Most maintenance improvement initiatives today are functional in nature. Managing assets strategically involves every function in the plant working towards the same goals. Operations and maintenance are rewarded for creating and utilizing the capacity of their units. Many companies have recently implemented reliability initiatives geared toward optimizing the maintenance function at their plants. Some are successful; however, most will admit they did not realize the expected benefits. The Five Step Process to Developing Asset Strategy

1. Define the Problem
2. Analysis and Process Mapping
3. Failure modes and effects analysis (FMEA)
4. Initial Asset Strategy
5. Institutionalise the continuous improvement process and make it visual

The key requirements of successful plant-wide reliability improvement are these:

• An analysis of the potential production available in the plant based on best demonstrated performance and operating characteristics of best performing plants
• Quantified current operating rates of each units, and goals for improving these rates
• A business case with a three-five year horizon which identifies expectations for costs and production based on improvement efforts.
• A multi-year plan that identifies the types of changes in practices and measurements needed to achieve the goals
• A keen understanding that every function works interdependently to management equipment health
• Accountability for delivering these results, transcending annual budget cycles

We at AMCO Integrity Pty Ltd take our clients through the development of a sound Maintenance Strategy meeting their business requirements, maintenance budget and proven methodologies.