Drive performance with Asset Management

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.

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.

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.

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.