Up Time Magazine- February/March 2008

Accurate, Readily Accessible Data Managing physical assets effectively in order to gain the greatest value begins with and demands accurate, readily accessible data that are easy to use by R&M professionals. Meridium, developed with constant direction from and in close partnership with industry leaders (gained individually and in broad steering meetings), recognizes the critical nature of good, useful data and features enterprise integration to EAM systems, process historians and engineering management systems. Useful data (including current performance, condition and cost) can be combined with advanced analytic tools capable of identifying variations from objective performance, sorted by criteria such as safety incidents, lost opportunity, excessive cost and priority-one work orders. This information can come from a variety of sources, legacy or otherwise, that may contain maintenance, process, engineering, and financial data. Combined with this information (whether from Meridium, handhelds, legacy systems, or spreadsheets) Meridium addresses all requirements for an effective business- and reliability-driven APM program. As the Meridium APM solution has resolved the headache of data integration and manual data analysis, companies have been able to leverage advanced analysis techniques. But, Meridium also recognizes that much of the improvement in data collection and management must start with employees. To this end, Meridium provides consulting, training, and certification to companies working toward world-class status through the adoption of enterprise asset performance strategies, execution, and evaluation practices. Meridium consultants assess existing practices, procedures and resources to understand the technical, organizational, financial and management issues that affect asset performance. They also work as change management facilitators who help organizations adopt an APM-focused culture that ensures good data collection and data management. Meridium provides built-in content with templates based on industry best practice and knowledge for a less experienced user, which can speed up results and thereby increase the attractiveness and value of a reliability application. Long a contentious issue in the field of Reliability Centered Maintenance (RCM), there is a growing consensus that utilizing Figure 5 - The Production Analysis solution provides direction to the defect identiﬁcation and elimination process. costs, logistical constraints and downtime/ consequence costs to provide an availability and reliability profile. With the results of the Spares Optimization module, organizations can now determine the appropriate level of spares inventory to balance an optimal level of equipment uptime, as well as inventory capital and holding costs. These three suites of solutions – Strategy Management, Condition Assessment and Performance Management – are built upon an enterprise-class, fully integrated database that allows for the APM methodologies and processes to be deployed in a standardized fashion to gain maximum value, foster continuous improvements and leverage information and benefits across the organization. Figure 6 - The Spares Calculator helps assess the optimal level of spares. www.uptimemagazine.com 27 http://www.uptimemagazine.com

Table of Contents Feed for the Digital Edition of Up Time Magazine- February/March 2008

Up Time Magazine- February/March 2008 Contents Upfront Upclose: Lessons Learned from the Walter Reed Story Information Technology: Parenting and Asset Performance Infrared: It's Alive! Lubrication: A Sense of Change Maintenance Management: PdM, Standardized Motor Testing: Being Well Connected Precision Maintenance: How to be Marketable Reliability: The Voyage of Wells Dairy Ultrasound: Two is Better Than One Vibration: Diagnosing a Cracked Shaft Upgrade: A Different Kind of Journey

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