Asset management excellence : optimizing equipment - download pdf or read online

By John D. Campbell, Andrew K.S. Jardine, Joel McGlynn

Throughout the 8 years because the booklet of "Maintenance Excellence: Optimizing apparatus Life-Cycle Decisions", the company surroundings has replaced vastly. Globalization, consolidation, and adjustments in expertise problem asset administration and upkeep execs to be extra effective. Globalization and consolidation were fairly instrumental within the adjustments in upkeep standards, Read more...


Globalization, consolidation, and alterations in expertise problem asset administration and upkeep execs to be extra effective. This publication presents insurance of management matters, the Read more...

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Sample text

By ignoring important categories, the company leaves its management to either chance or unstructured processes. By not taking a whole view of the portfolio, the company may have difficulty prioritizing investment or cost-savings decisions. In a traditional model, where different categories are managed separately, it can be near impossible to weigh decisions against one another. For example, a cost-reduction effort may be horrifically executed if the decision maker cannot balance equipment cost and equipment repair in the same analysis.

But we are more likely to visit the doctor when we are ill and expect to have whatever ails us remedied in quick order. Similarly, a physical asset manager is more likely to inherit a plant that is struggling to meet safety, production, and cost objectives than to inherit one where all systems are in control. This situation requires the manager not only to start his or her work from the bottom up but also to understand how each step contributes to the overall plan and moves the organization in the direction intended.

Parkes, D. Maintenance: Can it be an exact science? In: A. K. S. Jardine, Ed. Operational Research in Maintenance. , 1970. 3. Kelly, A. Maintenance and Its Management. Farnham, England: Conference Commun­ ication, 1989. 4. Moubray, J. M. Reliability-Centered Maintenance. 2nd ed. Oxford, England: Butterworth Heinemann, 1997. 5. Campbell, J. D. Uptime: Strategies for Excellence in Maintenance Management. Portland, Oregon: Productivity Press, 1995. 6. IBM Global Business Consulting, AMcoe, 2006. 7.

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