Asset Management / Life Cycle Cost

Asset Management

Revolutionizing Reliability and Maintenance through Production Automation

In the fast-paced world of manufacturing, the integration of production automation has become a transformative force, reshaping industries, and redefining the way businesses operate. One of the key areas where automation demonstrates its prowess is in enhancing reliability and maintenance processes. By leveraging advanced technologies, artificial intelligence, and smart systems, production automation is ushering in a new era of efficiency, cost-effectiveness, and minimized downtime.

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bearing lubrication
Preventive Maintenance

6 Simple Tips for Lubrication Success

Grease and oil are the key lubricants used throughout industry to reduce friction between metal parts. Lubricants can only reduce friction if their immediate environment sustains their lubricating properties. Once the operating conditions are known, a suitable lubricant with the right properties can be used. When the lubricant is in place it is necessary to maintain the environment and the machine to the specified design standards and protect it from changes to the design conditions. There are six key factors to address for trouble-free life where grease or oil lubrication is used on machinery.

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business metrics
Asset Management

Failed Business Metrics

If the business metrics that you are putting your focus, time, and energy into are not driving your business then you must ask if those metrics are failing your business. A successful metric should be growing your business; that means improving your equipment reliability, increasing your customer base and improving customer experience, maximizing your output margin and profitability, and optimizing your workforce.

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using predictive maintenance on tablets
Asset Management

Predictive Maintenance in the Aftermarket: Extending Machine Lifespan and Sustainability

In today’s fast-paced and consumer-centric world, ensuring the extended lifespan of machines is of paramount importance for both manufacturers and consumers. Not only does a longer machine lifespan contribute to customer satisfaction, but it also plays a pivotal role in reducing waste and fostering sustainability. One exceptionally potent tool that has emerged to address this critical objective is predictive maintenance in the aftermarket.

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using CBM to check equipment
Condition Monitoring

Does Condition Based Maintenance (CBM) Improve Reliability?

Condition-based maintenance (CBM) is a maintenance strategy that focuses on monitoring the condition of equipment to determine when maintenance actions should be performed. While CBM can be effective in reducing unplanned downtime and optimizing maintenance activities, it alone does not address the root causes of failure and may not lead to long-term improvements in machine reliability. Here are a few reasons why CBM, on its own, may not improve reliability.

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zero-based budgeting in SAP
Asset Management

Zero-Based Budgeting in SAP

Asset Managers are expected to provide an annual budget and periodic cost reporting against that budget. Traditionally creating a budget has been mostly guesswork and is justified by previous year’s budgets with an inflation adjustment. There is no opportunity for improvement, and often senior management will request cost cutting due to economic conditions, making it difficult for the maintenance manager to argue a case for maintaining their budget. A better approach that supports continuous improvement and enables the maintenance manager to control and justify costs is to use zero-based budgeting in SAP.

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diagnosing a bent shaft with vibration analysis
Condition Monitoring

Diagnosing a Bent Shaft

Diagnosing a bent shaft with vibration analysis is easy to do, especially when you can visualize its movement using 3D animations. Vibration patterns for different faults can look similar to each other. This is why it is always best to start with the machine, consider what faults are most likely and then take data in the proper test points and axes to find the most likely faults. It can get complicated, but 3D animations make it easier to visualize what is going on.

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Asset management system
Asset Management

Asset Management Strategy: Detail Doesn’t Come from a Summary

The way your asset management system is set up and used, particularly the asset register, will play a major role in determining the ability of your maintenance organization to effectively operate. Data must be gathered at the appropriate level to allow it to be used, then summarized and reported on if necessary.

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