Asset Productivity Articles
How to Establish a Project Governance Process
It had been a long two days at the corporate headquarters and Lesley had a lot of information thrown at her but the statement from her boss, the VP of Manufacturing, is what kept echoing in her head.
“We are very disappointed in your team’s ability to execute on its commitments.”
It wouldn’t have stung so much if it was incorrect. As a Plant Manager, Lesley had the same concerns her boss had vocalized. She tried her best to follow up on projects and initiatives in the midst of the daily whirlwind of activity, but it wasn’t effective enough and time was passing quickly. Three quarters of the year was gone and her team had only spent five percent of its capital budget. Several corporate initiatives that her team had committed to implement had yet to start. Most troubling, some projects that were critical to implement because they drove financial gains had been started, but for a variety of different reasons the projects were not completed nor did they deliver financial gains.
Can you trust your data analytics? Use these tips to check your data integrity
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How to Align an Industry 4.0 Strategy with your Asset Management Strategy
Much has been written about Industry 4.0 and there is little doubt that companies will increasingly leverage digital technologies to improve their bottom line. But what specifically does Industry 4.0 mean to your organization? What is the right level of effort for your enterprise to invest in digital transformation? Which new technologies should your organization incorporate into your business?
Preparing for Post-COVID Demand
Post-COVID demand for goods in the United States is expected to create a significant challenge for manufacturers. In certain industries production demand could be boosted even more if a large federal infrastructure bill is passed.
Has the Role of the Reliability Engineer Changed?
Look up Reliability Engineer (RE) jobs on Indeed.com and you’ll find more than 20,000 openings listed. I would argue that emerging technologies are driving some of this huge demand, which raises some questions. Has the role of the manufacturing plant RE changed? What new skills and competencies are required and what do REs need to do to stay on top of the changes and continue their vital role in managing the life cycle of assets?
Six Attributes to Look for When You Hire Your Next Maintenance Planner
Why do maintenance departments need to “invest wisely” when hiring for a maintenance planner? Consider this: a skilled maintenance planner will save three hours in time and/or materials for every hour of effective planning. Having the right person in this position can mean the difference between an efficient planning and scheduling process and one that wastes time and money.
Corrective Action for ISO 55000
How to drive continual improvement through an impactful Corrective Action program
At its core, the Corrective Action (CA) process addresses issues or gaps that have been identified, develops a complete action plan to address those issues or gaps, and resolves them completely and verifiably. The CA process should be rigorous, consistent, repeatable, and accommodate a wide range of uses. Using a methodical approach, a CA process:
Is it Time for an After-Action Review of your Business Continuity Management Plan?
As I write this article we are in the early stages of economic recovery from the Covid-19 pandemic. Business leaders are asking “What can we do to recover?” and “What can we do to be better prepared in the future?” While the events of the last few months are still fresh in our minds we need to conduct after action reviews.
Asset Management Strategy: Creating a Business Case for Change
Asset-intensive organizations like manufacturing plants, industrial facilities, and public utilities depend on strong management of physical assets to reliably meet operational and financial goals. To implement an asset management strategy that will produce predictable, reliable, and sustainable results means the organization clearly understands how and where to make the best investments in its asset management system. These investments include designing for reliability and better reliability and maintenance work processes throughout the asset life cycle as well as training people at all levels of the organization.
Five Actions to Win Your Bean Counter’s Approval
If leading business experts, publications and websites are any indication, you know how critical innovative thinking is to your company’s future. But you may also feel frustrated with the approval process at your firm. You may have failed to get approval for great ideas in the past and that is negatively impacting your desire to propose new ideas in the future.
