Asset management excellence : optimizing equipment by John D. Campbell, Andrew K.S. Jardine, Joel McGlynn

By John D. Campbell, Andrew K.S. Jardine, Joel McGlynn

Through the 8 years because the e-book of "Maintenance Excellence: Optimizing gear Life-Cycle Decisions", the company setting has replaced greatly. Globalization, consolidation, and adjustments in know-how problem asset administration and upkeep execs to be extra effective. Globalization and consolidation were rather instrumental within the alterations in upkeep standards, Read more...

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Globalization, consolidation, and alterations in know-how problem asset administration and upkeep execs to be extra effective. This publication offers assurance of management concerns, the Read more...

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1 Leadership............................................................................................ 2 Control................................................................................................. 3 Continuous Improvements................................................................... 7 Add Value through People............................................................................... 8 Level of Asset Management Maturity.............................................................

These are often most pronounced during the create-and-procure and disposal phases, but of great importance are also the operate and maintain phases, where financial performance is also affected. Maintenance, for example, can be a massive contributor to total cost of ownership (TCO), and the performance of the operate phase can be a huge contributor to financial performance. 10 Technology In this instance, we refer to technology as an asset management tool, not as the asset itself (although the asset management system is indeed an asset).

The ultimate aim is to attain a high degree of control over your maintenance decisions, and in this chapter we explore what it takes to get there. 3 Optimization Optimization is a process that seeks the best solution, given competing priorities. This entails setting priorities and making compromises for what’s most important. Maximizing profits depends on keeping our assets in working order, yet maintenance sometimes requires downtime, taking away from production capacity. Minimizing downtime is essential to maximize the availability of our plant for production.

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