Sometimes, asset-intensive companies work with a third-party contractor to assist with a BoM building project. There are quite a few reasons for this. For one, building BoMs are expensive. Much time, resources, and expertise are required for successful completion, and not every asset-intensive company may possess the required expertise. In this case, it would make sense for these companies to outsource their BoM building rather than embarking on a project without adequate resources.
- Adanna Anyalachi
As we talk to others in the reliability industry, we’re occasionally confronted with the viewpoint that asset health and condition monitoring is a cure-all when it comes to preventing asset failure. Understandably, people like the idea that they can continuously monitor their assets and only intervene or perform maintenance when there’s degradation. However, what seems ideal is not always practical, and there are limitations to what can be achieved through monitoring.
- ARMS Reliability
Pareto analysis is one of the simplest yet most powerful techniques you can use to find out which items of equipment are consuming your resources. In this brief presentation, we will explain the benefits of the technique, and briefly, how you use them.
- Jason Tranter
- Mobius Institute
Machine learning is a tool that allows systems the ability to learn and improve automatically based upon experience. Machine learning does not need specific programming to carry out an activity. Machine learning is the development of computer programs that can access data, and through a series of algorithms use the data to learn for itself what action should be taken based on that data.
- Michael Howard, DSc
The way to achieve Maintenance Excellence. Many companies and organizations prepare periodic reports to monitor performance which include tables and charts of key performance indicators, but many of these reports are not used optimally as required to achieve the desired goals.
- Alaa Omar
- Egyptian Natural Gas Co.
Preventive and predictive maintenance may achieve the same goals (healthy assets), but only one keeps costs reined in while improving maintenance as a business value driver.
- Frederic Baudart