Tag Archives: Enterprise Asset Management

Asset Criticality and Risk Ranking – Recorded Webinar

Wouldn’t it be useful to know precisely how much time and resource should be applied to each of your assets?  With Asset Criticality, organizations are able to rate assets to determine how critical each piece of equipment is to areas such as safety, product quality, customer issues, environmental issues, and production.

During this 40 minute recorded session, guest speaker Terry Harris from Reliable Process Solutions LLC provides an overview of Asset Criticality and Risk Ranking and discusses how to:

  1. Derive the criticality rating for each piece of equipment
  2. Understand which equipment is important and critical to the process
  3. Assign resources and time based on equipment criticality value

Does Weather Affect Your Assets?

Energy Star logo Watching the news about the recent storms in the Midwest and Northeast got me thinking about the impact weather has on our lives and our surroundings. We all know that preparing for weather events is critical, but many times you just want to get through the event, not optimally sustain your environment. Yet sometimes you take overkill measures to avoid the most extreme dangers, such as stocking up food for a month as a blizzard approaches or building a bomb shelter to protect you against a hurricane. Seems a little excessive, right?

Do you use that same approach to your operations? Do you truly understand the impact of weather on your operations and the efficiency of your equipment? What maintenance practices can you employ to better sustain your equipment and its efficient operation through changing weather conditions and ensure that it gives you optimal availability, capacity, and quality? 

There are ways you can make it through tough seasons—and even thrive during these times. You can monitor how changes in weather affect your assets and incorporate those attribute measurements into your asset management strategy. Did you know with Infor EAM Asset Sustainability, you get embedded integration with the EPA’s Energy Star portal? It incorporates degree days into asset performance analysis to give you the insight and knowledge into how to maximize your operational efficiency, even when environmental conditions are not perfect.

How do you factor weather into your energy and asset management strategy? Leave a comment to this post with your thoughts and ideas.

Posted by Jay Ratliff, Manager, NA Business Solutions Consulting, Infor EAM and Public Sector

Maintenance as a Cost Center?

For the past 15 years, I’ve been living and breathing maintenance in a variety of management, consulting, and sales roles. I’ve certainly witnessed the evolution of technology throughout the years; however, there are some things that have remained the same.

What hasn’t changed? The way executives view their maintenance department, which can oftentimes be as a cost center. It seems the only time maintenance gets noticed is when a piece of equipment is down and production stops.

For those of you not in maintenance, consider this about your maintenance department and staff. If an organization lacks a proper maintenance software system, good procedures and practices, and knowledgeable technical staff to maintain the equipment, your assets’ health won’t get the attention it needs to operate efficiently. This lack of attention will ultimately lead to your equipment breaking down more often.

By investing in software, procedures, and technical staff, you can transition your maintenance operations from a reactive approach to a predictive or proactive approach. Your assets will cost less to operate and their failure rate will drop. The attitude toward maintenance will change, and you’ll see significant savings in productivity, inventory, and contract labor. 

If you can reduce your corporate operating costs by switching to a predictive approach to maintenance and add those bottom-line savings back to your net income, then perhaps maintenance can be viewed as more than a cost center.

Need help getting started? Please leave a comment to this post with your thoughts and ideas or send me an email, and I can help walk you through improving your operations and managing your equipment.

Posted by Johnny Bofilios, Director, Global Asset Sustainability, Infor

The Enterprise Energy Asset Management Benefits

Data gathered by companies from its energy systems will be used to analyze energy efficiency to help decision makers take action on improving its energy facilities and procedures. With the Climate Registry pressuring companies to reduce energy use, carbon emissions will be reduced to eventually help reduce global warming potential (GWP).

Facilities, companies, municipalities and organizations across North America, its’ states, provinces, territories and native sovereign nations, participate in a voluntary agreement. The Climate Registry works towards a common goal to identify, track and record greenhouse gas emissions. This is an ongoing effort to help in the reduction of global warming.

