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How to Tailor your Asset Management Metrics for Different Audiences

How to Tailor your Asset Management Metrics for Different Audiences

One you’ve come up with the best measurement, chosen a score card, and started measuring your efforts, it’s time to report on it. But it depends on who the report is targeting as to what you should show and how you should present it. Whether you’re presenting metrics to your maintenance team, customers or management, there are different ways of effectively getting your message across. Here are my top tips for effectively presenting your metrics to different audiences in your ....

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On-Demand Recording: How to Move the Right Reliability and Asset Management Levers to Enhance Shareholder Value

On-Demand Recording: How to Move the Right Reliability and Asset Management Levers to Enhance Shareholder Value

Corporate senior executives have traditionally seen reliability and asset management levers as uninteresting and technical activities.  However, forward thinking organisations are learning that when these levers are moved, they can significantly enhance and sustain the shareholder value of the enterprise. Bob DiStefano is credited with being one of the earliest leaders to recognise and emphasise the links between corporate business performance and asset management. In his fascinating keynote at the Mainstream Conference in 2017, Bob dissected a company’s financial statements ....

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How to Uncover Improvement Areas Based on Your Asset Management Maturity Level

How to Uncover Improvement Areas Based on Your Asset Management Maturity Level

What’s the current level of your asset management program? Are you in the beginning stages? Is your program pretty good but you need improvement? Or do you already have a world-class program? Understanding where you are as an organisation is important as it will determine the right direction for your asset management improvements. If you are just starting out, there is no point trying to implement improvements as if you were a world class operation. And even if you already ....

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On-Demand Recording: How BlueScope Identified the Critical and Eliminated Waste Leveraging ISO 55000

On-Demand Recording: How BlueScope Identified the Critical and Eliminated Waste Leveraging ISO 55000

By removing the siloed approaches that exist in many plants, asset intensive companies can gain a comprehensive view of asset integrity across the entire facility. At the recent Mainstream Conference, Andrew Schweitzer, Cold Reduction Maintenance Strategist from BlueScope spoke about how the company broke down the requirements of ISO 55000 to identify and develop a strategy for their critical equipment.  In doing so they: Reduced volume of scheduled maintenance tasks by 50% at the Western Port plant Improved OEE performance Increased mean time ....

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The Stats Are In: Less Is More When It Comes to Maintenance Spending

The Stats Are In: Less Is More When It Comes to Maintenance Spending

What if I told you the top performing asset management companies spend less money on maintenance and get better results from an operations perspective. Sounds too good to be true, right? According to data from Solomon and Associates, this is absolutely the case. Solomon and Associates are the gold standard of benchmarking, particularly in the oil industry. 98% of the refineries in the world subscribe to the Solomon Study, and executives make decisions based on their standing in the Solomon ratings. ....

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