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asset management

Asset Management

SKF leading global supplier within asset reliability software and services according to ARC

SKF today announced that within the recently released “Asset Reliability Software & Services Worldwide Outlook*,” ARC Advisory Group named SKF the leading global supplier for this growing market for the base year 2010.

Asset Management

Efficient Asset Management Systems

Efficient asset management systems begin with Camcode Bar Code Asset Tags. From work order tracking to computerized maintenance management systems, companies rely on Camcode’s highly durable anodized aluminum asset tags.

Part 2 of a 2-Part Series on PAS-55 4.4.7 Risk Management
Asset Management

Part 2 of a 2-Part Series on PAS-55 4.4.7 Risk Management

A 45 minute long presentation by Stace Smith, The Asset Performance Group (APG)

In the PAS-55 framework for optimal asset management, Clause 4.4.7.1 specifies that an organization shall have processes in place for the ongoing identification and assessment of asset-related and asset management related risks, as well as the identification and implementation of control measures over the lifecycle of same assets. There are several good options for evaluating risks and financial impacts to asset performance, such as HAZOP, RCM, RiskAoA, and so on - PAS-55 specifies only that we meet its requirements to be compliant.

For the Executive with Plant Productivity Problems. Why Outsourcing Maintenance Changes the Game
Asset Management

For the Executive with Plant Productivity Problems. Why Outsourcing Maintenance Changes the Game

An hour long presentation by Magnus Pousette, Group Vice President, Business Unit Full Service, ABB Inc.

By outsourcing maintenance to ABB, over a hundred customers have changed the game in their plant. They have enjoyed and continue to enjoy a rapid change in plant culture, significantly improved plant output and a reduction of both energy and total maintenance costs. During this webinar we will demonstrate how ABB contractually commits to delivering $$$'s on your bottom-line - showing you how confident we are in our ability to drive change through an emphasis on asset reliability.

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Asset Management

Ventyx Signs ER Software License

Ventyx Signs ER Software License with Electrabel to Facilitate Equipment Reliability in Belgian Nuclear Power Plants

Web-Based Solution Automates Asset Health Monitoring and Reporting

Asset Management

ICE awards 3-year contract to an international consortium

ICE, the major electrical utility company of Costa Rica, awards 3-year contract to an international consortium, between asset management consultancy TWPL and condition monitoring experts, SOIMSA

ISO 55000 standard for asset management
Asset Management

The Business of Asset Management

This is the first of a two-part article focusing on the current attempt to produce an updated ISO standard for asset management. This article will focus on the business reasons for asset management and the first two phases of an asset lifecycle.

Asset Management

ISO publishes Six Sigma performance-improvement methodology

Six Sigma (1) a data-driven method for improving business and quality performance, has been published as a two-part ISO standard.

Avoiding Data Overload in Managing Asset Health
Asset Management

Avoiding Data Overload in Managing Asset Health

A 40 minute long presentation by Kathy Steel, Ivara Corporation

How much time do you spend collecting equipment condition data, maintaining spreadsheets and developing reports? Still, it often ends up being a little too late to prevent equipment failure. Learn how Ivara EXP Asset Performance Management software provides better visibility to overall asset health. EXP processes condition data from all sources to provide a holistic view of the health of your assets so you can anticipate the onset of failures and make timely and informed proactive maintenance decisions to mitigate risk and the consequences of failure.

Part 1 of a 2-Part Series on PAS-55 4.4.7 Risk Management
Asset Management

Part 1 of a 2-Part Series on PAS-55 4.4.7 Risk Management

An hour long presentation by Mike Schultz, The Asset Performance Group (APG) 

In the PAS-55 framework for optimal asset management, Clause 4.4.7.1 specifies that an organization shall have processes in place for the ongoing identification and assessment of asset-related and asset management related risks, as well as the identification and implementation of control measures over the lifecycle of same assets. There are several good options for evaluating risks and financial impacts to asset performance, such as HAZOP, RCM, RiskAoA, and so on – PAS-55 specifies only that we meet its requirements to be compliant.

