Asset Management and Reliability (AM&R)

How Loss Prevention Improves Productivity

We have all heard of 5S, continuous improvement, long-term sustainability programs, etc. to improve productivity, but often these programs fall short or do not produce the desired results or savings. Why? While excellent programs, they struggle when adopted in a standalone fashion. However, they all fall within the realm of an Asset Management and Reliability (AM&R) program. 

AM&R evaluates how tangible and intangible assets fit in your plant sites, production streams, corporate structure, and identifies the best actions suited to maintaining those valuable assets. AM&R also identifies gaps and troubleshooting in your current programs, benchmarks those results and evaluates the overall lifecycle of your equipment. Best of all, AM&R identify ways to save you money, optimize maintenance practices and keep you ahead of your competitors.

Improving Your Bottom Line

Implementing a comprehensive Asset Management and Reliability program will provide benefits such as:

Standardization – Standardizing to equipment results in decreased sparing and maintenance costs, lower administration costs and improved runtime.

Identifies Run to Fail Assets – The upfront programs are critical for these assets to minimize day-to-day maintenance. Every maintenance action takes time and time is money.

Long-Term Planning – Asset replacements often require an outage. Good planning can reduce outages and increase uptime.

These are just a few of the advantages of a robust AM&R program. A formal program can reduce emergency maintenance which is at least three times more costly than planned preventive/predictive maintenance. 

Get Started Today

TÜV SÜD Global Risk Consultants (GRC) experts are well versed in assisting in AM&R programs and hold expertise in a variety of industries including mining, food and grain, power generation and energy, manufacturing, and more. TÜV SÜD GRC AM&R program will:

• Assist in developing a criticality matrix for assets
• Determine how asset(s) fit in the company structure
• Evaluate maintenance against best practices (GAP analysis) to deliver higher performance

Our AM&R program helps you define corporate and plant level KPIs critical to your operation. Contact TÜV SÜD GRC today to find out how an AM&R program can improve your productivity and long-term sustainability.

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