It’s rather obvious to state that maintenance of assets results in a greater reliability of that asset. In asset management circles, a well-oiled machine is not just a metaphor. But with large engineering assets, sometimes the reliability of your asset relies on external providers, such as OEMs, as well as your own business. What happens to your asset maintenance plan when depending on suppliers as part of reliability?
It can be a juggle, for sure. The balance of maintaining assets in partnership with other can be fraught with complications. Typically, OEMs will provide a maintenance plan based on assumed uses of the component while in conjunctive service with the broader asset. Many readers will be aware that sometimes, the component’s predetermined service and maintenance plan from the OEM deviates quite differently to its in-service roles and environment, leaving a wide gap in the actual and assumed response.
However, an asset management plan that works and builds value for your business is achievable, and smoothly done through maintenance condition data. The value in collecting relevant maintenance condition data with appropriate levels of detail is instrumental in enabling asset managers to proactively manage assets.
The use of maintenance condition data is paramount to the cost-effective nature of your asset management plan. By optimising data, you can be assured that the right maintenance procedure is done at the right time, for the right reasons. The maintenance condition data also provides detailed information that is relevant to the components from an OEM.
It must be stated that a review of the maintenance condition data ought to be made frequently, and that communication between maintenance and operations with the asset manager is seamless. These will allow for more informed decisions to be made reflecting the asset management plan overall and ultimately building value for the organisation1.
Let us know how your asset management plans incorporate maintenance data. We’d love to hear from you, and we can even showcase the positive outcomes to our member base.
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1 Information for this post sourced from: Proactive Asset Management through Maintenance Condition Data, published in The Asset Journal Vol.14, Iss. 1