Asset Management, at its core, is about the optimal financial management of physical assets. It is about optimizing performance while balancing cost and risks over the life cycle of an asset.
Obviously, it’s not as simple as that and there are many different variables that go into successful asset management, including asset design, construction/ procurement, scheduling, planning, budgeting, lifecycle management and so forth.
All of these variables play a key role but at the end of the day, the management and usage of those physical assets must be in line with the financial goals of the organization.
Maintenance by its very nature is a mobile function, since equipment, facilities, and fleets tend to be distributed across one or multiple sites. Maintenance technicians and engineers should have r...
The below graphic from Reliabilityweb.com, organizers of last month’s 33rd Annual International Maintenance Conference, was recently posted online regarding what leading IT reports ignore regardi...
Maintenance is a challenge. It is even more difficult when your organization is putting pressure on your team to reduce costs, while still increasing asset uptime.
As a maintenance technician, you...
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