Special Report - Raconteur's 'Asset Management & Maintenance' in The Times

Published on May 7th - Here you can view the digital reprint of the report as published in The Times. The full host of articles is available online.

See our IntelaTrac ad (page 2) - The easiest, most comprehensive way to manage field assets. 

Read the latest information on the new standard for managing assets/ ISO 55000. We posted the Avantis response to this new standard on March 11th; read the full posting here. 

How can standards help reduce your energy costs?

Author: Victor Lough, Product Manager, Asset Management

In my February 25^th blog posting, Avantis discussed the emerging ISO 55000 standard and how this would drive change in the way of doing business. We did suggest that adaption would be the preferred policy with a view that this would drive bottom line performance, in line with previous quality initiatives.

My attention was therefore drawn to a recent blog on behalf of Frost & Sullivan, London – 6 March, 2014: Water and Wastewater Industry’s drive to optimise energy usage and reduce costs sustains European Smart Pumps Market (http://www.industrialautomation.frost.com). It pointed to a Euro 2020 directive for a 20% reduction in greenhouse gas emissions from 1990 levels, which would point to external stakeholders driving change.

Avantis' reply to the new ISO 55000 Standard, #Avantis #InRIM

ISO 55000 What are your Options?

Author: VictorLough, Product Manager, Asset Management

You may or may not be aware of the recent global ratification of the ISO 55000 standard for Asset Management. You should be aware that this formal standard will drive change in the way you go about doing business. At its core is a quality management process with a view to continuous improvement. The principle point is that the standards intent is to make Asset Management Strategic, driving interdepartmental collaboration, including strategic lifecycle Asset Management and a bottom to top strategic procedural alignment to drive the change. This poses a policy question to business executives as to how to respond to this event.  

There are at least four ways that you may wish to respond.

ISO 55001 Asset Management Launched

The new international standard for “asset management system” was introduced to the market in January 2014. ISO International Standards ensure that products and services are safe, reliable and of good quality. 

The International Organisation for Standardization has recently launched ISO 55001. This new international standard - which was introduced to the market in January 2014 - specifies the requirements for the establishment, implementation, maintenance and improvement of a management system for asset management, referred to as an “asset management system”.

ISO 55001 can be applied to any organisation where physical assets are central to their business. This has been proven very successful, with widespread adoption in utilities, transport, mining and manufacturing industries worldwide and is primarily intended for use by:

—    those involved in the establishment, implementation, maintenance and improvement of an asset management system;
—    those involved in delivering asset management activities and service providers;
—    internal and external parties to assess the organisation’s ability to meet legal, regulatory and contractual requirements and the organisation’s own requirements.

Read more: http://www.digitaljournal.com/pr/1744876#ixzz2tt4W6WeS