Asset Management
The Real Cost of Maintenance: Why Proactive Beats Reactive
When it comes to asset reliability and operational efficiency, maintenance strategy matters. While some organizations still default to a reactive approach—addressing equipment issues only when failure occurs—industry leaders are shifting toward a more proactive philosophy. Proactive maintenance prioritizes prevention, early detection, and strategic intervention, ultimately extending equipment life, improving safety, and reducing long-term costs. At…
Read MoreShould you Upgrade or Replace Legacy Equipment?
The landscape of industry has changed a great deal, even over the past few years. New technology promises better outcomes that are worth the cost of new equipment. Your legacy equipment may be working just fine, even after its allotted usual lifespan. Or it may be showing signs of aging. But is the investment really…
Read MoreDeveloping an Asset Management Strategy
We’ve previously discussed the benefits of Implementing A Reliability Centered Maintenance Program and thought we would expand on that subject. Manufacturing plants, utilities and chemical process faciities are asset-intensive organizations that depend on superior management of physical assets. Some owners may confuse capital asset replacement plans with strategic asset management. Unlike replacement plans, they are…
Read More