Avoiding the ‘asset death spiral’ and increasing returns with effective asset management

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 30 Apr 2012   Posted by admin


DUE to limited asset management planning, Australian resource industries have had to deal with a significant number of inefficient and under-performing assets with high life cycle costs. “One of the biggest problems we’re seeing is a lack of integration between organisations’ operational strategies and their asset management policies,” Fluidtech International spokesperson Troy Andrews said.
“This leads to an increase in expenditure required on maintenance, particularly as equipment gets older, which in turn shortens the equipment’s cost-efficient life cycle and quickly  leads into an ‘asset death spiral’,” he said.
Asset management has become more important than ever before, and requires strategic identification and procurement of the best products available, as well as planning for logistics, maintenance, spares, risk minimisation and expenditure reduction.
Effective asset management calls for the right equipment, support facilities, logistics and skilled employees, which can develop into a large undertaking. Fluidtech’s asset management services solve this problem by providing experienced site facilitators who oversee the management of each customer’s hydraulic and lubrication systems, allowing them to focus their resources elsewhere.
Fluidtech’s site facilitators conduct requirement audits, allowing them to gain an intimate knowledge of an organisation’s needs in order to create an effective plan for the servicing, repair, design and installation of assets to meet each company’s goals.


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