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asset management

Planning Paramount for Imminent Asset Management Industry Standards

The Global Forum on Maintenance and Asset Management (GFMAM) recently came together on the Gold Coast Australia to progress the global projects being developed by the GFMAM and to discuss the international standard for Asset Management.

ArcelorMittal Tubular Products Increases Asset Availability

Sponsor Case Study: ArcelorMittal Tubular Products Increases Asset Availability with Ivara EXP Enterprise Asset Performance Management Software

ArcelorMittal Tubular Products is one of the largest most diversified mechanical tube manufacturers in the world, with 21 plants operating in 11 countries with a capacity of more than 3 million MT annually. The company's product portfolio spans the entire range of steel tube products - seamless, DOM & ERW.

Panasonic Toughbook Addresses Market Void by Delivering Enterprise-Grade Android Tablet

Secaucus, NJ, - Panasonic Solutions Company, provider of collaboration, information-sharing and decision-support solutions for government and commercial enterprises, today announced its plans to deliver an enterprise-grade AndroidTM tablet to the market in the fourth quarter of this year. The new Toughbook® tablet will address a current gap by delivering a product designed with security, functionality and real-world reliability in mind. By delivering this purpose-built business solution, the new Toughbook tablet will appeal to a wide variety of users, including mission critical government personnel, highly mobile field forces, SMB’s looking for a competitive edge, security conscious IT managers and bottom-line focused CFOs.

What is Risk Management?

By: R. Keith Mobley

Risk management is simply the identification, assessment, and prioritization of risks, followed by a coordinated and economical application of resources to minimize or control the probability of occurrence and the impact of negative events, as well as to maximize the realization of opportunities. What is considered a risk? Risks can come from uncertainty in financial markets, project failures, legal actions, regulatory liabilities, accidents, and natural disasters, as well as simple human error.

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Will ISO 55000 solve SA’s service delivery issues?

Johannesburg, South Africa - “The current state of our physical infrastructure assets has a direct effect on service delivery to the nation,” says Alan Tait, Managing Director of Pragma Africa.

It therefore remains to be said that one of the root causes of South Africa’s current service delivery issues is the state of its assets. We have all experienced potholes, power outages and water contamination, all of which are affected by the maintenance strategies and standards employed by our metros and municipalities. There are many other factors that affect service delivery; however, the focus of this article will be to look at the effect of proper asset management practices.

Production Loss Accounting

Production Loss Accounting

An hour long presentation by Shannon Brown - Product Manager, Meridium

Measuring production capacity in a standardized way allows plant owners and operators to decrease production losses, eliminate unclassified losses, take action to improve production, and compare production data across the enterprise.

Operator Maintenance or Autonomous Maintenance

When Productivity, Inc. came across the work of the Japan Institute of Plant Maintenance (JIPM), developers of total productive maintenance (TPM), as part of our research into Japanese manufacturing practices in the 1980's, we encountered the same problem as with other systems: how do we teach this to people in the West?

By Malcolm Jones

Mobile Video Collaboration System Securely Connects Field Staff and Experts

Winnipeg, MB - Time is money.  And it’s never been truer for companies with operations spread across the globe.  Equipment downtime, lost production, delays in product reviews and high travel costs to troubleshoot problems can kill the bottom line.  If the best engineer is located in New York and the assembly line is in the Far East or the oil rig is off the coast of Mexico, costs mount quickly when decisions are delayed.  Typically, the expert (or a whole team of experts) would board a plane to go and try to solve the problem, causing further delays and incurring expensive travel costs.  With mobile collaboration, no one leaves their desk, let alone the country.

Early adopters prepare for the coming ISO Standard on Asset Management

Fort Myers FL - PAS55-2011, the only North American Conference that specifically covers the current PAS55 Asset Management Specification and prepares attendees for the coming ISO Asset Management Specification, is scheduled for July 11-14, 2011 at the Reliability Performance Institute in Fort Myers Florida.

