Asset Reliability Transformation_ The Maintenance Perspective

1. Asset Reliability Transformation: The MaintenancePerspective • Persistent volatility in global trade and evolving geo-economic climate have propelled even the more conservative businesses towards digitalization and asset optimization. With better control of production costs and seamless visibility of the supply chain, even the harshest market conditions can be toughed out. As more and more manufacturing leaders come to realize this, asset reliability has taken center stage in Industry 4.0-related technologies and production best practices. • But what does asset reliability mean for operation and maintenance managers? How does the concept translate into viable strategies? In this article, we will discuss asset reliability transformation, how more reliable plants can be built and maintained, and what it would mean forthe asset maintenance teams of tomorrow. • WhatisAssetReliability? • Reliability as a term often revolves around adherence to defined standards, a set of expectations, and consistent performance. For most industrial assets, reliability means performing within pre-defined operating conditions and delivering expected results. In a production environment, therefore, an increasing focus is shifting toward asset reliability management.Reliable assets: • Experiencelesserbreakdownandcomponentfailures • Areavailablewhenevertheyarerequiredintheproductionprocess • Saferandmoresustainabletooperate • Adheretoregulatoryandqualitystandards • Minimizenetmaintenancecostsandeffort

2. Although, throughout Industry 4.0, there has been a gradual buy-in from manufacturing leaders for prioritizing asset reliability, the ‘how’part of it has beenremiss. Operations and maintenance managers understand the need for reliable assets in their production plants, but how to make availableassets more reliable is still notwell understood. With asset reliability transformation, the status quo is changing and manufacturing industries are beginningto develop scalable and sustainable strategies to improve asset reliability. ToKnowmoreaboutMaintenancePerspective: https://www.infinite-uptime.com/asset-reliability-transformation-the-maintenance-perspec tive/