Category: Asset Management
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What is Machine Lubrication? The ultimate guide
/ read Share this article Did you know that poor lubrication is responsible for 43% of mechanical failures? Machine lubrication is more than just a routine task, it’s a critical element in effective equipment management. This essential maintenance process involves applying lubricants, such as oils or greases to reduce friction, dissipate heat, and protect moving…
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Implementing an asset management strategy in greenfield projects
/ read Share this article Implementing an Asset Management Strategy (AMS) in a greenfield project requires a structured methodology. This can be broken down into several key stages: The Asset Management Framework (AMF) It is based first and foremost on the Asset Management Framework. The AMF defines business expectations for managing the whole lifecycle of…
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Asset Management: Why You Should Not Delay Its Integration!
/ read Share this article Implementing an effective asset management strategy from the beginning of a greenfield project is not just a best practice—it’s a necessity. Yet, many organizations choose to delay this integration until the execution phase, overlooking the strategic value it can deliver early on. This delay is a gamble that can jeopardize…
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The 7 Key Benefits Of Implementing Clear And Effective Asset Management
/ read Share this article Implementing a robust asset management strategy at a greenfield site or any established facility offers substantial benefits throughout the asset’s lifecycle. From the early execution phase to long-term operations, asset management helps optimize performance, reduce costs, and ensure a smooth transition between different project stages. Below, we outline the seven…
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What is Asset Management?
/ read Share this article Asset management is a strategic approach to managing an organization’s physical assets—such as machinery, equipment, and facilities—over their entire lifecycle. Its primary goal is to maximize asset value and ensure that they contribute effectively to the organization’s mission and financial objectives. Asset management goes beyond simple maintenance; it encompasses the…
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How do you achieve Operational Readiness in Greenfield Industrial Projects?
/ read Share this article Operational Readiness (OR) is a crucial aspect of any greenfield industrial project, ensuring that new facilities and operations start up smoothly and deliver expected performance from day one. Effective OR planning minimizes risks, reduces costs, and accelerates time-to-production. This article provides a comprehensive framework for implementing OR in greenfield sites…
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Work Management
/ read Share this article Unlock up to 30% savings in maintenance costs with a significant improvement in work management!1 In the field of industrial maintenance, an effective strategy is more than just training staff or defining a core strategy. The real challenge lies in the execution of the work, a process that can be…
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Exploring the top 5 Benefits of a Reliable Plant
/ read Share this article When assessing a plant’s performance concerning its production and maintenance activities, we often focus on evaluating the overall reliability of the plant. “Reliability” has become a buzzword in today’s industrial world and can be interpreted in various ways. However, in this article, when referencing reliability, we specifically refer to the…
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The cycle of reliability: The high and low
/ read Share this article Like life’s patterns, the maturity of reliability programs in a factory follows a cyclic process. The diagram above illustrates the most common stages that most plants currently occupy concerning their reliability maturity relative to maintenance costs. Your specific plant may not align precisely with one of the four identified levels;…
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Unlocking Equipment Maintenance Excellence with ISO 14224
/ read Share this article In the dynamic and demanding industries of oil and gas, petrochemicals, and power generation, the seamless operation of equipment is paramount. This equipment’s reliability and maintenance are pivotal factors in ensuring operational efficiency and safety and environmental protection. ISO 14224, a vital standard in this landscape, plays a pivotal role…