These days everyone seems to be cutting spending. It’s entirely discretionary, so it’s easy to eliminate. But is that a smart move?
But today, times are tough. Trade wars, protectionism, and generally sluggish economies before those were a factor have all contributed to poor corporate performance. Shareholders want more. But can you really cut costs to become profitable? No – of course not, at least not in the long term. Read more “Myth busting 19: High performing organizations spend too much on training”
When we were younger most of our parents probably told us that we needed to have a good education to get ahead and do well in life. After all, it is the key that unlocks career paths, it opens doors and closes them if it is missing. Even prisoners on long sentences get an education so they can get a better start on life after their incarceration.
Some people crave education, yet whether we crave it or avoid it, all of us learn all of the time. Read more “Education and skills – double your returns”
There’s an old saying that, “two heads are better than one”. Teamwork has been proven time and again to produce superior results. It is the basis for many successful methods like RCM, PMO, RCFA, Total Productive Maintenance (TPM) and various quality improvement programs like Six Sigma. Choosing excellence goes beyond that – the use of self organized teams brings the best out of your people, delivers enhanced productivity and superior results.
Smaller teams tend to be more effective than larger ones provided Read more “Teamwork delivers superior results”
Being proactive with your assets is all about managing failures before they occur. You can reduce or eliminate the consequences of failure by forecasting what is likely to happen and deciding in advance about what to do about it. The advantage to doing this is that major business impact due to equipment breakdown can be avoided. High performing companies manage proactively – they foresee and avoid problems. It’s good for business! Read more “Uptime – Managing failures before they occur”
Management of physical assets can be very complex. It requires a blend of financial, engineering, maintenance and risk management skills, not to mention the technical skills of maintaining and operating the assets themselves. Doing this well also requires a great deal of information and it must be accurate information.
Today we hear talk of “resilience” replacing “sustainability”. Read more “ISO 55000 What’s not to like”
With the advent of ISO 55000, 55001 and 55002 there will naturally be a desire for some companies to get certified. In fact in the UK, the first certification by the British Standards Institute has already taken place and less than a month after the standards were officially released! If your organization was already PAS 55 certified, it should be a small leap to ISO certification – after all, it was based on PAS 55 and if anything, it appears to be a bit less onerous as well as better suited to broader application.
Certification against ISO 55001 applies only to the management system for a facility, installation, company or other portfolio of assets. It DOES NOT apply to people, but people can be certified as Asset Managers. Read more “ISO 55000 Certification”