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What Are Uptime Elements for Asset Management?- Webinar

01/27/2021


The above video is a recording of a webinar given on 1/21/2021. Click on Uptime graphic to view webinar.

What is Uptime Elements as it relates to your asset management strategies?

Join our webinar to find out more about how Uptime Elements can benefit your enterprise. 

At its simplest level, the Uptime Elements framework is a language that aligns stakeholders across your organization for improved reliability in your company's operations.

All things that can be mastered begin with the acquisition of a specialized language that contains words, concepts and ideas.

An example would be a doctor in medical training who begins by studying the specialized words, phrases and concepts related to the practice of medicine. The same is true for reliability.

Do You Know What Equipment is in Your Plant?

04/28/2020


Do you know what equipment you have in your plant? The unfortunate truth is that if you are like many others, you don't!

True story!

Consider these real examples of what a facility told us about how many electric motors were in their plant, versus what they really had:

  • Power plant: Told us they had 6,000, Reality: 9,000 (+50%)
  • Power plant: Told us they had 5,000, Reality: 11,000 (+120%)
  • Paper mill: Told us they had 300, Reality: 800 (+166%)
  • Steel mill: Told us they had 15,000, Reality: 27,000 (+80%) and had 3000 spare motors with no matching applications

So, let us ask again ... are you really sure you know what you have on hand in the way of equipment?

Performing an Equipment Survey

Here at HECO, we perform equipment surveys so that you know exactly what you have on hand. We will help you establish your minimum and maximum stock levels based on technical data, not a stock number. You will be able to identify areas of excess or insufficient coverage so you can make sure your critical application needs are met. And the results of our equipment surveys contain much more information than a list of electric motors in a spreadsheet -- these surveys include both the driver of the equipment and the driven equipment.

As part of this asset survey, we will record all nameplate and critical data for all your plant locations along with application information. Each asset is tagged with a unique identifying number to allow it to be tracked throughout the remainder of its life. This information is then entered into the TracRat Repairable Asset Management Software.

Once everything has been entered into TracRat, an Inventory Analysis Report is generated that includes information on in-service to spares comparisons, obsolete inventory, in-service reports sorted by equipment type or application, and custom reports that can be sorted by nameplate data.

Our team can also help you standardize your equipment where possible, as well as reduce your inventory to get rid of obsolete assets. HECO will help you deal with those obsolete assets through scrapping them or selling them through consignment or attrition.

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