It is a truth universally acknowledged that data strengthens any asset management practice. Quality data is needed to prevent assets from downtime, failures, and the overall management of the asset’s lifecyle. It is therefore an integral part of asset management, particularly in the maintenance and reliability field.
Quality data can help businesses thrive and underpin the following:
- Asset performance
- Condition monitoring
- Lifecycle cost
- Resource and capacity planning
- Maintenance work management
- Spares and material
- Risk control
- Budgeting
- Long-term planning1
A comprehensive program for improving the quality of data in a CMMS is a welcome addition to a maintenance engineer or technician’s work schedule. Superior and reliable information eliminates the need for guess work, based on the technician’s knowledge of the asset and anecdotal evidence. It then becomes useable information that forms the enterprise’s ability build knowledge that translates into applications that increase value.
If you’re working in the asset management sector in maintenance and reliability, contact us via communications@amcouncil.com.au to share your success story. Also make sure you’re tuned into our Maintenance and Reliability in Asset Management Special Interest Group. You’ll have many opportunities to meet with others, share knowledge and tips, as well as great events geared specifically to areas of interest in the realm of maintenance of assets.
And if you’re not a member of the Asset Management Council, you’re definitely missing out on something special! Join now and receive immediate benefits, such as CDP points, free access to our database of technical papers and our informative webinar series, reduced rates at our events and conferences, and much more. Learn more about membership rates by clicking here.
1 Sourced: The_need_for_quality_CMMS_Data_to_support_Budgeting_and_Life_Cycle_Management-2.pd