Emissions reporting is an important element included in the Climate Registry. The standardized procedure calls for companies to identify harmful emissions and to establish methods to manage them. Current and future greenhouse gas emissions can be managed, with the goal of reducing the company’s carbon footprint.

Within an electrical distribution grid, energy asset management covers all sources — distributed generation of energy, energy storage devices and renewable energy sources. As constant, real-time monitoring of indirect and direct sources is required, asset management software is indicated as these programs can best handle multiple sources and locations around the world.

In addition to tracking real-time energy use, greenhouse gas emissions from specific energy related assets can be tracked by efficient energy asset management. Included with this are HVAC systems, refrigeration, lighting, vehicle and transport, among many other types of equipment. Energy reduction efforts can be tracked in this way.

Protocols are provided by the Climate Registry to assist in energy asset management programs. These guidelines include an in-depth analysis of asset specific attributes linked to energy use. For a more accurate measure of harmful emission sources and energy sources, automated programs are highly recommended. The software programs can provide a greater oversight, and an hourly record of asset energy consumption.

Short and long-term objectives are defined through energy asset management with regards to energy consumption. Opportunistic areas are revealed and a plan of action can be put in place. Considering that energy is one of the top three largest operational expenses of any enterprise, any company’s goal would be to reduce energy risk and improve performance in its operations. Energy risk factors associated with design and operation can be identified as part of a comprehensive plan to manage all energy sources.

Elements which create practical opportunities for companies can be combined with any asset management program which can help monitor and save on energy use. Several things are achieved, including energy reduction, cost control and for all environmental health.

The Sustainability Resource Planning (SRP) platform delivers a broad range of enterprise solutions to over 40 global clients with a service network of over 7,500 consultants consisting of 65,000 application users. Verisae’s software manages, and monetizes energy costs and carbon emissions while providing a rapid ROI. Learn more at http://www.verisae.com/articles.

Author: Daniel Stouffer
Article Source: EzineArticles.com
Panasonic Lumix G2

Are You Generating Your Own Electricity?

To say that there’s a lot of interest in cloud computing today is probably a gross understatement. Both Forrester Research and Gartner are predicting that more than 40% of companies will get most of their software from the cloud by 2015, up from 3% today. This represents a 1,400% increase in just four years. So what’s driving this rapid adoption of the cloud?

The best analogy might come from the past. At the turn of the last century, every company that needed electricity to run its business used its own generators to create power. This was a natural evolution from the water wheels and other mechanical solutions used before the invention of electrical power. But this approach required capital expense, installation effort, and continual maintenance, and it wasn’t very efficient at a macro level. Generating electricity also wasn’t the core of these businesses. Companies generated their own electricity because that was their only option at the time. 

It didn’t take very long before some bright individuals realized that they could offer a much more efficient, flexible, and economical solution by creating a “network” for delivering power. By having a network in place, fewer locations could generate power at much larger capacities, leveraging huge economies of scale. Teams that were 100% focused on power generation could operate these central facilities, relieving their customers from having to develop their own power generation expertise. It also allowed their customers to avoid the significant capital and maintenance expense that came with owning their own power generators. With a power grid (network) now in place, companies quickly moved from generating their own power to buying power-as-a-service.

Fast-forward 100 years. Most companies have their own data centers, servers, storage solutions, and backup solutions that require capital expense, installation effort, and continual maintenance, and they aren’t very efficient at a macro level. But now with the Internet (network) in place, there are a few software and service companies such as Salesforce, Amazon (AWS), Microsoft (Azure), Google, Savvis, and Infor that are following in the footsteps of the Edisons. They’re building huge industrial data centers that are much larger, more capable, and more available than what companies need and can afford to build for themselves. These providers are leveraging significant economies of scale and labor that come with multi-tenant solutions. Teams focus 100% of their time on managing and maintaining the equipment and software, allowing customers to avoid the significant capital and maintenance expense of owning their own data centers and servers. With the Internet now fully in place, companies are quickly moving to buying Software-as-a-Service.