EMCOR Group, Inc. Announces Agreement to Acquire USM Services Holdings, Inc.

NORWALK, Conn.-EMCOR Group, Inc. (NYSE: EME) today announced that it has entered into a definitive agreement to acquire USM Services Holdings, Inc. (“USM”), a leading provider of facilities maintenance solutions in North America, from Transfield Services Limited (ASE: TSE) in an all-cash transaction for $255 million, representing $225 million for the base USM business plus $30 million for the net present value of a USM tax benefit. Transfield Services Limited is an Australian-based global provider of operations, asset management and project management services. The transaction is expected to close towards the end of June, subject to customary closing conditions. EMCOR will utilize available cash to finance the acquisition.

Warshaw Group and DDC Partner for City Inspections

New York City, NY-Warshaw Group announced today that Mobile Validity, their Mobile Enterprise Application System, will continue to be utilized by the New York City Department of Design and Construction (DDC) as the Department expands the scope of its inspection project.  The DDC is currently in the process of conducting building condition assessments on city-owned properties using Warshaw Group technology. 

Meridium Launches Asset Answers

ROANOKE, Va. -  Meridium Inc., the global leader in asset performance management (APM) software and consulting solutions, today launched Asset Answers, the only simple, automated benchmarking tool for quick asset-performance comparisons with companies around the world.

Carrying costs for the Storeroom Inventory

Carrying costs for the Storeroom Inventory

An hour long Webinar Tutorial On Demand Led by Daniel DeWald, CPIM, CPMM SME Materials Management Professional Consultant, GPAllied

This slide presentation explains carrying cost and what it means to the inventory in the storeroom.

PAS-55: Change Management

PAS-55: Change Management

An hour long recorded webinar by James Nesbitt, Principal - Service Delivery, The Asset Performance Group Inc.

The British Standards Institute's Publicly Available Specification 55 (PAS-55) provides organizations with a framework for establishing good practices in asset management. In the eighth installment of our popular PAS-55 themed webinar series, APG will help attendees identify key stakeholders in the implementation of PAS-55 and provide an overview of some practical techniques, tips and pitfalls related to managing the organizational change associated with a PAS-55 implementation.

General Physics Integrates Advanced Pattern Recognition Technology

Elkridge, MD. - Global performance improvement solutions provider General Physics Corporation (GP), the operating subsidiary of GP Strategies Corporation (NYSE: GPX), announced today that it has added Advanced Pattern Recognition (APR) technology to its industry-leading EtaPROTM Plant Performance and Equipment Condition Monitoring System. EtaPRO APRTM is fully integrated with GP’s time-proven EtaPRO System, providing the power generation industry with a single platform for thermal performance analysis and asset condition monitoring.

RTA gets certification for assets management

DUBAI - The Public Transport Agency, Roads and Transport Authority (RTA) became the first Middle Eastern entity to obtain the internationally acclaimed Assets Management Certification of Conformity to the Publicly Available Specification (PAS) 55 assessment awarded by the British SGS Group.

Emerson opens new engineering and development center in China

Facility expands capabilities of Emerson¹s world-class Asia Flow Technology Center in developing process automation solutions for Asian customers.

APT Releases the Asset Strategy Library (ASL) Version 9.0

Asset Performance Technologies, Inc. (APT) announced today that it has released the Asset Strategy Library (ASL) version 9.0 to its customers and partners.  According to Mark Benak, CFO for APT, “We are very excited to continue to increase the size and value of the ASL for our customers and partners while maintaining the highest quality in the asset strategies. More importantly, our growing partnerships should allow us to expand the ASL offering more rapidly in the future.”

Constellation Energy Deploys New Predictive Diagnostic Technology

Uses GE’s innovative Proficy® SmartSignal solutions to monitor mission-critical assets and balance-of-plant equipment

Lloyd’s Register awards air-traffic control industry’s first asset management certification to

Award of PAS 55 certification illustrates the growing diversity of the organisation’s technical expertise.