Asset Management (AM) as a concept evolved from Maintenance Management to provide a more holistic approach to managing the life of a physical asset. Asset Management (AM) in organizations today has become the focal point to improve and optimize the contribution of a physical asset to the overall success and prosperity of such organizations.
In order to achieve optimum return on investment from an asset and maximize their contribution to the revenue or success of an organization, the organization needs to grow their maturity in asset management. It has been postulates that many organizations have recognized that in spite of all the different initiatives like cost-cutting, re-organization, new technology, productivity and quality improvements, the picture is fragmented. Inefficiency, conflicting objectives, lack of coordination and missed opportunities are still plentiful.
The impact of human error on maintenance quality and cost, safety and equipment reliability is huge and It has been estimated that 70% to 80% of all unplanned shutdowns are due to human error, meaning that only 20% to 30% of unplanned shutdowns are due to equipment malfunction or poor design.
Our philosophy : Mission is to help our clients increase production reliability
and lower manufacturing and maintenance costs. While the traditional maintenance approach focuses almost exclusively on equipment, our philosophy emphasizes achieving results through people.
Who We Are : ISPMP is a uniquely specialized assets management consulting and service provider non-profit conceptual networke organisation that helps manufacturing and process industries maximize profits by improving reliability and maintenance practices.
JUST DO DEEP THINKING/CRITICAL THINKING IN THE PROCESS OF VISUALIZING THE BIG PICTURE OF YOUR ASSETS PERFORMANCE MANAGEMENT.
Human is an organism ( biological process plant ) in biosphere and influenced by an environment, psychology and physiology. Every moment you are outcome of your own thought in space and time.
“WHEN YOU CHANGE THE WAY YOU LOOK AT THINGS, THE THINGS YOU LOOK AT CHANGE ”
Your plant machine & process are talking to you in machine language , just like child talk and communicate with parrent , and child be healthy and happy if parrent understand and take care. So here honest question to asked assets care taker, are you listning, understanding their language and taking care to your machine and process in plant ?
The body is like a machine that can be dismantled into the heart as pump, the lungs as bellows, the joints as gears and levers, the nervous system as electrical circuitry, the brain as computer, the eye as camera, the stomach as chemical beaker, the intestines as plumbing, and the liver and kidneys as filters etc.
WHOLE PLANT IS WITHIN YOU IT MEANS AS YOU ARE AWRE OF CAUSES AND SYMPTOM OF EACH ORGAANS IN YOUR BODY SIMILARLY YOU ARE AWRE OF CAUSE AND SYMPTOM OF EACH ASSETS IN YOUR PLANT . SO BY TAKING APPROPRIATE CARE OF EACH ASSETS, PREMATURE POTENTIAL AND FUNCTIONAL FAILURE CAN BE PREVENTED.
JUST DO DEEP THINKING, SOLUTION OF ANY PROBLEM WILL BE VISIBLE TO YOU BECAUSE YOU HAVE IN- BUILT ABILITY & CAPACITY TO UNDERSTAND CAUSE & EFFECT . ALL THE TECHNOLOGICAL MEASURING AND MANAGEMENT TOOLS WILL ASSIST YOU.
The industrial efficiency triangle is a methodology that views the asset life cycle as holistic. It means each constituent of wellness is everywhere and always active. Just like personal wellness needs all the elements (Physical, Emotional, Mental and Spiritual) working together all the time to build the mental health and physical fitness that puts you in a position to have a healthy, happy and fruitful life. Same concept applied to the machine and process. Industrial efficiency is really about having business and operational processes that continually optimize productivity, minimize risk and generate maximum operating profits. It is a business risk management and business growth strategy and not just a operational problem solution.
Which one you would like to be :
- 1. Your company should be the Hedgehog
- 2. your company should be the Fox.
If you want a correct answer then I would like to suggest you to read the book “GOOD TO GREAT “ here is the book download.
