by Drew Troyer, CRE, CMRP, T.A. Cook/Accenture, Editor | Jun 20, 2022 | Asset Management, The Sustainable Plant
Environmental sustainability is top of mind for many businesses these days. And equipment-asset-dependent companies in the manufacturing, process, mining, and other heavy industries are no exception. The American Society of Testing & Materials (ASTM) E60.13...
by Drew Troyer, CRE, CMRP, T.A. Cook/Accenture, Editor | Jun 5, 2022 | Asset Management, The Sustainable Plant
Energy consumption is a major cost for most manufacturing and process plants. It’s also the primary source of greenhouse gas (GHG) emissions. When inventorying and accounting for these emissions, the source is defined as Scope 1, 2, or 3. Scope 1 emissions are related...
by Drew Troyer, CRE, CMRP, T.A. Cook/Accenture, Editor | May 15, 2022 | Asset Management, Plant Operations
Part 1 of this article (April 10, 2022) addressed strategic aspects in the configuring of Enterprise Asset Management (EAM) or Enterprise Resource Planning (ERP) systems for equipment-asset-intensive operations in the manufacturing, process, mining and metals...
by Drew Troyer, CRE, CMRP, T.A. Cook/Accenture, Editor | May 2, 2022 | Asset Management, Plant Operations
Part 1 of this article (April 10, 2022, see link below) covers strategic aspects in upgrading of Enterprise Asset Management (EAM) or Enterprise Resource Planning (ERP) systems. Often, the configurations of these Management Information Systems (MISs) are driven by...
by Drew Troyer, CRE, CMRP, T.A. Cook/Accenture, Editor | Apr 10, 2022 | Asset Management, Plant Operations
Many organizations are actively undertaking an upgrade of their Enterprise Asset Management (EAM) and/or Enterprise Resource Planning (ERP) systems. This represents a tremendous opportunity to align the configuration to better meet the needs of the business and create...
by Drew Troyer, CRE, CMRP, T.A. Cook/Accenture, Editor | Apr 3, 2022 | Asset Management, RAM Tools & Methods
Over the past six months, I’ve focused on high-level metrics and Key Performance Indicators (KPIs) for asset management. We’ve addressed Mean Time Between/To Failure (MTBF/MTTR), Overall Equipment Effectiveness (OEE) and its associated loss categories, Return on Net...
by Drew Troyer, CRE, CMRP, T.A. Cook/Accenture, Editor | Mar 20, 2022 | Asset Management, RAM Tools & Methods
Continuing with our focus on metrics and Key Performance Indicators (KPIs), let’s carry on with our discussion of the balance sheet, i.e., the denominator in the Return on Net Assets (RONA) equation that has been addressed in previous installments of The RAM Review)....
by Drew Troyer, CRE, CMRP, T.A. Cook/Accenture, Editor | Feb 27, 2022 | Asset Management, Newsletter Column
If your answer to that simple question is “yes,” you might be part of the problem, not the solution. I’ve been in the reliability-engineering and asset-management business for more than 30 years. And, over time, I’ve often heard senior and...
by Drew Troyer, CRE, CMRP, T.A. Cook/Accenture, Editor | Feb 19, 2022 | Asset Management, RAM Tools & Methods
This week, we continue our exploration of metrics and key performance indicators (KPIs) that support effective management of equipment assets in manufacturing, process, and other heavy industries. Here, our focus is on the balance sheet. But first, some recapping is...
by Drew Troyer, CRE, CMRP, T.A. Cook/Accenture, Editor | Feb 14, 2022 | Asset Management, RAM Tools & Methods
In my Feb. 6, 2022, article for The RAM Review (see link below) I addressed the important key performance indicator (KPI) Return on Net Assets (RONA). A measure of management effectiveness, RONA is calculated by dividing an organization’s income statement by...
