Transforming Your Asset Management Performance

In this webinar, Ed shares a pragmatic approach to implementing a self-guided system to help you and your team leverage common lean principles that can boost reliability and enhance asset management performance.

• Waste Elimination is Reliability’s Best Friend: One of the core lean principles is the elimination of waste. This can be translated to asset management as reducing unnecessary maintenance activities, streamlining processes, and eliminating redundant systems or tools. By minimizing these wastes through a self-guided system, equipment can run more efficiently and reliably, resulting in fewer unexpected breakdowns and prolonged asset lifecycle.

• Continuous Improvement Drives Consistent Performance: Another foundational lean principle is continuous improvement. For asset management, this means regularly reviewing and refining maintenance processes, procedures, and schedules. By consistently seeking ways to improve, organizations can ensure their assets not only maintain their performance but also adapt to changing conditions and technologies.

• Empowerment and Visibility Enhance Decision-Making: Lean emphasizes the importance of clear communication, visualization and empowering teams to make better decisions. In the areas of asset management, this means providing teams with real-time data and the authority to make decisions about key maintenance activities. With more relevant information at their fingertips and a sense of ownership, teams can make better decisions about when and how to service assets, leading to increased reliability.