The prime role of Maintenance is to reduce operating risk. Maintenance serves a business well when its use leads to lower production costs than using other choices that could have been taken. Too many managers think that they must maintain plant and equipment. Maybe you do and maybe you don’t. Maintenance is expensive and, as far as it is safe, use less costly answers. But if you do choose to do maintenance, then you ought to pick an operation’s maintenance strategy mix based totally on its effectiveness in delivering the least operating costs for the least maintenance cost.[Read more…]
Life Cycle Asset Management
This Life Cycle Asset Management article series introduces and discusses life cycle asset management strategies, systems and processes for optimizing operating asset economics, reliability, performance, and return on investment.
Life Cycle Asset Management, Enterprise Asset Management (EAM), Engineering Asset Management, and Physical Asset Management (and their linguistic variations) are considered to be synonymous names. Life Cycle Asset Management is used to title this series, as it has the correct connotation of what is intended when the applicable strategies are adopted by organisations.
‘ISO 55001 Asset Management – Management systems – Requirements’ is an international standard for certification of life cycle asset management systems and posts about the ISO 55000 asset management suite of documents are included in this series.
The purpose of this Life Cycle Asset Management series is to provide reputed, useful content that brings value and improves asset performance when used in operations and organisations.
NOTE: The series does not include coverage of related commercial or vendor software or database management applications.
A PWW EAM SYSTEM-OF-RELIABILITY ENSURES WORLD CLASS RELIABILITY AND OPERATING PROFIT FROM YOUR ENGINEERING, SUPPLY CHAIN, OPERATIONS, AND MAINTENANCE STRATEGY, METHODS AND PRACTICES
Build your Engineering, Supply, Operations, and Maintenance processes to get world class reliability with the fewest resources and least costs
Making great choices that get world class reliability for your company is what you do with Plant Wellness Way Enterprise Asset Management methodology.