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...
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?...
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?
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?
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?
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.
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
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.
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...
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.
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
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 firstname.lastname@example.org 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...
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.
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...
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"
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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