New asset management solutions increase plant productivity and performance

Industrial maintenance and reliability professionals who want to optimize the plethora of assets under their care can turn to ever-improving Enterprise Asset Management (EAM) solutions, computerized maintenance (GMAO) and amplifiers of innovative solutions. Tools like these empower decisions and actions that elevate availability, productivity, and performance to new levels.

Basic asset management software

Two software solutions designed to promote excellence in maintenance, operations and reliability are offered by CMMS Data Group (CDG). One helps improve plant maintenance and reliability, and the other helps improve overall equipment efficiency (OEE). MVP CMMS (formerly MVP Plant) and MVP OEE can be used standalone, integrated together, or integrated with other solutions.

MVP CMMS innovates by bringing together maintenance and production teams to help increase asset availability and capacity. MVP OEE, introduced in 2021, seamlessly integrates production line performance tracking with maintenance work management to automate data-driven continuous improvement processes, says Ruth Hughes, Founder and CEO of CMMS Data Group.

For companies looking for fast and affordable deployment of an advanced asset management solution, Maximo AAM is available from Total Resource Management (TRM), an IBM Gold Business Partner. The cloud-based asset management solution comes pre-loaded with a PM library and condition-based inspections data for over 80% of a plant’s common assets, as well as a virtual assistant, the chatbot MRT OMNI.

“It’s common for companies to spend huge amounts of money implementing maintenance software that doesn’t actually improve maintenance,” observes John Q. Todd, offering manager at Total Resource Management. “We solved this problem with our Maximo AAM turnkey solution, which is specifically pre-configured to improve maintenance processes and asset reliability.

“Cool stuff” is being added to Hexagon’s HxGN EAM (formerly Infor EAM), reports Kevin Price, vice president at Hexagon Asset Lifecycle Intelligence. Prior to Hexagon’s acquisition of Infor EAM, Infor was already evolving its product from the silo of EAM to more Asset Performance Management (APM) functionality. Now, Hexagon’s technical capabilities are integrated into HxGN EAM.

“We add integration touchpoints to things like digital twins, building information models (BIM), and computer-aided designs from our own Hexagon tools,” Price says. “Mobilization is also a priority and by the end of 2022 we will have approximately 96% of our entire EAM solution in a mobile format, beyond the many task-specific apps we also offer. Our version year-end and future releases will continue where we left off at Infor with our evolution from EAM to APM.

EAM / CMMS investment boosters

To speed up fault detection and isolation, Andromeda Systems Inc’s (ASI) Artificial Intelligence Prognostic Steering (AIPS) can predict what will fail as well as where, when and why it will fail. It also alerts on potential unidentified false alarms and “opportunistic maintenance events” to improve efficiency. AIPS can be used standalone to support existing EAM/CMMS solutions or integrated into an existing EAM/CMMS.

“AIPS has evolved from an automated solution prioritization system to a machine learning (ML) tool that can not only improve fault isolation, but also aid in better prognostics, allowing the system to stay mission ready and reduce downtime,” said Laurie Albarino, ASI. VP of new innovative products.

Itus Digital’s Asset Twin technology allows users to create an asset twin “in minutes”. Its Asset Twin Library offers predefined asset strategies and twin templates for common industry asset classes. Its Asset Twin Marketplace, initiated with the library, enables collaboration between asset operators, OEMs and service providers to continuously optimize asset strategies.

One of the biggest challenges in creating a continuous improvement cycle between EAM and APM processes is ensuring that asset strategies are fully implemented and driven by maintenance, reliability and engineering, notes Joe Nichols, president of Itus Digital. “Our Asset Twin technology actively manages failure modes in real time and ensures that emerging risks such as operational changes, performance degradation or missed PMs are immediately detected with corrective actions prescribed to all stakeholders in the equipment,” he added.

SwainSmith’s EAM Library is what company president Tracy Smith affectionately calls EAM/CMMS’s best friend. “An out-of-the-box EAM/CMMS solution is powerful but doesn’t contain everything it needs to be successful. The EAM library provides the missing pieces,” he explains.

By providing Problem-Failure-Action-Cause codes, naming dictionaries, training in best practices, basic data conventions, and self-assessment tools to fill gaps and improve EAM/CMMS performance, the EAM library helps organizations get ROI from their EAM/CMMS investment, adds Smith.

This story originally appeared in the October 2022 issue of Plant Services. Subscribe to Plant Services here.

About the Author: Sheila Kennedy

Sheila Kennedy, CMRP, is a professional freelance writer specializing in industry and technical topics. She founded Additive Communications in 2003 to serve software, technology and service providers in industries such as manufacturing and utilities, and became editor and Technology Toolbox columnist for Plant Services in 2004. Prior to Additive Communications , she had 11 years of experience in implementing industrial information systems. Kennedy received his BS from Purdue University and his MBA from the University of Phoenix. She can be reached at [email protected]

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