March 2019

Focus on: Maintenance Software/Asset Management Maintenance Matters organisations can gain a comprehensive, holistic view of asset integrity for the entire business, aligning processes and resources to put the emphasis on total business impact as opposed to localised, short term, often competing priorities. Standards have the ability to inject some much-needed discipline to asset management throughout the business, increasing cooperation among all areas of the business, from board to shop floor, enabling organisations to make decisions in the best interests of the business, in line with the strategic vision for the company. Global benchmarking Standardisation also has a crucial role to play when it comes to optimising asset management across multiple sites. With standards in place, businesses can set the benchmark for performance across all locations, a welcome ability in an increasingly globalised business world. As well as facilitating a sound understanding of what is and isn’t working in one site, the adoption of asset management standards provides asset visibility across multiple plants and locations, bringing previously hidden asset management insights to light and encouraging best practice across multiple plants and locations by benchmarking with other sites in the organisation. This benchmarking can help to de-risk a business as well, both operationally and financially. An asset issue in one location can be prevented from happening in other sites as steps can be taken to mitigate against it before it even has a chance to take hold, with the provision of enhanced asset oversight greatly reducing the potential for failure or mishap in other locations. Similarly, when it comes to suppliers, if there is an issue with a supplier to one particular facility, asset management information can be again used as a company- wide benchmark, enabling a direct comparison to be made with alternative suppliers elsewhere in the business. External communications Not only beneficial from an internal communications point of view, the adoption of asset management standards aids communications with external agencies and other interested parties, acting as an important method of communicating the effectiveness of asset management programmes. Having internationally recognised standards in place can help convince regulators, stakeholders and customers that a business is following best practice not only in terms of asset management, but due to the comprehensive nature of the standards, best practice in safety, risk mitigation, reliability and profitable asset operation as well. The ability to specifically demonstrate how a business is using an ISO standard, highlighting efficiencies brought about via standardisation, can also inspire confidence in investors, convincing them that investments in asset maintenance and management is money well spent. With modern asset management programmes having outgrown the spreadsheet- based records of old, with no spreadsheet in the world capable of capturing, let alone processing the immense amounts of data involved in today’s business operations, the need to adopt standards in asset management has never been more pressing. Adherence to the right standards can have a dramatic and direct impact on the bottom line, keeping businesses one step ahead of the competition and standing them in good stead to weather any future economic storms. ki acr Asset T tner ar tion P oma ut our Global A Y ng e herw hen y ta, w Da ant it! ou w y ant it, ou w QRLWFHWHGHUXWVLRPJQLGXOFQLVUHLUUDFDWDGWVLODLFHS6 & RWSXVUHLUUDFDWDGHJQDUHUXWDUHSPHWGHGQHW[( VGDHKHWLUZGDHUGQDVUHLUUDF)+8)+ YH'3'68%,)253URIVHFDIUHWQLKWLZWQHPQRULYQHORUWQRFRWQLQRLWDUJHWQLHOSPL6 VGHHSVQRLWDFLOSSDUHKJLKQRGHVDEQRLWFXGRUSWQHLF¿IHHUR0 CK R . romTU tion a or industrial A f Advantages utom f G¿U el T : 01268 Wic Ble uT 3,WH1UHKW(2,7(1,)2533&7VXEGR0WHQUHKW(WH1HFL .co.uk .turckbanner www NXRFUHQQDENFUXW# 578888 1 8YT kford, Essex, SS1 nheim House, Blenheim Court, k Banner Ltd. cr