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Articles: Asset Management

Developing an Asset Management Strategy

Most large plants have $100’s of millions in investments. They were all built with an objective to provide earnings superior to risk-free government bonds. While there are many factors which influence profitability, maximizing output potential is often the single greatest opportunity, especially for low-margin, commodity-type businesses. A typical measure of success of asset deployment is Return on Assets (ROA).

Eliminating Moisture Damage to Bearings on Critical Steam Turbines

By John Harms and Chris Rehmann

Expectations and Requirements Operations and Maintenance Alignment

I expect equipment to run! Well I expect to get to work on it!

Failure Modes Effects Analysis - Taking The Final Workflow Step

WHY GO THE EXTRA STEP?

When you implement "best practices" or upgrade to a new version of your Maintenance Management System (CMMS or EAM), you look at your maintenance and/or supply work flow process to understand how work gets requested, done and documented. Once you have done your "due diligence" and created process flow design diagrams down to what I call a level 5, you may think you are ready to write procedures. Are you truly ready?

Is There Too Much Capacity

It is currently October 2009 and evidence is mounting that the world's economies are slowly emerging from the bottom of the Great Recession. Despite that good news; Gross Domestic Product is far below its level of 2007. The important strategic questions for business people are:

• "What is likely to happen in the coming years?"
• "Should I change my thinking about reliability and process improvement?
• "How can I best position myself and my organization for the likely scenarios?"

What is Likely to Happen?

Leveraging PAS 55 Within National Grid

National Grid's journey with implementing PAS 55 Development of a cross business asset management initiative Using PAS 55 to develop a common language across different geographies and networks Using the platform created by PAS 55 to share business practices and develop common ways of working Sharing asset management practices with businesses outside National Grid using PAS 55.

Managing Availability for Improved Bottom-Line Results

By Bill Keeter

Abstract
During the past five to eight years, the role of maintenance manager has evolved from merely keeping equipment running to that of physical asset manager. The goal of the physical asset manager is to maximize profits by managing physical assets in a way that provides the optimum level of physical availability. This paper provides a framework for managing availability goals to help meet the financial goals of an organization.

Manufacturing and Business Excellence - Part 1

The Scene

Kaohsiung Industries, an international manufacturing company, has recently made substantial inroads into US and European markets, shaking the confidence of investors in competing US and European manufacturers. Around the globe, manufacturers like Kaohsiung are capitalizing on lower trade barriers, a growing global economy, and substantial growth in the Asia-Pacific economies, challenging other manufacturers' long-standing position in their traditional markets.

Beta International, a large manufacturing conglomerate, is under intense pressure from domestic competitors with newer technologies, from foreign competitors with cheaper products, and from within- there's so much politicking that much of the work that's done by many individuals is related to positioning for survival in a streamlined organization. They have just named a new CEO, Bob Neurath, who is determined to get the company back on track and reestablish itself as the leader in its markets, especially its chemicals sector.

Manufacturing and Business Excellence - Part 2

The Scene

Kaohsiung Industries, an international manufacturing company, has recently made substantial inroads into US and European markets, shaking the confidence of investors in competing US and European manufacturers. Around the globe, manufacturers like Kaohsiung are capitalizing on lower trade barriers, a growing global economy, and
substantial growth in the Asia-Pacific economies, challenging other manufacturers' long-standing position in their traditional markets.

Beta International, a large manufacturing conglomerate, is under intense pressure from domestic competitors with newer technologies, from foreign competitors with cheaper products, and from within- there's so much politicking that much of the work that's done by many individuals is related to positioning for survival in a streamlined organization. They have just named a new CEO, Bob Neurath, who is determined to get the company back on track and reestablish itself as the leader in its markets, especially its chemicals sector.

Modern IT tools for Asset Management – Vitalizing an aging workforce

While the economic downturn has postponed this trend by a few months to a year, the baby boom generation is preparing to retire. In the western, developed world, there is a small number of younger, working-age people, and that presents an immediate, quantitative problem in that there will be fewer people available to do the work. In engineering-intensive manufacturing operations and maintenance fields, the problem is compounded by a low number of young people choosing these relatively "uncool" professions.

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

PAS 55 – A new hype?

(By J. Schipper, Managing Director UMS Group Europe and L. Dik, Associate, UMS Group Europe)

As professionals in the Utility market, we at UMS Group were surprised with the enormous interest in PAS 55. What were people thinking? What are their expectations? What are their experiences? UMS Group used the Linked-In forum to facilitate several discussions and, in April 2010, we polled members to explore this new "thing" called PAS 55. Results of this poll, and some interpretation from our point of view, are discussed in this white paper.

We have also facilitated a forum discussion using these poll results at a "Risk Based Asset Management" conference held in Bonn in May 2010. Not unexpectedly, the forum discussion aired a range of views, questions and some degree of alignment.

Preview Survey Results from the Eight Critical Elements of Asset Management Survey

OneSteel and Reliabilityweb.com Study Highlights Nine Areas for Improvement

OneSteel and Reliabilityweb.com have been conducting a comparative benchmarking study in 8 Critical areas for effective asset management. Several interesting trends have emerged that indicate some companies will be much better prepared to gain significant competitive business advantage when demand increases.

Process improvements and cost reduction through reliability enhancements

"Forming a partnership with ABB, we have accomplished production performance improvement and reduced maintenance costs. Our results are a continuing and sustainable process that will pay lasting dividends."

Maintenance Manager, Southeast Chemical Plant

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.

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