Site and plant operations are dynamic and ever-changing. To take control of asset performance, your asset strategies need to be dynamic too.
As operating context changes – such as production levels, asset duties, asset condition and age, availability of materials – asset strategy should also change to manage risk, cost and performance.
All too often, asset strategies don’t change, or worse - change in an unstructured way, exposing your organization to increased risk of catastrophic events and significant production impacts. If you want to see a step-change in asset performance, you need a dynamic data-driven approach to Asset Strategy Management (ASM).
Reduce Maintenance Costs.
ASM significantly reduces spend on reactive maintenance, ensures assets are not over-maintained, and carry a lower risk with fewer incidents. It leads to an overall reduction in maintenance spend, and a more assured way to manage your maintenance budget.
Effectively Manage Risk.
When maintenance strategies are changed without approval or if maintenance intervals and tasks executed differ from your agreed strategy, you're exposed to significant risk. ASM minimizes risk through workflow management, where unstructured, unauthorized strategy changes and risk are eliminated.
Boost Asset Performance.
ASM removes inconsistencies from asset strategies to ensure your assets are running at their full potential, enterprise wide. With ASM, you can easily align your maintenance strategies to operational and service level targets and deliver bottom-line results.
Asset Strategy Management for Reliable Performance.
Industry leaders follow an Asset Strategy Management process to build and quickly deploy optimal asset reliability strategies, then use data-driven insights to sustain peak asset performance ongoing.
A Guide to Asset Performance Management vs. Asset Strategy Management