Benefits. ERP is a backward-looking financial . Continuous improvement and the learning organisation. 2. Asset Care : Long term care benefits Breakdown affects profitability Affects QCD QUALITY COST DELIVERY UnsatisfiedClients 4. . It is an essential tool, adding increased effectiveness and efficiency of work management and asset care. We will also provide you with criteria for selecting a balanced set of maintenance tactics. Asset care - maintenance types John Moubray introduced a new maintenance type that he called analytical maintenance. T Annual overhaul. This care could be an operator care task, a predictive technology, a preventive maintenance task or job plan, and even doing nothing at all (run to failure). The process to improve is a 4 part approach: Simply put, Asset Maintenance Management can be defined as "a continuous process improvement strategy for improving the availability, safety, reliability and longevity of physical assets" (i.e., systems, facilities, equipment and processes). CMMS is a forward-looking technical management system, addressing practical, real-time maintenance needs in the workplace. Preventive maintenance (a.k.a. In essence, this process can be likened to building a house. This care could be an operator care task, a predictive technology, a preventive maintenance task or job plan, and even doing nothing at all (run to failure). Facilities and Manufacturing. However, below are a few basic tips to implementing an ODR: Begin with asking the reason for developing an ODR: to increase productivity and reliability or to free up maintenance technicians. A good asset maintenance strategy makes for more reliable assets. T Establish maintenance strategy. Maintenance management is an orderly process to control the maintenance resources and activities required to preserve assets at, or repair them to, an acceptable working order. The asset care plans were developed using AssetWise Asset Reliability, an APM solution from Bentley Systems, based on both historical learnings and current best practices. At Optimal, we empower our clients, by providing tools, strategies, and services that improve physical asset performance; through structured, consistent and auditable processes. Establish system boundaries that will design the integral asset care plan. This includes planning the resources necessary to maintain the operation of your system. An asset strategy is a documented understanding for how an asset can potentially fail, the risk that the asset presents to the business, and an economically justified plan to mitigate that risk. A. The following benefits come from having a properly developed and documented Maintenance Strategy: Provide a common awareness and understanding of the strategy. This care could be an operator care task, a predictive technology, a preventive maintenance task or job plan, and even doing nothing at all (run to failure). Run to fail maintenance. Set out the successful practices which will be used. A key part of asset strategy management is analyzing the risks of . The intent of this strategy is to provide the required asset utilization at the lowest life cycle cost while also ensuring the asset makes it to the budgeted end of life. Provide a reference document which can be used as a structure for Maintenance Training. The maintenance task interval will be such that it addresses the failure at the optimal point in that asset's failure cycle. The foundations are the maintenance requirements of each asset and the walls are the resources required to fulfill the requirements (people and skills, and spares, materials, and tools). There are many different approaches that you can mix and match . These case studies detail some of our accomplishments in supporting our clients in their asset management, maintenance management and reliability improvement endeavours. As a whole preventive process, employees . Job Purpose. Implement a Digital Asset Management Maintenance and Archiving Strategy to: - Keep your DAM clean and manageable. Maintenance Strategy October 25, 2021 Top 5 Plant Engineering articles Oct 18-24, 2021 Articles about a pressing case for predictive analytics, difference between NEMA and IEC electric motors, how to avoid COVID-19 related schedule delays using Lean, and more, were Plant Engineering's five most clicked articles from Oct 18-24, 2021. The roof represents the systems needed to manage the resources (maintenance management systems). Selecting a successful maintenance strategy requires a good knowledge of maintenance management principles and practices as well as knowledge of specific facility performance. RTF involves letting the asset run until the entire piece of equipment fails and needs to be replaced. The principles used to correct such inefficiencies are: All maintenance tasks must address a specific failure mode. Where poor maintenance thrives, as does high maintenance costs, unreliable plant and equipment, and poor . Lots of asset failure occurs due to the negligence of asset maintenance, overestimating the asset life, long continuous working hours, wear & tear of the asset, etc. Condition-based maintenance (CBM) introduces one solution. However, deciding which type of asset maintenance strategy is right for you can be tricky. . This strategy was formally designed and confirmed to be compliant with statutory obligations. - Utilize