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asset management

Asset Management

2011 Asset Management Awards: providing evaluation and recognition of asset management capabilities

Asset Owners, Service Providers and organisations responsible for physical assets and their revenue, reliability and safety outcomes are encouraged to apply to the Asset Management Council’s 2011 Asset Management Awards.

Asset Management

Balancing Without Phase

Dennis Shreve, CMRP

Sometimes it may be required to balance a rotating machine or part under conditions where a conventional phase measurement is either impossible or unavailable. In this situation, a four-run method can be used to arrive at an amount and position for a corrective weight.

Asset Management

Why Your Preventive Maintenance Program Isn’t Working

Ricky Smith, CMRP

Does it annoy you that in spite of regularly performing Preventive Maintenance (PM) on your equipment it continues to breakdown? Some may call this insanity-continuing to do the same thing over and over, expecting a different result. If you sat down and graphed out your company's PM labor hours versus emergency labor hours what would you find?

Asset Management

7 Years of Sustained Reliability Culture Change at Alcoa Warrick Smelter

Mark Keneipp, Alcoa,
and Randy Heisler, Life Cycle Engineering

Background

It is not often that one runs across an organization that is able to undertake a significant business transformation, implement the changes successfully, and then sustain the gains for seven years with no end in sight. Here is the compelling story of one organization that has succeeded-Alcoa Warrick Smelter.
The story began in 1997 when Alcoa decided to implement the Toyota Production System globally across all 250 locations. Significant progress was made, but the Alcoa Primary Metals division leaders were not seeing the results that they expected. A business unit level internal analysis showed that their assets and reliability processes were lacking stability and this was holding lean manufacturing gains hostage. Stability is a foundational element to the Toyota Production System. If one is familiar with the Toyota House, or any other house for that matter, having a solid foundation is the key to long-term sustainability. (See Figure 1)
In 2002 Vince Adorno, Vice President of Engineering for Alcoa Primary Metals, decided to form a corporate-led team to develop a business case and reliability implementation strategy. External consultants were included in this process to ensure that best practices and reasonable estimates of potential savings were incorporated into their strategy. They also looked at their own pockets of excellence and best practices that were in place in the plants.

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Solutions 2.0 Keynote: Driving Real-Time Profitability Through Asset Performance Excellence - Part 1
Asset Management

Solutions 2.0 Keynote: Driving Real-Time Profitability Through Asset Performance Excellence - Part 1

An hour long presentation by Dr. Peter G. Martin, PhD, Vice President and Fellow, Invensys Operations Management, at Solutions 2.0, 2010

The primary objective for Industrial companies is to create value for their owners. Yet many professionals in industrial operations, including operations and maintenance professionals, perform their functions in alignment with key performance indicators that may be totally independent from the primary objective - driving profitability. This presentation will overview profit-based asset performance management and present an approach that will enable industrial companies to begin the journey toward optimal profitability.

Download the slides (in PDF format) for this presentation

To learn more about Solutions 2.0 and othe future conferences, please visit www.maintenanceconference.com

Part Two

Asset Management

Definition: PAS55

The British Standards Institution's Publically Available Specification for the optimized management of physical assets.

Tip excerpted from: The Professional's Guide To Maintenance And Reliability

Methods to reduce storeroom inventory
Asset Management

Methods to reduce storeroom inventory

A 10-minute long iPresentation Led by Daniel DeWald, CPIM, CPMM SME Materials Management Professional Consultant, GP Allied

Discussion centers around informing the maintenance manager on the techniques to use to address reducing his storeroom inventory. The first thing is to have an inventory that is asset based, where all transactions can be tracked and counted. After this is done, there are 12 methods discussed on how inventory can be reduced on an ongoing basis. From this discussion, the maintenance manager will be better prepared to focus on inventory reduction programs with confidence and direction.

 

Asset Management

ESFI Honors H. Landis “Lanny” Floyd II with 2010 Outstanding Service Award

Arlington, VA- The Electrical Safety Foundation International (ESFI) has named H. Landis “Lanny” Floyd II as the 2010 recipient of the Foundation’s annual Outstanding Service Award in Honor of Harold Leviton.

Asset Management

GPAllied Announces Strategic Hire: Shon Isenhour

Charleston, SC.  - Global reliability and operations solutions provider, GPAllied, announced today that it welcomes Shon Isenhour, CMRP to their organization.

Asset Management

Secondary Pumping Station upgrade project saves money, reduces lost test time

ARNOLD AIR FORCE BASE, Tenn. - Water has been called AEDC’s “life’s blood” - it is essential to channel billions of gallons a year to all of the test cells at Arnold AFB where turbine engines, rocket motors and other systems generate tremendous heat during testing.

