FREE WHITE PAPER

How to Drive Performance with Asset Management
Five Best Practices and Success Stories

Want to know how other companies drive results with Asset Performance Management?

Asset performance feeds your ability to perform through connected systems and departments; this drives business goals and as a result contributes to a lower Total Cost of Ownership (TCO) and to reaching output targets. The ability to execute APM and perform as desired, however, asks significant change.

Experts Share Best Practices

How can you actually transform your maintenance and asset management to sustainably improve business results? Experts Ernstjan Meinen and Marcel Hoekstra share their top five best practices based on many years of experience in asset management improvement programs in the Oil & Gas, FMCG, Manufacturing and Petrochemical industries.

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The whitepaper discusses five best practices

Leverage the backlog to improve maintenance workflow
One important indicator for having a good maintenance execution workflow is the maintenance backlog. If your backlog is low, your workflow is under control and your work orders have been planned, executed and logged correctly. Is your backlog high – and it stays high – then that should serve as a trigger to look closely at the cause. We share four tips to keep the backlog under control.

Realign roles and responsibilities
The ‘people-side’ of asset management is sometimes overlooked. An updated or new asset improvement strategy necessitates a re-evaluation of your team, their roles, competencies and responsibilities. We include a mini organizational fit/gap audit focused on roles and responsibilities.

Use your EAM system as a cost driver
Your Enterprise Asset Management (EAM) system is just one of the APM systems that enable you to achieve improvements. The EAM system facilitates people to do their jobs according to the processes set up and standards implemented. It allows you to measure progress and improve asset performance based on set KPIs. We share example metrics that drive a standardized way of working for maintenance and improved inventory management.

Do an EAM data check
A solid data foundation and effective governance practices are key elements to give accurate and complete data and outputs to make reports and gain insights for decision-making purposes. Having your data in order serves an essential purpose: to gain and keep control over your asset-based budget (OPEX). In this chapter we offer a mini data fit/gap audit about your asset data.

Anticipate change in culture
Culture is the underpinning heartbeat of your organization and initiating transformation with a company-wide program like APM disrupts its rhythm. If companies do not anticipate cultural change, you might end up with a case of arrhythmia that will threaten the success of asset performance improvements. Make a roadmap to transition your culture and work towards a common goal.

WHITEPAPER AUTHORS

FMCG CPG

Marcel Hoekstra

Sector Manager FMCG/ CPG &
Senior Consultant

Industrial engineer with 10+ years of experience,
EAM blueprinting and deployment expert

Oil Gas Data expert

Ernstjan Meinen

APM Consultant & Project Manager

7+ years of asset management experience in Oil & Gas, Maintenance &
Integrity Subject Matter Expert