We previously released a checklist for you to self-assess where your organisation falls on the Asset Performance Management Maturity Model. Well, once you’ve undertaken an APM review, the next step is to determine how you can improve. So here are some steps you can start taking right away to level up your APM swiftly.
The words ‘unplanned downtime’ fill operations and management teams with dread. This is because unplanned downtime leads to huge costs for companies, particularly asset-intensive industries like manufacturing. In fact, the number is upwards of $50 billion a year industry-wide, according to recent figures.
An Asset Performance Management Self-Evaluation Checklist for Organisations
Good maintenance processes and maintenance tech (like condition monitoring) are the key to operational efficiency.
Machines function just like we do, and we need to use that to our advantage.
In today’s competitive world, everyone feels the pressure to improve operations and manage costs. Streamlining operations and finding efficiencies are some of the most pressing issues for employees at every level, from the maintenance teams on the plant floor to the C-suite.
As a society today, we’re running a race we can’t win. Not because we’re not running fast enough, but because we’re going in the wrong direction.
Asset management can be challenging and time-consuming, especially when you have hundreds of assets, of differing types, across multiple sites and/or countries. The MOVUS team understands the struggle and have been working hard to deliver a solution.
The adoption of smart monitoring technology in operation has reduced the stress for many water utility operators. Drives and motors in the industry are often old and outdated but are considered too expensive to replace, or put low on the priority list. Simply installing a smart sensor to continuously monitor machine condition would lead to greater efficiency and significant maintenance cost savings.
In the era of Industry 4.0, integration potential is a top priority for organisations looking to make the most of their data and technology stack. In this article, we briefly discuss what integration means in the industry 4.0 context and how manufacturers can become most efficient.