Almost every maintenance manager has thought to themselves, “there has to be a better way to achieve this goal,” only to realize the organization and its governance are critical to the successful implementation of improved physical asset management. For those of you with a vision of improving physical asset management within your manufacturing operations, perhaps the largest threat to successful implementation are the past practices which have already been widely accepted and deployed.

Supply and demand out of phase, finished goods and raw materials supply chains disrupted, energy costs instability, and skilled workers shortages are all common concerns across the globe. Solutions for relief are paramount. In these troubling times of global financial uncertainty any improvements in how we operate our equipment is sought. It is said that the product of asset management (AM) is reliability, that is, poor management equals poor reliability and good management practices will provide good equipment reliability.