Asset Management

15th ANNUAL ARC ORLANDO WORLD INDUSTRY FORUM TO ADDRESS KEY PRESSURE POINTS FOR INDUSTRY

DEDHAM, MASSACHUSETTS, USA - Now that the fear of a complete meltdown of the global economic has largely passed, executives across the manufacturing and other industrial sectors have re-focused their attention on improving the economic, safety, and environmental performance of their businesses.  ARC Advisory Group’s 15th Annual World Industry Forum (www.arcweb.com/res/forumorl ), February 7-10, 2011, at the Renaissance SeaWorld Marriott in Orlando, Florida, will include numerous workshops, end user presentations, and other sessions intended to provide these executives with ideas, information, and strategies to help address today’s unique business and technology challenges.

Asset Management

Three Top Asset Management Pros Join CH2M HILL Team

DENVER, Colo, - CH2M HILL welcomes three of the water and wastewater industry’s top asset management professionals with the recent additions of Marius Basson, Priscilla Bloomfield and John Fortin to the staff.

IFS Acquires 360 Scheduling
Asset Management

IFS Acquires 360 Scheduling

ITASCA, Ill.—(BUSINESS WIRE)—IFS, the global enterprise applications company, today announced that it     has signed an agreement with the owners of 360 Scheduling Ltd. to     purchase 100% of the shares of the company. The purchase price will be     paid in cash. The acquisition will further strengthen IFS’ market     position in the targeted service & asset management sector, especially     mobile workforce management.

Integrated Approach to Managing the Risk and Consequences in the Food Industry
Asset Management

Integrated Approach to Managing the Risk and Consequences in the Food Industry

An hour long Webinar Tutorial on Demand led by Kevin Lewton, Vice President, Met Demand Inc.,

Production Functionality, Safety and Environmental Risks, Customer Service and Costs are all associated with managing and operating assets to produce products and materials.

By employing an integrated approach to managing the interface between employees and assets, these risks can be properly managed by minimizing variation and building good business processes. This integrated approach recognizes Reliable Capacity® Asset Management strategies are built from good processes and their execution.

Participate to learn:

1) Business Processes (barriers) to manage consequence of failure

2) How to improve the ability to manage consequence of failure.

3) Proactive approach to eliminating all defects

The PAS-55 Assessment Process
Asset Management

The PAS-55 Assessment Process

An 60-minute 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 fifth installment of our popular PAS-55 themed webinar series, APG will guide attendees through the PAS-55 assessment process. This webinar will include a detailed analysis of the PAS-55 Assessment Methodology and provide a practical understanding of the scope of a PAS-55 assessment. It will also help participants to understand when and how often they should undertake a PAS-55 assessment considering different organizational objectives.

Participate to learn:

1) The PAS-55 specification has a PAM (PAS-55 Assessment Methodology)

2) Understanding the Endorsed Assessor program

3) Practical guidance for undertaking a PAS-55 assessment

Asset Management

ISA Announces Location and Dates for ISA Automation Week 2011

Research Triangle Park, North Carolina, USA -The International Society of Automation (ISA), announced today that ISA Automation Week 2011: Technology and Solutions Event will be held at the Arthur R. Outlaw Mobile Convention Center in Mobile, Alabama, USA, on 17-20 October, 2011.

Asset Management

A/E Firms Report Strong Financials - Despite Tough Economy

Natick, MA- Despite the economic challenges facing the A/E industry in recent years, many firms continue to experience solid financial performance, according a report recently released by ZweigWhite.

Asset Management

EMERSON DELIVERS EASY ASSET PERFORMANCE MANAGEMENT FOR IMPROVED BUSINESS RESULTS

Enhanced AMS Suite tackles the complexities of plant management.

Asset Management

NRX Reinforces its Leadership Position

NRX Reinforces its Leadership Position in the Asset Lifecycle Information Management and Asset Data Governance Industry with the Release of Asset HubTM6.0

Asset Management

Is outsourcing the answer to improving municipal service delivery?

Asset management giant Pragma sees independence as important for success

The majority of metros and municipalities in South Africa don’t know how to translate the ‘what’ into the ‘how’ with regards to co-ordination and management of their asset care function and should consider outsourcing as either an interim or long term solution to the situation. This is according to Dean Griffin, head of consulting and partner at the leading asset management firm, Pragma. Recently, the Ekurhuleni Metropolitan Municipality reappointed Pragma Africa to operate their Asset Care Centre within their Electricity directorate until June 2013. For the last five years 14 Pragma staff members have been placed at the metro looking after the high and medium voltage distribution assets, totaling approximately 62 000 maintenance significant items, with a total replacement value of R24 billion.

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