ROI Archives - Conscious Asset

Myth busting 28: RCM is expensive

2019-05-312020-06-20

Many of you may be surprised to learn that Reliability Centered Maintenance (RCM) was actually developed with cost cutting in mind! Aircraft maintenance costs were huge. For example the Douglas DC-8-32 aircraft (a four engine narrow body jet liner built from 1958 to 1967 that carried 150 passengers) required upwards of 4,000,000 man hours of maintenance work for only 20,000 hours of flying time! Read more “Myth busting 28: RCM is expensive” →

Asset Management

Myth busting 27: RCM is only for new assets

2019-05-272020-06-20

Reliability Centered Maintenance (RCM) was developed in the airline industry to be used for developing maintenance programs for new aircraft. There’s no doubting it – originally RCM was intended for new designs and arguably where the results of failure could be catastrophic, specifically the loss of life and where costs of maintaining had grown ridiculously high. Read more “Myth busting 27: RCM is only for new assets” →

Asset Management

The bottom line

2018-10-142020-06-20

Maintenance and finance may not seem like natural “allies” in the battles for business achievement. However, they share common concerns and can both do a lot of good – albeit from behind the scenes. Financial managers, directors and CFOs are primarily concerned with company financial performance. They are often the watchdogs for regulatory compliance. They are in an excellent position to see what’s going on, and spotting problem areas, but not always what to do about them. Like all of us, their expertise only goes so far. Read more “The bottom line” →

Asset Management

IIoT for Predictive Maintenance and Big Data

2018-01-102020-06-20

We are often asked about the impact of the Industrial Internet of Things (IIoT) on equipment maintenance for industrial companies. When it comes to repairs, we don’t anticipate that much will change because of the IIoT, except in identifying when repairs are needed. Making systems safe after they’ve suffered failures and taking things apart and replacing components will always require human intervention. In the area of proactive maintenance however, we see a big impact and huge potential benefits. Read more “IIoT for Predictive Maintenance and Big Data” →

Blog

10 Myths about RCM

2017-12-082020-06-20

Despite its well-documented successes, Reliability Centered Maintenance has always drawn a lot of discussion and controversy. Much of it is because of a lack of understanding and ‘myths’ generated to discredit RCM as a viable business solution. Here I will fill in some of those gaps in understanding and debunk some of the myths.

RCM is a type of maintenance (wrong)

Education and skills – double your returns

2017-09-072020-06-20

Keys to Success

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” →

Blog

Teamwork delivers superior results

2017-06-152020-06-20

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” →

MRO

MRO Technology – 2

2017-01-042020-06-20

Excluding primary practices that still prevail in most industrial companies, the evolution of MRO Materials Management Technology can be summarized in three technological waves, as shown below.

First Wave: Conventional Technology

Read more “MRO Technology – 2” →

MRO

MRO Technology – 1

2016-12-202020-06-20

Here are a couple of curious observations:

End users and providers of ERPs (enterprise management systems) are often technologically very backward in this specialty of managing MRO supplies.
There are but a handful of specialists (experts) in this field who have developed any sort of advanced technological solutions, yet they remain somewhat obscure.

Read more “MRO Technology – 1” →

Asset Management

Infrastructure Renewal – An Economic Necessity

2016-06-072020-06-20

A lot of attention is going to Infrastructure and its renewal. Here in Canada the recently elected Federal Government is about to spend over $100 billion on “shovel ready and shovel worthy” projects. At the municipal level alone (where we “own” about 60% of Canada’s infrastructure), some $123 billion is needed for catching up on deterioration that’s been allowed to accumulate since the 1950’s. That doesn’t take into account needs for growth. I recently attended a conference and listened to a well-regarded key-note speaker who placed our overall spending needs on infrastructure (all levels of government) nearer to $1 Trillion! The number is huge – no matter what it is. Read more “Infrastructure Renewal – An Economic Necessity” →

First Wave: Conventional Technology

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