Content: The Missing Piece of the Asset Information Pipeline

asset

The Information Challenge Good information is the holy grail of asset management. We’re all looking for complete, accurate, and up-to-date information to make informed business decisions that will improve asset performance, reduce risk, and lower costs. In this quest, many asset-intensive organizations have invested heavily in asset information systems over the last twenty years. Yet, … Read more Content: The Missing Piece of the Asset Information Pipeline

ISO 55000, IIoT, and EAM: Solving the Asset Management Puzzle

MRO BOM

Harnessing the potential of physical assets After human assets, physical assets are a company’s most important resource. They have a huge impact on service delivery, business objectives, and the bottom line. Manage them poorly and the whole business suffers. Manage them well and they become a cornerstone of value creation. Yet many organizations take their … Read more ISO 55000, IIoT, and EAM: Solving the Asset Management Puzzle

Eliminating Equipment Failures with EAM

Equipment Failures

“The best way to predict the future is to study the past.” – Robert Kiyosaki This is especially true when it comes to preventing equipment failures.  A high percentage of equipment issues reoccur. Approximately 70 to 80 percent of corrective maintenance happens again. History repeats itself. Why not learn from it and use that knowledge to … Read more Eliminating Equipment Failures with EAM

Systematizing Your Asset Management Operation

asset management system

In the movie Deliverance, Burt Reynolds’s character says “Sometimes you have to lose yourself before you can find anything.” That statement is never more true than in discussions about asset management. When you’re focused on what you already know, it’s easy to miss a better way of doing things. When it comes to asset management, … Read more Systematizing Your Asset Management Operation