ABSTRACT

OPTIMIZING MAINTENANCE THROUGH EFFECTIVE ASSET MANAGEMENT

Asset Management and Maintenance are two interconnected business areas within an organization that significantly impact each other. Here's a breakdown of how Asset Management influences maintenance:
Optimized Asset Lifecycle Management: Asset Management involves efficiently managing assets throughout their lifecycle, from acquisition to disposal. By implementing effective Asset Management practices, organizations can ensure that assets are utilized optimally, reducing the likelihood of unexpected failures and the need for reactive maintenance.
Data-Driven Decision Making: Asset Management relies on data collection and analysis to make informed decisions about asset performance, health, and Maintenance requirements. By leveraging data analytics, best available technologies and predictive maintenance techniques, organizations can anticipate maintenance needs, schedule maintenance activities proactively, and prevent costly downtime.
Resource Allocation: Asset Management helps organizations allocate resources effectively by identifying critical assets, prioritizing maintenance efforts, and allocating budgets accordingly. By understanding the condition and performance of assets, organizations can optimize Maintenance schedules, allocate resources where they are most needed, and minimize unnecessary expenditures.
Risk Management: Effective Asset Management enables organizations to mitigate risks associated with asset failures and downtime. By identifying potential risks and implementing predictive maintenance strategies, organizations can reduce the likelihood of asset failures, minimize safety hazards, and ensure regulatory compliance.
Performance Monitoring and Improvement: Asset Management provides insights into asset performance and reliability, allowing organizations to monitor key performance indicators (KPIs) and identify opportunities for improvement. By tracking asset performance metrics, organizations can benchmark performance, identify inefficiencies, and implement continuous improvement initiatives to enhance asset reliability and productivity.
Compliance and Regulatory Requirements: Asset Management helps organizations comply with industry regulations and standards by ensuring that assets meet safety, environmental, and regulatory requirements. By maintaining accurate records, tracking asset history, and implementing appropriate Maintenance practices, organizations can demonstrate compliance and avoid penalties or fines.
In summary, Asset Management plays a crucial role in influencing maintenance practices by optimizing asset lifecycle management, enabling data-driven decision-making, allocating resources effectively, mitigating risks, improving performance, and ensuring compliance with regulatory requirements. By integrating asset management and maintenance processes, organizations can enhance asset reliability, minimize downtime, and maximize the return on investment in their assets.
Introduction of the EAMC within the EFMSN (European Federation of National Maintenance Societies)
In light of the prevailing lack of recognition for the advantages of Asset Management across Europe, the primary objective of the European Asset Management Committee (EAMC) is to spearhead its promotion. To achieve this, the committee endeavours to provide a comprehensive suite of initiatives, including workshops, training sessions, and, more recently, certification programs, aimed at illuminating the pivotal role of Asset Management within businesses.
The conference will serve as a platform to highlight the diverse opportunities and essential prerequisites associated with training and certification in Asset Management across various professional tiers.
 

BIO

Janez Tomažin, works as a senior Asset Management consultant. With rich experience in different functions within asset life cycle management in paper and glass industries, he supports organizations in implementing AM and/or improving associated processes. He’s a chairman of EAMC (European Asset Management committee) at EFNMS, chairman of TC-VZD at SIST (Slovenian Institute of Standardisation), member of TC319/WG10 at CEN (Maintenance within Asset Management), contact person of EFNSM to GFMAM and member of GFMAM project Asset Management Landscape revision. He is also an expert in lubrication systems and oil care.