Category: Asset Management
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Asset Strategy Development: A Step-by-Step Practical Alternative to Traditional RCM
/ read Share this article Asset Strategy Development (ASD) is a fast, practical adaptation of Reliability-Centered Maintenance (RCM). While traditional Reliability-Centered Maintenance (RCM) is rigorous and highly detailed, it can also be time-consuming and resource intensive. Asset Strategy Development retains the core reliability thinking of RCM but reshapes it into a more streamlined and actionable…
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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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The Role of Asset Strategy in Risk Management: A Complete Guide
/ read Share this article An asset strategy is fundamentally a structured plan that outlines how industrial assets are to be operated, maintained, and monitored to achieve specific performance and reliability goals. It serves as a roadmap for organizations to ensure that each asset fulfills its intended purpose efficiently while minimizing the likelihood of failure.…
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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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What is Operator Care? The Complete Guide
/ read Share this article Equipment failures don’t just disrupt production, they erode trust, inflate costs, and drain team morale. Too often, organizations rely solely on maintenance teams to keep machines running, while the people closest to the equipment remain underutilized in the fight for reliability. That’s where Operator Care comes in. Rooted in the…
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The 7 Key Benefits of 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. Many organizations across various industries benefit from asset management, as it enables them to optimize operations, increase asset longevity, and reduce risks. From the early execution phase to long-term…
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How to Assess and Build an Effective Action Plan
/ read Share this article Best-in-class manufacturers consistently outperform their peers by achieving higher asset availability while spending significantly less on maintenance. The key to their success? A structured, data-driven reliability program that focuses on continuous improvement and measurable performance. Whether you’re just starting your journey or looking to enhance your existing practices, this article…
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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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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…