Tagged With "Asset"

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Asset Management as a strategy is growing

Reliability ·
Our research shows that fully 1/3 of companies will be adopting some aspect of Asset Management as a business strategy by 2019.  What is your plan?   Terrence      
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CMMS as viewed by Reliability Engineers

planschd2 ·
I wish reliability professionals would recognize that we too are important . There are many experts in the field of condition monitoring, defect elimination, root cause analysis, RCM analysis, etc. and they believe strongly in their approach. The CMMS is a valuable database containing asset registers, asset failure history, asset criticality, spare part data, warranty information, asset age/installation-date/replacement cost, asset classification data, job plan libraries, PM/PdM...
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Does anyone have an example of a Strategic Asset Management Plan to share?

Reliability ·
One of the requirements of the new ISO 55001 Managing system for Asset Management standard is the use of a Strategic Asset Management Plan (SAMP) as a guide.   Does anyone have an example of a Strategic Asset Management Plan they would share?...
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Enterprise Asset Management & Software Selection

InforEAM ·
What software do your business use for Asset Management? Do you use the Inventory, Call Centre, Purchasing, Mobile, Reliability modules incorporated within the software you use or does your solution offer these?
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How important are asset taxonomy and coding?

Reliability ·
How can you zero in on maintenance improvements without failure data?  
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Predictive Analytics

ashishsoni ·
Guys, I have been given the responsibility to research 3-5 solutions available in market for predictive analytics to prevent unplanned maintenance, understand in-depth root causes of failure at multiple levels pinning to the lowest asset element, achieve optimal production efficiency, ensure supply chain is leveraged to the best limits and achieving all of the above in a cumulative fashion? Any suggestions?  
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What is asset management?

Reliability ·
It seems like I am seeing the words asset management everywhere these days. What is asset management to you?
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Your Asset Management Plans for 2016

Reliability ·
2016 is rapidly approaching. What are you planning to do to get more value and reliability from your assets?
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What Knowledge do Asset Managers Need?

Joyce Brook ·
As an emerging discipline, Asset Managers need to have a breadth and depth of knowledge and experience in their chosen industry. Thinking about this, what do you think should be the core requirements for a competent Asset Manager to have?
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What Value do Asset Management Specialists bring to businesses?

Joyce Brook ·
I have been asked this question many times, and whilst I have my own views and run a team of Asset Management Specialsits, I would be interested in other peoples views (good or bad). My team manage physical assets from conception to disposal for multi million pound projects.
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Euromaintenance Conference 2016

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IMC-2015

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MaximoWorld Virtual Webinar

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MaximoWorld Virtual Webinar

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RCM Rapid Deployment

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MaximoWorld Virtual Webinar

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Solutions 2.0 Virtual Conference

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Solutions 2.0 Virtual Conference

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Solutions 2.0 Virtual Conference

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Solutions 2.0 Virtual Conference

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Solutions 2.0 Virtual Conference

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Solutions 2.0 Virtual Conference

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Solutions 2.0 Virtual Conference

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The Reliability Conference

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Re: What is asset management?

Dimaz Gesang ·
I'm newbie on Asset management. Asset Management is the ability to maintain and manage the sustainability of a plant with the purpose of reduce unplanned downtime and increase of profitability. Regards, Dimaz
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Re: What is asset management?

candy ·
Not surprising though: https://en.wikipedia.org/wiki/Asset_management
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Re: What is asset management?

Joyce Brook ·
Ther are a number of definitions as to what asset management is (or is not); and there will be differing views dependent upon whether you are talking about hardware, software, real estate, finances or people. However, the underlying principle of asset management is that the product, data, or service is that it has value to its owner and must be looked after in the most cost effective way possible for its remaining life.
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Re: What is asset management?

Ahmed Ragab ·
I liked and refered to the recent ISO 55000 standard definition for asset management: the coordinated activity of an organization to realize value from assets.
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Re: What is asset management?

