A large part of keeping a company running efficiently and profitably is ensuring that all equipment and machinery is operating optimally. To do so, preventive maintenance needs to be conducted. When small maint...
An Enterprise Asset Management system – Otherwise known as an EAM – offers significant benefits for organizations, it is crucial for success that it is implemented effectively if its benefits are to be fully re...
What is an ERP? ERP stands for Enterprise Resource Planning. Reference to a system or software used by an organisation to manage the routine business activities such as manufacturing, procurement, project manag...
In the world of business, time equals money. Time is so valuable to a business that anywhere that an organisation can save time then enables that organisation to drive efficiencies to reduce costs and therefore...
When it comes to maintaining industrial equipment efficiently, it’s important that you always prioritize those assets that are the most critical for the operation of your business. This will ensure that you max...
Businesses have become conglomerates of automated systems driven by a few skilled people. Whether it is the employees, the customers, or the vendors, everybody is accessing information about how well you are pe...
When it comes to maintaining important business equipment or machinery, an old saying comes to mind: “An ounce of prevention is worth a pound of cure.” It’s true; preventative equipment maintenance is one of th...
There is great value to be realized from an organisation successfully maintaining and managing its fixed assets. Significant financial outlay is required to purchase new equipment and, all too often, businesses...
Asset Intensive organizations require large amounts of investment to produce a good or service, and therefore have a high percentage of fixed assets (property, plant, and equipment (PP&E)). Having a high pe...
ISO 55000 is a set of international standards focusing on Asset Management, and originating from the British Standards Institute’s ‘Publicly Available Specification 55’ (PAS 55). The ISO Standard which was rele...