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Asset Strategy Management (ASM):

It is very important to understand first the business goal before setup the maintenance program of an asset. In fact, the asset criticality derives from the business goal: Financial – Safety – Environmental – Legal – Regulatory. Financial Strategies drive stakeholder’s interest in doing business with your organization. PM should align with selecting the optimum financial strategy Increasing revenue Vs. reducing cost Data integrity: Warning Letters given to Life Science companies involve a data integrity violation. With a soaring number of warning Letters for data integrity violations, the FDA is on a mission to ensure that companies have reliable and accurate data. 

 

·       Asset Life Cycle Management “ALCM”:

o   A life cycle costing analysis determines the “whole of life" cost of asset ownership, taking into account design, purchase, installation, commissioning, operations, maintenance, and disposal. Optimum replacement ages for major assets can also be determined on the basis of a whole of life ownership cost projection.

o   Markrl Inc. generates whole of life cost models for major assets, using detailed equipment characteristics and maintenance cost forecasts as a base.  The whole of life cost models have been used to ascertain the optimum replacement age of major assets or to determine the optimum investment alternative from a range of competing options.

·       Risk Management “RM”:

o   Providing a brief description of each stage of the risk management process is crucial which includes, risk identification, risk planning, risk control, residual risk reduction, and complete risk register& monitor.

o   Markrl Inc. helps your organization to describe the systematic process for the risk assessment, control, communication, and review of risks related to the quality of a process, facilities, equipment, and utilities, across the product life cycle. 

·       Continuous Improvement “CI”:

o    The Continuous improvement process is an ongoing effort to improve process reliability and equipment reliability. These efforts can increase the efficiency of the
maintenance department delivery and organization’s profit.

o   Markrl Inc. helps you to facilitate a workshop of The PDCA (plan, do, check, act) cycle supports continuous improvement and Kaizen. It provides a process for improvement since the early design (planning) stage of any process, system, product or service. 

·      Key Performance Indicator “KPI”: Visual Management

o   Key Performance Indicators are the magnifying glass of senior management. There are many indicators you can measure but to be smart you need to select the key ones that reflect the performance level. As indicated in asset management ISO 55000, doing measures where you align your business objectives with stakeholders’ values. Also, when you set up the indicators, you need to consider the Lagging Vs. Leading Indicators: the lagging is “what" performance has been while the leading is “How" performance direction.

o   KPI’s pitfall is outsourcing too many hours in running massive indicators in order to show
senior management leaders a good performance, however this is a time consuming for both. Considering the financial and regulatory business goals are important.
 

·       Asset Matrix “AX”:

o   In our industrial companies, we have challenges about limited resources and budget, meanwhile, you need to maintain your entire organizational assets with no budget that what dreamily is asked by stakeholders, however, they are right! There are tons of budgets thrown in no-where and need to be wisely optimized. Our mission when we step in every facility is an asset criticality matrix, so we can direct our reliability efforts and organization’s budget into it. we guarantee every the facility has done an asset matrix, but it is outdated! 

·       Strategic Asset Management Plan “SAMP”:

o   An asset management strategy – ISO 55000 uses the term “SAMP” – describes an organization’s long-term approach to managing its assets. This specifies how organizational objectives, the approach for developing the asset management plan(s), and the role of Asset management system in supporting the achievement of the asset management objectives.  

·       Responsible Accountable Consulted Informed “RACI”:

o   Clarifying and defining roles and responsibilities in cross-functional or departmental projects and processes are very crucial for the organization. Markrl Inc. has an expertise to facilitate such workshops and come up with a matrix where every team member knows his roles related to best practices.