Asset Strategy
Entropy Part 1 – Fundamentals
Engineers are familiar with the concept of “entropy” and the laws of thermodynamics. The second law of thermodynamics states that the total entropy of an isolated system always increases over time. So what does that mean for us in the world of asset management and maintenance...
- James Reyes-Picknell
- Conscious Asset
7 Steps to Kickstarting lloT-Based Asset Reliability
At Petasense, we talk to a lot of companies that are interested in IIoT or wireless Predictive Maintenance (PdM), but aren’t sure where to start. The range of options available and perceived complexity can be daunting. Asset reliability is a journey, and wireless technologies can enable it...
- Ken Madsen
- Petasense
Will a Maintenance Assessment Help My Plant?
If a company asks for an assessment, it is often because it already knows that it is under-performing. The assessment may help to quantify that, but it has some downsides...
- James Reyes-Picknell
- Conscious Asset
Balancing Strategic and Transactional Asset Management
Almost every reliability leader we talk to is under immense pressure, and it makes sense: the lack of process and framework in this field means that most are set up to fail. Specifically, we see reliability leaders heavily reliant on-site experts and reactive to transactional asset management...
- Jason Apps
- ARMS Reliability
The Dangers of a “Set & Forget” Static Reliability Strategy
A typical belief in many organizations is that the work execution management process is actually going to look after their own asset reliability strategies. Of course, that's not quite true...
- Jason Apps
- ARMS Reliability
Optimize RCM to Manage Failures Before They Occur
Being proactive with your assets is all about managing failures before they occur. You can reduce or eliminate the consequences of failure by forecasting what is likely to happen and deciding in advance about what to do about it...
- James Reyes-Picknell
- Conscious Asset
Effects of Poor Maintenance BOMs
What is a maintenance BoM (Bill of Material)?
In an EAM System, a maintenance BoM captures spare part information for a piece of equipment. This information is used during maintenance to determine the correct spare parts to replace.
- Sophie Strobel
- HubHead Corp.
2 Tools for Asset Managers to Improve Prioritization and Decision-Making
Asset managers across industries are all feeling the intensifying pressure to consistently prioritize resources correctly and make effective decisions accordingly. Effective decision-making requires a quantitative approach that is justifiable, consistent, and above all, aligned with the greater strategic business goals...
- Jason Apps
- ARMS Reliability
The Truth About Deploying Global Maintenance Strategies for Like Assets
On the surface, developing best-in-class strategies for like assets and deploying these across an asset base seems a logical way to improve consistency and efficiency of maintenance while reducing cost and risk. However...
- Jason Apps
- ARMS Reliability