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asset management

The Central Issue: How to Make Distributed Maintenance Work

During the 90's, many plants have decentralized maintenance to a greater or lesser extent. While these plants have seen many gains from being closer to the consumer of their maintenance services, they also see issues emerging. What are the criteria to choose central vs. decentralized maintenance? Which functions and activities are candidates? Finally, what does this consultant recommend?

Asset Management

Life Cycle Engineering Introduces Targeted Services to Help Manufacturers Improve Operations

Life Cycle Engineering’s Reliability Consulting Group, a solutions provider for consulting, services and education, is introducing targeted services focused on helping businesses rapidly improve operational performance. These targeted services, provided by experienced subject matter experts, combine specific equipment and process improvements with education, training and mentoring that will improve labor productivity and reduce unplanned downtime.

Asset Management

Applying the Guidelines of BSI PAS 55 to Facility Management

The emergent understanding of asset management across all industry sectors has triggered a subsequent need for a standardised approach. The Institute of Asset Management (IAM) in collaboration with the British Standards Institute (BSI) and other industry groups first developed PAS 55 - Part1: Specification for the optimized management of physical assets in 2004. This was developed in response to industry demand for a standard for asset management and was recently revised in 2008 following international collaboration from industry and asset management associate groups.

Asset Management

Honeywell Agrees To Acquire Matrikon Inc.

Honeywell (NYSE:HON) today announced it has signed an agreement valued at approximately $142 million USD (approximately $145 million CAD) to acquire Matrikon Inc. (TSX:MTK), a company specializing in software that helps industrial manufacturers operate their plants safely, reliably and efficiently. The acquisition will strengthen Honeywell’s position in the high-growth oil and gas and power value chains and increase its global footprint in key regions. The transaction is subject to approval by Matrikon’s shareowners.

Asset Management

Building a Business Case for PAS-55

A 45 Minute recorded webinar - play back on demand by James Nesbitt, Asset Performance Group

The British Standards Institute's Publicly Available Specification 55 (PAS-55) provides organizations with a framework for establishing good practices in asset management. As organizations consider whether to adopt this specification, they will need to justify the cost of implementation against the value created by it. APG's James Nesbitt will lead webinar participants through an examination of the business opportunities that may be available in their organizations for adopting PAS-55 and how they can be woven into a business case that supports this adoption.

Participate to discover:

* How PAS-55 covers Asset Management good practices

* There is business value in adopting PAS-55

* Not all opportunities are financial, yet they all are part of the business case for adopting PAS-55

Please complete the form below to access this recorded webinar

Asset Management

SmartSignal Announces Summit 2010: Avoid Surprises

Experts to Discuss Latest Innovations in Predictive Diagnostics

SmartSignal Corporation today announced Summit 2010, to be held at the Fairmont Hotel, Chicago, September 7-9, 2010. Featured speakers include Terrence O’Hanlon, publisher, Uptime Magazine and Reliabilityweb.com, and Robert Distefano, chairman of the board and chief executive officer, Management Resources Group (MRG). The Summit, expected to attract over 250 leaders in the Power Generation and Oil & Gas industries, will address the latest advances in Predictive Diagnostics for equipment health.

Asset Management

An Introduction to PAS 55 – Optimal Management of Physical Assets

Asset Management goes well beyond the separate disciplines of engineering and maintenance. It is a discipline that deals with the entire life cycle of our physical assets and until recently there was no widely accepted guideline or standard on what Asset Management was and was not. PAS 55 is a Publicly Available Specification (PAS) published by the British Standards Institution in 2004 now satisfies that demand. Since publication, PAS 55 has continuously increased in popularity both in the UK and around the world. It is now used as a framework outlining good management practices for many asset intensive industries around the world.

Asset Management

How to Achieve Enhanced Reliability in Refining Through Corrosion and Boundary Management?

Characterization and evaluation of corrosion damage in refineries is of critical importance due to the need for safety, reliability, throughput and operational integrity for plant facilities.

...Validate material performance, chemical/neutralizer injection, water wash, inspection frequencies and locations, monitoring locations, etcAchieve the benefits of enhanced asset integrity, i.e., reduced cost of maintenance, inspection, turn-around, failure-risk, improved reliability, safety and efficiency

Asset Management

Transmission and Distribution Companies Should Invest in Smart Maintenance Technology Solutions

In today’s context, electric grid networks and operators cannot operate passively by merely reacting to failures as they occur, but instead they must take a more proactive role in ensuring seamless flow of power. They need solutions to identify problems quickly and thereby prevent equipment failures and power outages. The huge investments pouring into the electric grid infrastructure provide an economical opportunity for power grid owner/operators to include Smart Maintenance Technology solutions (SMT) that would enhance asset performance.

Asset Management

Expected Results Should be Defined Upfront and Used to Scope Out Initiatives and Track Success

Deming once said "Your systems (and processes) are perfectly designed for the results you are getting."

Industry is forever searching for ways to maximize financial return from its physical assets while responding to ongoing market changes and social requirements. As a result, the average system undergoes 30 to 50 physical and operational changes per year. This represents significant capital expenditures for most organizations. Unfortunately, most organizations do not achieve a measurable improvement in their assets performances from year to year despite these efforts.

There is an alternative; asset performance enhancement through a reliability

Asset Management

Manufacturing Technology Consumption Up 22% Through February

February U.S. manufacturing technology consumption totaled $163.96 million, according to AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors’ Association. This total, as reported by companies participating in the USMTC program, was up 28.8% from January and up 22.1% from the total of $134.34 million reported for February 2009. With a year-to-date total of $291.27 million, 2010 is up 22.3% compared with 2009.

Asset Management

New High-Temperature RFID Tag for Industrial Manufacturing

Balluff has created a new industrial radio frequency identification (RFID) tag designed to withstand temperatures as high as 200°C (392°F) for limited exposure times. This very compact tag, only 40mm x 22mm x 6.5mm in size, is designed to be easily mounted in as many locations as possible and complies with the open ISO 15693 standard. These features offer greater hardware flexibility, while providing the highest data reliability that Balluff RFID users are accustomed to.

asset management

The Central Issue: How to Make Distributed Maintenance Work

Definition: Kaizen

Black & Veatch selected to lead PSE&G’s Grid Modernization Program

Life Cycle Engineering Introduces Targeted Services to Help Manufacturers Improve Operations

Applying the Guidelines of BSI PAS 55 to Facility Management

Smart Grid Reliability Solutions – Invest in Capital or Continue to Maintain Existing Assets?

Atlas Inspection Technologies Expands into Gulf Coast Region

Honeywell Agrees To Acquire Matrikon Inc.

Building a Business Case for PAS-55

Shingo Award Recipients Announced

SmartSignal Announces Summit 2010: Avoid Surprises

Assetivity recognised for excellence in Intellectual Services

An Introduction to PAS 55 – Optimal Management of Physical Assets

How to Achieve Enhanced Reliability in Refining Through Corrosion and Boundary Management?

Transmission and Distribution Companies Should Invest in Smart Maintenance Technology Solutions

How to Achieve Enhanced Reliability in Refining Through Corrosion and Boundary Management

Expected Results Should be Defined Upfront and Used to Scope Out Initiatives and Track Success

Manufacturing Technology Consumption Up 22% Through February

New High-Temperature RFID Tag for Industrial Manufacturing

Jim Gagnard, SmartSignal CEO, Announces Significant Product Innovation