NEWS AND ARTICLES
What is a CMMS? Computerized Maintenance Management Software
Computerized Maintenance Management Software (CMMS) is a solution for organizations looking to improve the way they manage maintenance operations, teams, equipment, inventory, workflows and compliance.
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4 Key Benefits of Life Cycle Cost Analysis
Life-Cycle Cost Analysis (LCA) helps fleet managers measure the long-term economic sustainability of their organization’s assets. When you calculate the total cost of ownership over the life of an asset, you not only improve your organization’s bottom line, but you also find the answer to the age-old question: should I
What Drives Asset Life Cycle Costs?
When questioned about their operations, too many executives believe that maintenance is the primary, if not sole, driver behind chronic reliability problems, high capital replacement costs and the excessively high life cycle costs of their physical plant.
New: ISO/TS 55010 just released!
Asset Management is a function not exclusive to any one part of the organization but should be seen as multi-functional and multidisciplinary. Aligned financial planning, accounting, decision making and reporting are crucial aspects of effective asset management. Conversely asset management has major impacts on financial planning, decision making and reporting.
The ROI of the Apollo Root Cause Analysis Methodology
For an RCA program to survive, it must stand on its own value. Individuals within an organization who engage in an RCA program have an intuitive sense of the program’s value and believe it serves as a cost-saving tool.
12 Elements of Effective Reliability Management
I’m often asked what effective plant reliability management looks like. How does one recognize it when he or she sees it? While there are plenty of details, I’ve boiled it down to the following 12 dimensional elements. Naturally, there is much more detail, but I’ve described these key elements for
Strategies to Manage Asset Performance
Creating a world that doesn’t break down offers the process industries a $20 billion opportunity. Reducing unplanned downtime and increasing asset utilization represent the biggest opportunities for financial improvement in production operations. Albert Einstein could have been alluding to smart manufacturing when he said, “If I had an hour to
The MRO Dilemma: Major Time, Minor Spend
A universal situation in the world of the maintenance, repair and operations (MRO) supply chain is that managing the process consumes an inordinate amount of time from all plant departments. The MRO spend is only six to 10 percent of a plant’s total, but it absorbs 70 to 80 percent