the most up to date assets and focus on a single source of truth. The ultimate objective of Asset Care/Maintenance is: "To maximize the profitability of the . Maintenance & Asset Care Lead - Global Supply Chain/Production. Condition Based Maintenance (CBM) is considered a good strategy overall (again, depending on your type of equipment) but it is also a good way to minimize energy expenditure. Our value-adding solutions apply to a wide range of industries and a variety of physical assets. Applied correctly, the output is an optimum maintenance schedule. The conveyor breaks down with no plan in place to fix it. T Longer Term maintenance monthly / 6 monthly. A CMMS helps you monitor asset management key performance indicators (KPIs) through maintenance reports. Plant Capability, as shown by the diagram, is done Search and analysis of: databases of main and secondary equipment, Organizations in Stage 2 recognize that managing maintenance better can reduce costs and improve asset availability. Global / Regional Asset Care strategy development, together with regional counterparts; Development and maintenance of standards, capabilities, systems and continuous improvement methodology, together with CoE members and other subject matter experts . Oil & Gas and Mining. The conveyor is allowed to run until it breaks down with a plan to fix it. Process: We will help you develop a set of standards to assess your critical assets, analyse their failure modes and develop tactical tasks. Ideally, our goal as asset managers is to have highly reliable assets, meaning, assets with a low mean time to repair, a high time between failures, high availability and low downtime. The scope is to look at our current organization capability, our PM systems, process rigor and craft skills and stabilize the relationship. As a holistic, risk based approach to asset health monitoring and maintenance, our APM solutions are helping the client of a major LNG export facility improve efficiencies in the planning, inspection and repair process for safer, more reliable and sustainable operations. methodology for maintenance strategies. Condition-based Maintenance. With proper care, an asset can last much longer than it would without maintenance. T Weekly downtime reduced from 8 hours to 30 minutes. Operator Care correctly applied can make a profound contribution to any organization implementing a Six Sigma, CI or similar quality strategy. Asset Maintenance Strategies You Can Rely On. The asset management system, organisation and risk-based framework specified in PAS 55. Asset management assists in identifying and prioritizing the work necessary for specific assets not only for the ROI of . Data analytics for asset performance insights. The main two factors to consider are the cost of equipment failure and the ease of monitoring the equipment. To ensure statutory compliance, the governing regulations applicable to the maintenance of equipment at the power . Align to industry standards. That's what allows us to offer a quality service to users. Fulltime, JG 25 . Develop an asset care (i.e., maintenance) program that assures each asset performs reliably when needed ; . 5. T Communication, training and further improvement. The application of this methodology is developed in the following steps: 1. A sound Asset Maintenance Management Strategy has to be viewed as belonging to, and involving, the entire organization not just the maintenance department. The most efficient asset maintenance strategies cost around 3% of the total cost of rebuilding the plant, per year. Strategic Asset Management Inc. 25 New Britain Avenue Unionville, CT 06085 (800) 706-0702 www.samicorp.com . Additionally, a CMMS makes it easy to track job completion, determine the percentage of . But performing a good asset maintenance management involves knowing the condition of each piece of equipment, understanding its life cycle, and scheduling maintenance according to these variables. Prioritize your assets. 3. Many organizations already have elements of asset strategies . Extend the asset life of your . A reactive maintenance strategy involves letting assets run until something on them breaks and needs to be repaired. Ensure best in class asset care principles. Positive cost avoidance. As a disposable asset, t hey have low carrying costs and . Both will form the basis of your maintenance strategy for each piece of equipment. To plan, organize, direct, control, coordinate and manage power infrastructure asset (generation, transmission and distribution) care and maintenance throughout the Corporation with the objective to maximise power system availability, reliability and ensure safe operation of the assets in a cost-effective manner. Using the Internet of Things (IoT) to monitor asset conditions and trigger preventive actions, you can: Monitor and analyze asset health data, both historical and real-time. A good maintenance strategy is one that achieves high uptime for key equipment at low . The . Following these 5 asset maintenance best practices will ensure your facility stays in tip-top shape while keeping costs low. The main purpose of the FMEA in this case was to advise improvement to in-service asset care. - Make search easier and improve accuracy. Preventive (scheduled) maintenance. Maintenance. The Macon (Georgia) Water Authority (MWA) gained first-hand