, and includes all programs offered or created during that time.

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Asset Management

Ivara Corporation and Management Resources Group, Inc.  Announce Release of MRG’s MTA Template

Burlington, Ontario (PRWEB) - Ivara Corporation and Management Resources Group, Inc. (MRG), industry leaders and innovators in asset performance management solutions and implementations, respectively, today announced the availability of MTA Templates in EXP Cloud for Ivara EXP Enterprise 6.1. MRG’s MTA Templates are the first engineering content offering available in Ivara’s cloud computing based library and online collaboration community and are a key way for MRG to share reliability program content with EXP customers, resulting in shortened implementations and accelerated benefits.

Asset Management

Ivara Corporation Announces Partnership with Asset Performance Technologies (APT)

Ivara Cloud Content Community Grows with addition of APT Asset Strategy Library.

BURLINGTON, ON - Ivara Corporation, the industry leader and innovator in asset performance management solutions, today announced a partnership with Asset Performance Technologies, Inc. (APT) to allow Ivara to offer its customers the APT Asset Strategy Library (ASL) through Ivara’s cloud content community, EXP Cloud. Ivara customers can now purchase APT’s library and immediately have it available for use in Ivara EXP Enterprise via EXP Cloud. Because APT is directly connected to EXP Cloud, they can update their library content and provide instant updates to their licensed customers using EXP Enterprise.

Asset Management

SKF Strengthens Support for Customers and Distributors in the Industrial Market

Goteborg, Sweden, (Business Wire)—SKF announced that they have formed two new business areas to be better able to serve the needs of customers within the Industrial Market. The two new areas are the Industrial Market, Strategic Industries and the Industrial Market, Regional Sales and Service and they replace the former Industrial Division and Service Division.

Asset Management

Reliable Manufacturing Announces the Next Operations Excellence Master Class

Reliable Manufacturing is holding its next Operations Excellence Master Class on 8 February 2012, at Gisborough Hall, North East England. The one-day event is designed to equip leaders in manufacturing and distribution industries with the operations excellence and reliability principles to improve business performance.

Asset Management

First Utility Organization to Receive International PAS 55 Recognition

TRANSCO is pleased to announce its successful accreditation to the British Standard PAS 55 Publicly Available Specification for Asset Management. TRANSCO is the first multi-utility organization in the Middle East to have achieved this prestigious award to the standard endorsed by the Institute of Asset Management (IAM).

Asset Management

Hatch SAMS Team is now an Endorsed PAS55 Asset Management Assessor

Hatch has been successful in its application for PAS55 Endorsed Assessor status. This means that Hatch is now accredited by the Institute of Asset Management (UK) to perform PAS55 compliance certification or gap analysis for organizations seeking to improve their asset management systems.

Asset Management

SKF Establishes University Technology Center with Lulea University of Technology in Lulea Sweden

GOTEBORG, Sweden,(BUSINESS WIRE)—SKF (sto:SKFA) (sto:SKFB) SKFRY +0.10% today announced it has signed a five-year contract with Lulea University of Technology (LTU) to establish an SKF University Technology Center focused on developing advanced concepts in condition monitoring and asset management.

Asset Management

AESSEAL Named Overall Winner at the IMechE Manufacturing Excellence Awards

Rotherham based AESSEAL continue to defy the notion that British manufacturing is dead, stealing the show at the Institution of Mechanical Engineers’ annual Manufacturing Excellence awards by being named the overall winner and also receiving the Customer Focus award.

Asset Management

Philadelphia Mixing Solutions, Ltd. Shares Solutions at IMC-2011 in Booth 110

Palmyra, Pennsylvania, December 1, 2011 - Philadelphia Mixing Solutions, Ltd. (PMSL), the world leader in process mixing and innovation, will exhibit at the International Maintenance Conference (formerly Solutions 2.0) December 5-8, 2011 at the Hyatt Regency Coconut Point, Bonita Springs, Florida.

Asset Management

The Business of Asset Management - Part Two

In the last issue of Uptime Magazine, we discussed the importance of managing assets from the initial investment planning to the design phase of an asset's life. The focus of the last article was to show how to maximize the return on investment a company receives for the life of the asset, thereby increasing shareholder value. This article focuses on moving the discussion from the drawing board to the shop floor.

Sustaining a Risk Based Inspection Program
Asset Management

Sustaining a Risk Based Inspection Program

An hour long presentation by Leon Johnson, Learning Manager, Meridium

Many owner/users in process facilities have implemented risk based inspection (RBI) or utilized RBI to optimize their inspections. The challenge is sustaining these programs so they remain valid and effective over time. Let's identify some of the common challenges for sustaining a risk based mechanical integrity program and ways to overcome them.

For the plant with productivity problems, why minimizing failures changes the game
Asset Management

For the plant with productivity problems, why minimizing failures changes the game

An hour long presentation by Steve Murray, Director, Reliability Systems, North America, ABB Inc.

Manufacturers today face low-cost products from countries producing high quality products. In addition, they face global competition within their own companies as corporate planners weigh financial benefits of new plants in developed economies, or new plants in growing economies. This global competition drives organizations to fully identify their core competencies, as they can only afford to do a few things well, while squeezing as much from their existing assets as possible.

Asset Management

Allied Reliability Group and Sinclair Group Announce Strategic Partnership

Sinclair Group and Allied Reliability Group, two leading service providers in plant Operations and Maintenance, have created a Strategic Partnership to Provide Clients with Holistic and Integrated Solutions to Improve Manufacturing Operations Performance.

Asset Management

Increase Accuracy, Safety and Efficiency by Extending Equipment Life With Crane Reliability Survey

SPRINGFIELD, Ohio, (GlobeNewswire via COMTEX)—The Crane Reliability Survey from Konecranes is an engineering assessment designed to generate reliable information about the current condition and the future maintenance and modernization needs of a crane.

Asset Management

APT Announces Release of PRO-M V9.1

The latest version of APT’s PRO-M software adds many time-saving features requested by users and can now address continuous monitoring in plant Preventive Maintenance (PM) programs.

The Journey to Equipment Health Monitoring Value Realization
Asset Management

The Journey to Equipment Health Monitoring Value Realization

An hour long presentation by David Anderson, Domain Expert - Oil & Gas, Optimized Systems and Solutions

Operators of critical high value rotating equipment are well versed in collecting data. What they do with their data determines the value that they are able to derive from it. Through the use of an effective Equipment Health Monitoring solution, raw data from various sources is transformed into actionable decision support.

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