How Much Maintenance is Enough, and How Much is Too Much?

Posted by Dan Miklovic on Mon, Mar 30, 2015 @ 11:07 AM

One of the prime reasons for pursuing asset performance management (APM) is to optimize the availability and reliability of your assets while minimizing risk and costs. It is the primary reason companies decide to move beyond reactive maintenance. There always seems to be the delicate balance between not enough maintenance and too much maintenance. Either way, unexpected failures can not only lead to lost productivity and unexpected costs, they can result in far worse consequences, including being in the spotlight in national or international news.

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Tags: Asset Performance Management, Maintenance

APM: The Ultimate Reputation Management Tool in Oil & Gas

Posted by Dan Miklovic on Tue, Mar 17, 2015 @ 10:51 AM

Recently, when gasoline was available in some places in the U.S. for under $2/gallon most people were enjoying the extra money in the economy and the petroleum industry didn't capture very many headlines. Now that gasoline is headed back to $5/gallon in some places, like California, the industry is once again in the news, and usually not in a favorable light.

Several things have led to the recent spate of news reports about the industry. First of all there is the strike that has affected production; then the California refinery accident that reduced refining capacity for the state, and is impacting the West; and finally, transportation issues and accidents that really don’t impact prices much but certainly don’t help the industry's image with the public. The petroleum industry needs to take a step back and focus on Asset Performance Management (APM) to address not only its operational issues, but also buoy its public image. Below, I'll discuss why APM is a critical tool.

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Tags: Asset Performance Management, Maintenance

Finding the Right Asset Performance Management Solution

Posted by Dan Miklovic on Wed, Feb 25, 2015 @ 10:42 AM

Asset performance management (APM) is a broad area in that it deals with ensuring all assets a business uses in the actual production of its goods or uses to produce a service, such as in a transportation company, are operating optimally.

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Tags: Asset Performance Management, Maintenance

Why APM Matters Most in Mining When Prices are Low

Posted by Dan Miklovic on Tue, Feb 17, 2015 @ 10:58 AM

With metals and other mining commodity prices near record lows, this century miners are focused on cost cutting and minimizing investments. Typically this cost cutting comes across the board impacting all areas--including maintenance expenditures, particularly for new technology.

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Tags: Asset Performance Management, Maintenance

Why You Need to Get Rid of Dead MRO Inventory

Posted by Dan Miklovic on Tue, Feb 03, 2015 @ 11:25 AM

Asset performance management (APM) has many aspects beyond just the real-time elements associated with condition-based maintenance (CBM) and reliability-centered maintenance (RCM).

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Tags: Asset Performance Management, Maintenance

CES 2015 Features One Tech (Not the IoT) that Will Change APM

Posted by Dan Miklovic on Mon, Jan 12, 2015 @ 09:33 AM

Every January, the electronics industry and its partners all gather in Las Vegas for the Consumer Electronics Show (CES). This is where the vendors of smartphones, TVs, tablets and other consumer electronics unveil their next-generation products. CES provides the venue that consumer electronics suppliers, including automotive companies, software vendors and classic entertainment electronics suppliers use to build momentum for what they perceive to be the hot new trends in the coming year.

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Tags: Asset Performance Management, Internet of Things, Maintenance

4 APM New Year's Resolutions for 2015

Posted by Dan Miklovic on Mon, Jan 05, 2015 @ 11:04 AM

Welcome to 2015. Hopefully your holiday season went well and you are ready for an exciting year in the asset performance management (APM) space. Our end-of-year predictions for APM and our New Year wish for APM practitioners should give you an idea of what technologies and process improvement trends to expect in 2015.

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Tags: Asset Performance Management, Maintenance

Is It Possible to Over-Automate Your APM Processes?

Posted by Dan Miklovic on Thu, Nov 20, 2014 @ 09:01 AM

During a recent visit with a manufacturing client, I toured their facilities management control center. This particular manufacturer’s facilities occupied numerous buildings on quite a large amount of land with all the expected utility and support functions. The central facility monitored the HVAC systems, electricity, water, natural gas, wastewater, compressed air, steam, and virtually every other building and manufacturing utility you can imagine.

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Tags: Asset Performance Management, Maintenance