experience launching an Asset . While you may interpret this definition of maintenance management as simply meaning "fixing things," that would be an oversimplification. Our data-driven risk and reliability solutions and . Asset policies & strategies derived from the business plan. Prioritize or rank the assets value to the operation of the organization. The service slots in with your existing maintenance team to manage your assets in support of your bigger organisational objectives. Using an objective maintenance systems auditing tool, we work with our clients to highlight their key maintenance issues that are significant contributors to poor maintenance performance. The maintenance strategy is assigned via a simple matrix based on component value and criticality. approach to asset care Immediate actions and strategies have been selected & planned following an equipment condition assessment The 7 steps of asset care are fully understood by operations and support function teams Operators own and complete asset care, maintenance technicians focus on improvement of equipment and skill Formulating effective asset management plans and ensuring that they are carried out. Our asset care service brings you the people, processes and technology to execute your asset management strategy. So, within manufacturing, it is taking a strategic approach to delivering the highest value level of service to the customer. Eliminate Ambiguity in Maintenance Tasks. PEMAC has dedicated its efforts over the last 20+ years to moving its . The intent of this strategy is to provide the required asset utilization at the lowest life cycle cost while also ensuring the asset makes it to the budgeted end of life. This is beneficial for businesses because it means . According to our 2021 maintenance report, preventive maintenance is the most popular asset management strategy. Corrective maintenance. preventative maintenance) is the simplest and cheapest proactive maintenance strategy. Stage 2: Prepared Maintenance. Reliability Centered Maintenance (RCM) is a great maintenance strategy and considered the most cost-effective overall. The asset lifecycle consists of eight main stages, each of which requires involvement from a specific department: 1. Business need. Use the least expensive and most effective task to maintain the asset. It is usually treated as a risk control process where the PoF is treated through preservation and prevention, whereas CoF is treated through recovery, repairs, and renewals. Case Study. As a whole, asset life cycle management includes monitoring and evaluating how assets meet an organization's needs at each stage, from planning to installation, use, maintenance, and disposal or retirement. daily care practices. Common Maintenance Strategies Depending on the value of the asset or its criticality in the plant's operation Maintenance strategies are used : Run to Failure (Breakdown maintenance) An acceptable strategy for . Choosing the right maintenance strategy can be a challenging process. Depending on the industry, senior management develops a long-term capital plan that includes replacement of ageing assets, the acquisition of new assets that accommodate growth as well as an ever-changing strategic plan for the overall corporation. 24/7 service transparency via customer app. There is no one correct formula for maintenance strategy selection and, more often than not, the selection process involves a mix of . They don't have a formal maintenance strategy, but they usually have a system for managing work orders, keep spare parts on hand to speed up repairs, and rebuild major components instead of . Provide a framework for review and development. This model puts, quite properly, the asset at the heart of the maintenance strategy - defining what is needed to achieve its optimum performance; and then around it is defined all the management tasks needed to provide the asset care strategy at the core. Maintenance: All actions intended to retain an item in, or restore it to, a state in which it can perform a required function (Asset Management Council) Asset Management: The coordinated activites of an organization to realize value from assets (from draft of ISO 5500x). The goal is to develop asset care strategies that balance our current capability and asset availability with the needs of the equipment. The tablet-based plans guide operators and maintainers through their inspection routes, with the findings entered in the electronic checksheet and stored in a single digital . A risk-based maintenance strategy evaluates the impact of the maintenance task on the probability of failure (PoF) and consequences of failure (CoF). So, we created a seamless process to define, manage, and operationalize asset strategies. Extended Equipment Life. Asset Strategy Management is a process that ensures that the basics of asset care are in place on all assets, maintenance is optimised on critical assets and any changes to maintenance plan master data are structured, justified and effective. Continuous condition-based monitoring of electrical conductors and insulation is an effective way to . Mike and Scott explore ways of making the business case for preventive maintenance using risk rankings and engineering scores along with other asset management strategies. 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