Andika ·
Asset management in another perspective is the core business for organisations that are heavily dependent on physical equipment, system and infrastructur.
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Re: Enterprise Asset Management & Software Selection

Former Member ·
Hi, I would recommend to start with your requirements - all three of them, business requirements, user or functional requirements and technical requirements. Once you have a good handle on the requirements, try and quantify the deliverable of your Enterprise Asset Management Software. You should try and get a statement like; our chosen software should help us deliver value of $ 3 Million across the next 3 years. This is just an example, the value and the timeline will vary as per your...
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Re: Asset Management as a strategy is growing

Joyce Brook ·
My UK organisation has been involved in asset management for a number of years, but this is now being recognised globally and I am part of a select group of people who will be introducing processes and procedures in line ith ISO55000 to roll out across our internal organisation, in conjunction with training, mentoring and developing asset management potential within our workfroce.
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Re: Asset Management as a strategy is growing

VinMan ·
Can anyone suggest a master's program in asset management that can be completed online ? I am aware of IAM's certificate and diploma level examinations and course content. But I am looking for a formal education into it. Please advise. Regards VinMan
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Re: Predictive Analytics

Reliability ·
Great question and one we have been digging deep into at Uptime Magazine Here are some good starting points but happy to discuss deeper after you have had a look. Would appreciate your comments and evaluation as well either here or privately at terrence@reliabilityweb.com Bentley Systems Predictive Operational Analytics Software (Amulet) Predikto Mtell IBM PMQ Here are some great video links Solutions 2.0 2015 - Predictive Analytics in Asset Management Data Driven Services and Reliability...
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Re: Predictive Analytics

USMC 08 ·
The Mtell presentation at IMC this year was impressive!
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Re: What Knowledge do Asset Managers Need?

María T. Romero ·
I think that an asset manager have to know very well the objective of the enterprise, how do they think invest its money and how much return they expect. Based on that, he or she can direct the resources to maximize the asset value, taking in account the operations, maintenance, human resources, knowledge, training required to achieve the goals, and of course know very well the standar ISO 55000.
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Re: What Knowledge do Asset Managers Need?

candy ·
Not sure if asset manager is an emerging discipline coz the term has been used in oil & gas industry for quite some time already.
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Re: What Knowledge do Asset Managers Need?

Former Member ·
The core requirement for any asset manager (or anybody else with a different title responsible for assets) is the ability to link and drive profitability of their assets with executable asset strategy. The appreciation that every element of asset management directly influences profitability of their company is vital. Other important element is to manage teams that are cross functional - asset management has four components Asset Design Asset Commissioning Asset Usage/Maintenance and Asset...
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Re: Enterprise Asset Management & Software Selection

Larry Johnson ·
Hi Ally, Google "CMMS Best Practices Study" and download the PDF. It is an excellent source of who is using what EAM/ERP system and gives some insight on their satisfaction.
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Re: Enterprise Asset Management & Software Selection

candy ·
It's up to you to fully use all the functionalities available for effective and efficient Maintenance Management and Materials Management.
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Re: How important are asset taxonomy and coding?

candy ·
Are we going back to basics? It's still interesting and necessary though!
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Re: How important are asset taxonomy and coding?

Rusty Cas ·
I find that I usually have better equipment histories (of the machines I monitor) than my customers do, via "note codes" that I enter in my database as I make my rounds(new pump, new motor, new bearings, new base, etc). How can I get my customers to actually maintain good equipment histories, because many don't, in spite of having expensive asset management systems in place. "The trend is your friend"
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Re: How important are asset taxonomy and coding?

candy ·
If that's the case, I might consider the rotating equipment engineers to buddy your rounds. If there are many cases like that, are they still doing the maintenance philosophy of Don't fix if it ain't broken?
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Re: How important are asset taxonomy and coding?

candy ·
All those new things should be captured in the work order paper form or in the work order in the CMMS if used.
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