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