Does this mean that all software will now be consumed as a service? Probably not. Some companies today still generate their own power because of their special business needs. But it does mean that a rapidly growing number of companies will probably move most of their solutions to the cloud as the analysts predict. Remember that companies 100 years ago really didn’t want to generate their own power. They just wanted the electricity. Today companies don’t want to generate their own software solutions. They just want the functionality.

Now you have a choice. Are you ready to quit generating your own software delivery solutions and move to Software-as-a-Service instead? I’d love to hear your feedback. Please leave a comment to this post.


Posted by Jim Plourde, Vice President, SaaS Systems, Infor

The Hardhead of a Maintenance Man, by Guest Blogger Joel Levitt

eMaint invites guest speakers to present at our popular Best Practices webinars, so why not have them give their two cents on our blog as well. It is our hope to feature a guest blogger, whether it’s an industry professional or an eMaint employee, each month.

Feel free to suggest topics you’d like to have discussed or let us know how useful these blog posts are.

The Hardhead of a Maintenance Man

This may be challenging to you. But why on earth are maintenance folks so hardheaded?

Actually it turns out to be a smart trait. Maintenance folks are hardheaded because they are (sometimes) speaking into intentional (and potentially contagious) ignorance! When you have to do that day in and day out you get hardheaded. Just to do your job (preservation of asset capacity) you have to be hard headed.

What are the symptoms of working in a company suffering from intentional (and potentially contagious) ignorance? Some of the main symptoms concern consequences. What to look for is a wholesale lack of appreciation of consequences.

•When we run equipment beyond its limits there will be consequences.
•When we allow operators run machines without adequate training there will be consequences.
•When we refuse to shut down for a well-designed PM there will be consequences.
•When are stockroom is depleted of expensive critical spares because they have not been used there will be consequences.
•When we do a temporary repair and never get back to fix it right, there will be consequences
There is a dark side to hardheadedness- inability to admit a mistake. Hardheadedness works so often it is very hard to admit when the reality goes against us. It gives us a reputation of being hard to work with and allows us to get away with not listening.

The truth is that sometimes the business necessity trumps good maintenance practice. Boy is it tough to tell when it does. In fact the only way to tell is by listening to our comrades in arms (operations). But that is a whole different story.

To complete this story be aware that hardheadedness is a valuable trait. It is most powerful when it is tempered by the ability to really listen to people and always consider that we might really be wrong! Oh yes and get over ourselves!

About the Author: Joel Levitt President of Springfield Resources

Joel Levitt is a leading maintenance educator and has trained more than 15,000 maintenance leaders from 3,000 organizations in 20 countries. Since 1980 he has been president of Springfield Resources, a management/consulting firm that has developed solutions for clients with a wide range of maintenance issues. Joel is a frequent speaker at maintenance and engineering conferences, has written 10 popular books, and has published over 6 dozen articles on the subject.

A Brief Overview of EAM Asset Management

EAM, or enterprise asset management, involves the management of an organization’s physical assets, capital, as well as its back office system. This basically translates into the management of all processes of an organization including manufacturing, inventory, shipping, distribution, and logistics. Since it deals with the processes involved in the functioning of a company, it is often referred to as the back office system.

An efficient enterprise asset management solution can, for an organization, be the single most vital tool in uncovering hidden costs and preventing operational surprises. By optimizing maintenance resources, increasing inventory efficiency, and improving employee and equipment productivity, EAM enables organizations to save both time and money.

In certain cases, enterprise asset management scores over computerized maintenance management system software. Although the CMMS software significantly decreases expenses and brings up overall productivity, it might fall a little short on efficiency when it comes to large enterprises. In such cases, since the organization’s size and expenses are both much larger, they become difficult to track and manage. EAM, on the other hand, is capable of taking into account a comprehensive view of all the assets in an organization, like staff, physical buildings, inventory, and equipment. EAM allows for a constant monitoring of all equipment, and a tracking of quality control, purchasing, shipping, and accounting procedures. Also, since the EAM provides a more comprehensive view of the company’s assets, it becomes easier for facilities or manufacturing departments to decide where the problems actually are, where it is possible to make changes, and where costs can be reduced so as to give the production and profitability a boost.

