Company Executives and Managers can quickly have an EAM System that Delivers World Class Operating Asset Performance and Profits
In the quest for operational success and profits, CEO’s, Executives and Managers can now engineer their EAM system for utmost productive operating plant and equipment reliability
Senior Management ensures utmost operational success and profits by merging their top-down enterprise asset management system with bottom-up Plant Wellness Way EAM methodology
Plant Wellness Way EAM makes the fastest improvement to existing EAM systems to get world class reliability and realize new operating fortunes
CEO’s, Executives and Management are ultimately responsible for their company’s plant and equipment failures. Senior Managers are tasked with getting maximum operating performance and operating profits. It means that Executives and Managers are obligated to get world class operating plant and equipment reliability. That needs stewardship of the organization’s operating assets’ health and well-being. Companies install Enterprise Asset Management (EAM) systems to achieve those goals. But EAM systems are complex and they all fail to deliver maximum operational success. By adding Plant Wellness Way EAM methodology with existing EAM solutions, a CEO and the Executive Team can get their operating assets to world class reliability, and realize new operating fortunes.
Every Executive and line manager is responsible to make their organization successful and profitable. Those aims are key drivers of senior managers’ decision making. Organisations select their Enterprise Asset Management system under the influence of those drivers. But first, Senior Management picks an EAM system model that they believe will best deliver success and profit.
There is no single perfect model to describe EAM, there are many. How well a model will work for an organisation depends on the nature of the organisation and its situation. Figures 1 to 7 are examples of enterprise asset management models available to companies to use in designing and developing their EAM system. It may be necessary to modify elements of a chosen model to better meet the needs of the organisation, but they all have a common problem: they are all designed from a Top-Down perspective. Meaning, Senior Management sets the EAM Policy and then the EAM System is designed and implemented with the aim of achieving the Policy.
Figure 1 – IAM Anatomy EAM System Model
Figure 2 – Optimization Stairway EAM System Model
Figure 3 – AMC Life Cycle Phases EAM System Model
Figure 4 – Organization Goals Focused EAM System Model
Figure 5 – Stable Domains EAM System Model
Figure 6 – Work Management Pyramid EAM System Model
Figure 7 – Integrated Dependencies EAM System Model
The good thing is that this makes it very easy and simple to observe whether a company’s EAM model, and the resulting EAM system designed on the model, achieve the aims of organisational success and profitability. You simply look at the organization’s operating history to confirm the presence of world class production success and profits. Unless an operation is already getting maximum operating asset performance and profitability today, right now, then something is wrong with their EAM system, and consequently something is missing in their EAM model.
EAM systems are developed with the intention to generate optimal operating asset performance and profits. That means the true measure of EAM success is the size of your operating profits. When physical assets in a company cannot get world class reliability, the EAM system is not delivering the utmost success and profits from the plant and equipment. That problem is now eliminated forever with the invention of the Plant Wellness Way EAM methodology.
Figure 8 is the newest of the EAM models, named the Plant Wellness Way (PWW). This EAM model is a bottom-up design. Its purpose and role is not to replace current EAM models, but to complement them, so that current EAM models will deliver world class operating assets. PWW EAM methodology identifies all the necessary details missing from an EAM system that operating assets need for outstanding lifetime reliability. PWW finds and puts all the missing content into your EAM system so it delivers world class reliable plant and equipment. You consequentially get large rises in operating profits from your now outstandingly healthy and highly productive assets.
Figure 8 – Plant Wellness Way Stress-to-Process EAM Model
When the two EAM system methodologies are combined—top-down EAM with bottom-up EAM—you arrive at the model in Figure 9. It shows how the Plant Wellness Way supports and complements all existing EAM models. When both are used together—your current EAM system supplemented with PWW—your company optimizes its asset management system, processes, and practices for operational excellence performance and profits.
Figure 9 – Operational Excellence Success with Plant Wellness Way EAM Methodology
Top-down Enterprise Asset Management models and systems proliferate the business world. Alone, they are unsuccessful at delivering the world class operating asset reliability needed for operational excellence. But merged with the bottom-up Plant Wellness Way EAM methodology, the two together address all the needs for reaching world class operating asset success.
The message to stress is that CEO’s and Executives have a new solution to get optimal performance and profits from their plant and equipment: add Plant Wellness Way EAM methodology and optimize the asset management system to deliver world class reliability. Senior Managers can now re-engineer their EAM system for maximum performance and profits. They can allocate resources and support to operational improvement, certain that the new answers put into their EAM system will bring lifetime reliability to their operating assets. They can be confident that the business results from integrating the PWW EAM methodology into their existing EAM system will appear in the coming months as new, rising operating profits. Those profits will continue to grow and grow is size during the years ahead, as their company, and the people in it, become world class enterprise asset managers.
All the very best to you and your organization,
Lifetime Reliability Solutions HQ