Asset Management

integrated Asset Performance Management and Asset Investment Planning Solution

July 21, 2011—Ivara Corporation and CopperLeaf Technologies Inc. today announced a partnership to deliver an exclusive solution for the Electric Power industry. Ivara and CopperLeaf are recognized leaders in Asset Performance Management (APM) and Asset Investment Planning and Management (AIPM) software and methodologies respectively.

Asset Management

APICS Releases Third Edition of Essential APICS Operations Management Body of Knowledge Framework

Chicago, Ill.-APICS The Association for Operations Management, the global leader in supply chain and operations management education, certification, and affiliation, today released the third edition of the trusted and influential APICS Operations Management Body of Knowledge (OMBOK) Framework, which defines the scope of the field of operations and supply chain management and provides a dynamic resource for understanding the APICS body of knowledge.

Asset Management

Q&A - Rhys Davies, Chairman of the ISO PC251

Uptime Magazine Publisher and Editor Terrence O'Hanlon recently caught up with Rhys Davies, Chairman of the ISO PC251 activity that is working on an International Standard for Asset Management based on PAS55, for an update on that activity.

Asset Management

The Connection Between Equipment Risk and Equipment Reliability and Its Affect

You can create outstanding equipment reliability, deliver high production uptime, and guarantee lower operational costs by removing the risk of failure from your machines and equipment. The more risks production plants and equipment are exposed to, the more certain it is you will get low plant reliability and high maintenance costs.

Building Value with Asset Performance Management Work Processes
Asset Management

Building Value with Asset Performance Management Work Processes

An hour long presentation by Chris DeFalco, Director of Product Management, Meridium

Gaining a competitive edge with Asset Performance Management (APM) requires the effective application of process, people and technology. This approach needs to be supported by well-designed processes that identify how to perform work, committed people who know how to apply them, and powerful, enabling technology to simplify the task.

Asset Management

5 Critical Success Factors for Effective BOMs

Presentedy by: Doug Wallace

If your company was manufacturing automobiles, appliances, iPads, or even cardboard boxes, you certainly wouldn't think about scheduling production without a complete and accurate Bill of Materials (BOM) for each finished product so you could determine your raw material requirements from a master schedule. So why is it that many process industries not only begin operation without equipment BOMs, but go for years, sometimes decades, without them?

When we ask people to assess the quality of their equipment BOMs, the comments we get most often are either, "they don't exist," or, "we have some of the data, but we don't know if it's accurate." When we ask why that's the case, the response is usually, "we don't have the information," or more likely, "we don't have the resources to do all that work."

Asset Management

EDF Energy selects Emerson’s AMS Suite to support maintenance strategies at UK power plant

AUSTIN, TEXAS - EDF Energy has selected Emerson Process Management’s AMS Suite predictive maintenance software to help optimize maintenance practices at its new Combined Cycle Gas Turbine (CCGT) power station at West Burton in the United Kingdom. AMS Suite will help the plant’s managers quickly access integrated asset health information from multiple data sources, view real-time analyses and reports, and develop management strategies to improve plant performance.

Asset Management

Framework for Asset Management Body of Knowledge

The Asset Management Council has released a technical publication titled ‘Framework for Asset Management Body of Knowledge’ to provide a common asset management language for better communication within organisations and across industries.

The publication discusses key asset management elements including demand management, systems engineering, configuration management, acquisition, operations and maintenance, continuous improvement, business management, and culture and leadership.

Monitoring how your assets use energy: See what you’ve been missing
Asset Management

Monitoring how your assets use energy: See what you’ve been missing

A 45 minute presentation by TJ Perreault, Director of EAM, Infor

Companies with plants, facilities, and equipment are facing a daunting reality: The energy consumed by their key operating assets is eroding profit margins.

Asset Management

Lloyd’s Register issues asset management certification to London Underground

London Underground (LU) has been certified against BSI PAS 55, the international asset-management standard, following a rigorous independent assessment by Lloyd’s Register.

The certification is recognition that LU has met the requirements set out in the British Standards Institute’s PAS 55 specification, the recognised cross-industry framework of best-practice systems for asset management.

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