Has anyone seen my assets?

(Free eBook Available)

Are your physical assets important to you? Are they fully functional, in good health and excellent working condition?

Asset Importance

When I first started out in the Asset Management Industry I would often go to a site and ask the relevant person, ‘Do you have an Asset Register?’ The response was often amusing. A blank look and then a pointing finger generally sweeping over the facility, stating ‘my assets are out there, why do I need an Asset Register?’

This is the way things used to be. An experienced engineer who knew his plant and equipment intimately, kept everything running smoothly but seldom saw the benefit of establishing an effective up to date register of assets.

Today’s world is different and companies can succeed or fail based on how up to date the availability of asset information is, in order to ensure speedy, effective and excellence of asset maintenance management. Well maintained assets are key to maintaining effective production levels.

• Do you have an integrated up to date detailed register of assets?
• Do you know where all your assets are and what condition they are in?

Poorly maintained assets will have a detrimental and sometimes devastating effect on production and company profits due to machine breaks, waste material and a host of other issues. The importance of a correctly structured and well-maintained accurate asset register cannot be overemphasised because it is vital to the ongoing productivity and profitability of your organisation.

Process Improvement

Asset Maintenance Management is a continuous process improvement strategy for improving the availability, safety, reliability and longevity of physical assets such as systems, facilities, equipment and processes.

How well are your assets being looked after?

Asset Management – Overload!!!

I thought we would start by having a light hearted look at a few ‘asset went wrong’ pictures.

These are definitely what Asset Management is NOT about. This is definitely a case of overloading an asset, not to mention anything about an unsecure load.

The only good aspect is that whoever planned this loading must have been a genius.!!!

Asset Management – Rock on

It would appear that the driver of this vehicle definitely parked in the wrong place. Perhaps he should have ignored the no through road sign and parked where the other cars parked. I only hope the driver was not in the vehicle when it rained that rock on his prized possession and that he knows a good panel beater.

Our assets need to be looked after in a much more professional and effective manner.

If you are seeking to improve the effectiveness of your organisation or maintenance function, then complete the box below and we will send you our free eBook

‘The Wonderful World of Asset Management’

Here we will discuss and learn about the role of the asset life cycle and the importance of a correctly structured and well-maintained accurate asset register, which is vital to the ongoing productivity and profitability of your organisation.

Areas of Asset Management

To get an understanding of what Asset Management is, we will need to look at the following 4 areas, which we will be exploring in our eBook.

• What is Asset Management?
• Why do we need Asset Management?
• What are the objectives of Asset Management?
• What is the Asset Life Cycle?

What is Asset Management – Improvement Strategy?

Asset Management is a Continuous Improvement Strategy for enhancing and managing the life health of the assets:

• To ensure the asset is available and reliable for work
• To make sure it is performing to specification
• To ensure it is functioning in a safe capacity
• To ensure it is being well utilised
• That breakdowns are being reduced and their impact is minimising maintenance costs.

Healthy and well-maintained assets will give longer and more reliable service to All Physical Assets, Systems, Facilities, Equipment and Processes. This is reinforced by the image on the right, highlighting 6 areas

• Availability
• Reliability
• Performance to be increased
• Breakdowns to be minimised
• Utilisation
• Maintenance Costs to be reduced

Asset Management is a Continuous Improvement Strategy for enhancing and managing the life health of the assets and it will have a positive impact on all the above areas.

Neglect it at your peril!!!

Contact Joe  Schoeman and the Schorp  Group  Team for more information.