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strategic asset management plan

Maintenance and Stores – A Partnership?

Maintenance and Stores – A Partnership?

In my many years of experience in working with hundreds of industrial operations, the storeroom or spare parts is one of the most frequently criticized functions, and the self-assessments at these operations suggest the criticism is justified — at least in the eyes of the maintenance department.

Asset Performance Management Accelerators

GE Digital Launches Accelerator Tools to Help Energy Companies Accelerate Digital Transformation

GE Digital today announced its new Accelerator product line adding best-in-class software tools to help empower companies in asset-intensive energy industries to quickly configure its Asset Performance Management (APM) and other offerings. GE Digital Accelerators are designed to enable faster time to value, scale APM to a wider range of assets, and help enterprises gain financial value at both their facilities and across the enterprise.

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Integrated Management Systems: Collaboration at Its Best

Integrated Management Systems: Collaboration at Its Best

At Sound Transit, we have embarked on a journey to develop our Safety and Asset Management Systems using quality management principles, leveraging the path laid by the agency's certified Environmental Sustainability Management System.

The Latest Technology for Asset Management in Oil & Gas

The Latest Technology for Asset Management in Oil & Gas

For owner-operators of oil, gas and chemical companies, mechanical integrity (MI) and reliability-centered maintenance (RCM) are pivotal components of any comprehensive asset management (AM) program. 

Practice What You Preach with  Your Equipment Support Systems: It’s FREE Money

Practice What You Preach with Your Equipment Support Systems: It’s FREE Money

More than 40 percent of the allocated electrical costs in an industrial environment is attributed to equipment support systems, including heating, ventilation and air conditioning (HVAC), compressed air, chilled water, boilers, and more. While equipment optimization and visibility are often things that many facility managers take great care in providing, it is not as often considered for these support systems, which product line equipment often depends on to maximize uptime. 

Asset Strategy Management: The Missing Piece in the Asset Management Puzzle

Asset Strategy Management

When it comes to asset management, many organizations continue to be hampered by high costs, a high volume of unplanned failures and, ultimately, an unacceptable level of risk. The reason? There’s a piece missing in their asset management puzzle.

Asset Performance Management 4.0 and Beyond

Asset Performance Management 4.0 and Beyond

In any asset-intensive industry, businesses are pressured to continually improve asset performance and reliability while minimizing costs and ensuring regulatory compliance for e.g. safety. In this environment, optimizing maintenance is critical.

No More Spreadsheets: The New Paradigm in Asset Strategy Management

No More Spreadsheets: The New Paradigm in Asset Strategy Management

Microsoft Excel® is an amazing tool. Yet, it has its limitations and flaws for engineers who aren’t trained in computer programming.

The main problem with spreadsheets for managing maintenance programs is human error. No matter how fastidious you are when creating a spreadsheet, a single line of data that is entered incorrectly, or worse, an inaccurate user-defined formula, can have huge implications down the road.