Equipment Asset Management
Whether you make paper, generate power, process chemicals, produce food and beverages or manufacture steel, aluminum, tires or other products, if you depend upon equipment assets to deliver value to your shareholders and other stakeholders, the reliability of that equipment must be on your top-five executive priority list. This whitepaper discusses how reliability system deployment (RSD) enables effective equipment asset management (EAM), which in turn enables Lean manufacturing and business strategies. Most important, it links RSD, EAM and Lean manufacturing to creating a healthy income statement, a lean balance sheet and managed risk, which in turn drives maximized return on net assets (RONA) and, eventually, share price. It also discusses the benefits and the framework you need for achieving reliable equipment asset management.