How to Get Optimal Strategies on Every Asset All the Time: Introducing Asset Strategy Management

Can you relate to any of these problems?

  • You took the OEM recommendation for maintenance strategies without any justification process
  • You don’t have maintenance strategies on all your equipment
  • Equipment maintenance strategies are not reviewed or updated
  • There’s a lack of governance of maintenance strategies (deviation from Reliability Engineer defined & agreed strategy)
  • You’re using the CMMS to manage maintenance strategy decisions
  • Poor master data is not helping facilitate strategy decision-making
  • Strategies are subjective, based on expert/subject-matter expert opinion
  • You’re using generic strategies but not variating for operating context
  • Strategies are varied across like assets
  • You’re lacking a formal (FMECA / RCM based) approach to strategy development

Asset Strategy Management (ASM) is a process which allows organizations to capture and review data from all sources and leverage learnings to enhance asset strategies, by identifying pockets of strategy excellence and deploying those strategies across the organization, wherever they are relevant.

In short, ASM means that:

  1. The best strategies, developed by your best subject matter experts, are in place; and
  2. They are deployed to all your assets, all the time; and
  3. They continually evolve based on real data and an effective review process; and
  4. They can be easily updated, customized for site variations, and redeployed with ease 

With ASM, you not only equip the end user with an optimal strategy, but along the way you create a company-wide set of strategies that is housed in one central location, readily available across all sites for use and continuous improvement. Not to mention saving a significant amount of time in the process of developing and deploying those strategies.

Implementing an ASM program ensures that optimal strategies are always deployed, quickly and efficiently, resulting in the reduction of failures, downtime and risk, and consequently, a lower cost of operations.

This webinar will introduce the key elements of an ASM program including:

  • Building Generic Strategies
  • Cost and Risk Justified Strategies
  • Task Phrase Library
  • Deploying Strategies
  • Local Variations
  • Simulation and Analysis
  • Packaging Rules
  • Leveraging Excellence and Continuous Improvements


View On-Demand Webinar:

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