Enterprise Asset Management
“Protecting your investment in production equipment and facilities”
Whether your company operates shopping malls or generates electricity, manufactures elevators or bottles beer, you have made a considerable investment in production equipment and infrastructure to deliver a product. The use of an Enterprise Asset Management (EAM) system will help you optimize the use of these assets, saving you money in the short term as well as in the long run.
When you look at your assets, there are three requirements that you expect and need for these assets to meet:
Availability – If and when you need the asset to perform to support your processes, they must be available to meet this need. In some cases, this requirement is for continuous operation, such as a turbine in a base load power plant. In other cases, the need may be for intermittent, on demand, operation, such as for a backup power generator or fire suppression system.
Performance – The asset is expected to perform at the required functional level without negatively impacting quality.
Longevity – If possible, the asset must be able to perform at the rated level for the duration of the specified lifespan. And if possible, measures could be taken to extend the expected lifespan.
In order to optimize these requirements, organizations put in place maintenance processes to manage the life-cycle of their assets. These processes typically consist of:
Preventive Programs – tasks designed to minimize the impact of equipment failures on production by taking proactive maintenance actions on a proscribed periodic basis, such as lubrications and inspections.
Predictive Programs – tasks that are used to take measurements of operating parameters of the asset in an attempt to predict failures in time to plan corrective actions.
Corrective Programs – procedures used to quickly respond to and correct equipment failures. These also include the stocking of spare parts to reduce the turnaround time and thus reduce any production impacts of equipment failures.
Failure Analysis – procedures that examine failure modes, either in an upfront reliability assessment or after a failure, to determine if new preventive or predictive tasks are appropriate mitigate future failures of that asset or class of assets.