Asset Productivity Articles
Much has been written about Industry 4.0 and there is little doubt that companies will increasingly leverage digital technologies to improve their bottom line. But what specifically does Industry 4.0 mean to your organization? What is the right level of effort for your enterprise to invest in digital transformation? Which new technologies should your organization incorporate into your business?
Post-COVID demand for goods in the United States is expected to create a significant challenge for manufacturers. In certain industries production demand could be boosted even more if a large federal infrastructure bill is passed.
Look up Reliability Engineer (RE) jobs on Indeed.com and you’ll find more than 20,000 openings listed. I would argue that emerging technologies are driving some of this huge demand, which raises some questions. Has the role of the manufacturing plant RE changed? What new skills and competencies are required and what do REs need to do to stay on top of the changes and continue their vital role in managing the life cycle of assets?
Why do maintenance departments need to “invest wisely” when hiring for a maintenance planner? Consider this: a skilled maintenance planner will save three hours in time and/or materials for every hour of effective planning. Having the right person in this position can mean the difference between an efficient planning and scheduling process and one that wastes time and money.
How to drive continual improvement through an impactful Corrective Action program
At its core, the Corrective Action (CA) process addresses issues or gaps that have been identified, develops a complete action plan to address those issues or gaps, and resolves them completely and verifiably. The CA process should be rigorous, consistent, repeatable, and accommodate a wide range of uses. Using a methodical approach, a CA process:
As I write this article we are in the early stages of economic recovery from the Covid-19 pandemic. Business leaders are asking “What can we do to recover?” and “What can we do to be better prepared in the future?” While the events of the last few months are still fresh in our minds we need to conduct after action reviews.
Asset-intensive organizations like manufacturing plants, industrial facilities, and public utilities depend on strong management of physical assets to reliably meet operational and financial goals. To implement an asset management strategy that will produce predictable, reliable, and sustainable results means the organization clearly understands how and where to make the best investments in its asset management system. These investments include designing for reliability and better reliability and maintenance work processes throughout the asset life cycle as well as training people at all levels of the organization.
If leading business experts, publications and websites are any indication, you know how critical innovative thinking is to your company’s future. But you may also feel frustrated with the approval process at your firm. You may have failed to get approval for great ideas in the past and that is negatively impacting your desire to propose new ideas in the future.
Asset-intensive organizations like manufacturing plants, industrial facilities and public utilities depend on strong management of physical assets to reliably meet operational and financial goals. Implementing an asset management strategy and system that will produce sustainable results clearly requires executive-level sponsorship. In organizational change leadership terms this translates to being an active and visible leader. So what does that mean for asset-intensive organizations seeking to improve their asset management strategies?
Asset-intensive organizations like manufacturing plants, industrial facilities and public utilities depend on excellent management of physical assets to reliably meet operational and financial goals. Many owners confuse a capital asset replacement plan (a reactive and costly strategy) with an asset management strategy that proactively reduces cost and risks while extending and maximizing the useful life of the assets