Enterprise asset management software will be able to lower your company’s production and transportation costs, inventory costs, as well as ordering costs. If you are planning to get such software, you need to give thought to a few things first. To begin with, EAM software has a wide scope of activities. As a result, it is bound to take quite a bit if time and resources before it can be implemented successfully. Also, while buying the product, you need to make sure that you purchase it from a company that is stable, will be around in the next 5 years, and offers good tech support and training.

EAM software can be particularly helpful in service sectors like hospitals, banks, government departments such as defense, as well as manufacturing industries. To get the best enterprise asset management solutions for your organization, visit facilligence.com.

Facilligence provides end-to-end EAM Asset Management solutions that combines full-featured maintenance management functionality. visit http://www.facilligence.com.

Author: Winston Jenkins
Article Source: EzineArticles.com
Import duty tariff

Getting Lean with Better Performance Maintenance and Tracking

The best way to get fit and stay fit is to maintain an exercise regimen and eat less junk. The same is true for your plant and equipment. By implementing a planned maintenance program and identifying maintenance waste items, you can create an environment where lean maintenance and lean manufacturing coexist. In the long run, you could improve reliability, realize significant gains in process efficiencies, and reduce the costs of maintenance activities.

Read how one food and beverage manufacturer has done just that.

Have you implemented lean strategies to leverage the full value of your assets? What maintenance regimens do you have in place to address equipment and plant repairs? Are you implementing lean on the factory floor? We’d love to hear your thoughts and ideas. Please leave a comment to this post.

EAM User Conference: Registration is Open

In case you missed the announcement, the Infor EAM Customer Forum 2011 will be held in Greenville, South Carolina, November 7–10, 2011. That’s right, Greenville, SC—the world center for all things Infor EAM (formerly Datastream). Join us at the largest gathering of EAM users and product experts, and participate in over 80 hours of sessions dedicated to EAM. Take advantage of the hands-on lab, which will be open during the entire conference.

If you’re an Infor EAM customer and want to learn best practices on maintenance, reliability, and energy efficiency—or you simply want to get more out of your Infor EAM investment—you can’t miss this event. Take a minute to visit the conference website and register to take advantage of the Early Bird discounted rate. The entire Infor EAM team looks forward to connecting and collaborating with you in Greenville.

Predictive Technologies Enhance Equipment Reliability

I’m a Weather Channel junkie…I’m fascinated by weather in general and how it affects our lives, every day, all around the globe. What’s even more fascinating to me is how the meteorologists are able to accurately (well, almost always) predict weather conditions for nearly every corner of our planet, days—sometimes weeks—in advance.

Thousands of years ago, people simply watched the sky to determine weather patterns. As the centuries progressed, so did meteorological technology. Now armed with satellites, computer modeling, and analytic skills, meteorologists have the tools they need to report accurate forecasts to help us plan our days and not get caught in a rainstorm without an umbrella.

Weather forecasting got me thinking about predicting asset conditions—even imminent failure—and the tools that we have at our fingertips to help avoid problems. Having the right tools to monitor and measure the condition of your assets can help detect when changes occur in an asset’s condition and enable you to predict and address problems before they occur (like take an umbrella to work when there’s rain in the forecast). Just like meteorological technology, the tools and technologies used to monitor assets have increasingly become more sophisticated and give us a real-time view of how they operate on a daily basis.

Sheila Kennedy of Plant Services wrote this great article about advancements in predictive tools and products being delivered by a number of companies, including Infor. The tools feature improvements in connectivity, usability, portability, and affordability.

What technology and/or tools do you use to monitor your assets and circumvent problems? What advances have you seen in the evolution of monitoring processes and analysis? I welcome your thoughts and ideas.

Posted by Scott O. Hall, Account Manager, Professional Services, Infor EAM