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Demanding Excellence from Your Asset Management System - Paperback

Demanding Excellence from Your Asset Management System - Paperback

SKU:by John Reeve, 266 pages

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  • Written by John Reeve, 266 Pages

 

Many organizations are not aware of advanced processes. It is these processes that offer the greatest potential return on investment. Examples include chronic failure analysis, root cause analysis, defect elimination, work order feedback, RCM analysis, and future scheduling. Lastly, it is important to know which one will bring the greatest benefit to your organization.

For many years, perhaps decade, the CMMS community has struggled to extract knowledge in support of asset reliability and performance. When it comes to reliability engineering, one of the more significant processes is chronic failure analysis. As a complex process to implement, there are several prerequisites involving software/data, process/procedure, and roles/responsibilities. But if successful, this process alone could provide a 40%-60% reduction in maintenance costs by focusing on recurring failures.

If an organization is not actively engaged in benchmarking, they may be falling behind the competition and losing stock value. The trick is to seek new technology and innovative ideas to add efficiency and reliability, but only if they support the goals of the organization. There are several forms of benchmarking: (1) internal staff survey, (2) external site visits, (3) attending user forums, (4) attending training, (5) reading books/magazines, and (6) researching content on the internet.

All senior managers should be involved in future planning. An asset management team, for example should have a Long Range Plan which spans 3 to 5 years or more. This schedule should show the shortest path to value. It's simply not possible to perform all improvements at the same time. Nor can you afford to do so. Thus the stakeholders need to selectively review the improvement tasks and assign priority and cost benefit. Lastly, by having this type of plan on the wall, stakeholders can quickly refer to the critical path and be reminded of supporting activities.

If you are just using your CMMS to create/close work orders, then you may not fully understand the potential of the software. In addition, you may not have a utilization plan which discusses business rules, definitions, error checks, and analytical reports. The goal is not to use every possible application, but rather, to use those applications you need to make the best decisions and manage by exception.

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