Complete Maintenance Systems Audit Guide
A Comprehensive Maintenance Systems Audit Guide. This Comprehensive ‘Maintenance Systems Audit Guide’ is an amalgamation and tidy up of 5 […]
Better Asset Management
In order to achieve Better Asset Management, a company must first determine whether this responsibility falls solely on the Maintenance Manager or if it is a shared goal for the entire organisation.
To understand who is responsible for what in terms of ‘Better Asset Management’, you must first investigate what it entails. You will need to distinguish between what it means to company employees and current best practices before developing your own criteria on the subject.
You will need to determine which departments can make a positive contribution, as well as the key actions you propose for the maintenance department to take in order to meet this goal.
Better Asset Management, in my opinion, is a shared responsibility across a company’s various departments, rather than just the Maintenance Manager’s duty.
It entails optimising the entire asset lifecycle to maximise value, performance, and longevity while minimising costs and risks.
Several departments can contribute to improved asset management such as:
1. Finance: Budgeting, cost analysis, and ROI calculations.
2. Operations: Proper asset utilization and reporting issues.
3. Procurement & Warehousing: Sourcing quality assets and parts and quality materials management processes.
4. IT: Implementing and maintaining asset management software.
5. Human Resources: Training staff on asset care and management.
6. Quality Control: Ensuring assets, components and materials used in maintenance meet performance standards.
7. Engineering: Designing for maintainability and reliability.
8. Executive Leadership: Setting asset management policies and goals.
As for the maintenance department, below are 16 main things they should do to achieve Better Asset Management:
1. Implement a robust Computerized Maintenance Management System (CMMS)/Asset Management System/Enterprise Resource Planning System and use it to its full potential.
2. Develop and maintain a comprehensive asset inventory
3. Establish a preventive maintenance program with people dedicated to maintenance strategy development.
4. Utilize condition-based monitoring techniques and couple this with predictive maintenance technology.
5. Conduct regular equipment inspections and audits.
6. Analyze asset performance data to identify trends and issues.
7. Prioritize maintenance tasks based on criticality and risk.
8. Develop and follow standard operating procedures for maintenance activities.
9. Train maintenance staff on best practices and new technologies.
10. Collaborate with other departments to align maintenance with business goals
11. Implement energy efficiency measures for assets.
12. Conduct root cause analysis/tap root investigations for equipment failures.
13. Optimize spare parts inventory management.
14. Document all maintenance activities, ensure tradespeople provide completion information in the work order and have the reliability engineering team reviewing these comments.
15. Regularly review and update maintenance strategies based on performance data.
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