KNOW What to do
Take away :- if you want to become from good to Great company then it is basic and first mandatory requirement to have right systems, right people, right thought and right action on bus to take the bus in right direction.
“You don’t build a business, you build people and then people build the business.”
All industrial settings at their core are made up of these three most basic components, Process, Equipment and Personnel …or we can say these are the equally three stack holder in plant, Industrial Efficiency Triangle.
which have to be equally well managed and thoroughly understood. They are the foundation elements of industrial settings. And just like a home where the foundation has problems and therefore will start to crack above, so will the industrial setting that neglects to equally care for all three of its core elements, Personnel, Equipment and Process. And failure to properly care for these three elements of your business will cost you money, period! Perhaps not on the short run, but for sure on the long run, and in the worse case it may even cost you the business itself. So, any industrial setting must invest time and resources into this three elements if it hopes to not just survive but thrive as well, just remember the phrase “Pay me now or pay me later“.
But the real basic true Industrial Efficiency is really the sum of three basic industrial elements Process, Equipment and Personnel, which make up any industrial setting. And the manager that is either unaware of this concept or worse yet chooses to ignore them will always be running his industrial setting in the Reactive mode and, not on a Proactive mode.
True Industrial Efficiency also takes hard work, skills, attention to detail, and dedication to reach it. But the most important aspects that must be maintained in focus is the “Big Picture”, the understanding that an organization, business, etc is made up of basic elements Process, Equipment and Personnel, which are ALL important, and thus concentrating on just one or two, while ignoring the other element eventually will lead to the ruin of the organization and/or business in question, guaranteed! Think “Attention to Detail” and all element are interconnected. Changes in the Process Element will affect the Equipment and Personnel Elements as well. This model can be applied to various aspects of an industrial setting, including operations, maintenance, etc.
The basic rule of thumb in order to use this Industrial Efficiency Triangle improvement system is as follows:
– If looking and planning a Process improvement then begin at the Process section. Then check and correct the affected Equipment and Personnel Elements.
– If the Process Element is in good condition, and the problem(s) are Equipment related, then begin at the Equipment section, follow by the Personnel Element section, then check that the Process Element has not been affected or modified as a result of these changes.
– If both, the Process and Equipment Elements are in good condition, and the problem(s) are in the Personnel Element then proceed to the Personnel Element section, then check that the Process and Equipment Elements haven’t been affected or modified as a result of these changes.
So in Reality it is an art of balancing all the Three element or stack holder in real time integrated manner. Today in digital world to support and accomplished the above work all kinds of things are easily available and accessible to all industries and professionals either in the forms of Training, Consultancy, Audit, various standards and procedure ( professional National standard or ISO ) and best practices bench mark and excellent books, written blogs and discussion board etc.
Optimize Your Greatest Asset — Your People
It is the very important corners stone of production; personnel not performing up to par and you will have a very inefficient and chaotic workplace.
An organisation is a system of interdependent human beings, and their characteristics affect both its structure and its functioning. Human relations management studies the characteristics and inter-relationships of individuals and groups within organisations and takes account of these factors when designing and administering those organizations.
People are the obvious key ingredient in all aspects of the business function. People form and track the EAM strategy. People perform the MRO operations. People install, configure and maintain the EAM technologies. People create and maintain the engineering data. Finally, people turn the wrenches that maintain the assets that are operated by people who generate the products or services for which the organization exists. Obviously people are the binding element, the glue that holds the entire structural integrity of EAM together. They need to be trained, organized and deployed throughout the EAM function
HOW TO OPTIMIZE PEOPLE
Using the science-based approach tools of neuroscience, mindfulness, and emotional intelligence to develop the useful mental habits for achieving deep and long lasting well-being. The goal is to help people thrive – enjoying greater productivity, effectiveness and happiness in all aspects of their work and outside of work.
By improving your emotional intelligence which will help you understand yourself, your goals, intentions, responses and behavior better. You will also be able to understand others and their feelings.