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Judicious Asset Management Key to Energy Industry Competitiveness

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Steve Ninnes, CEO and Founder of MEX emphasises that a proper asset management system is key to ensuring companies remain competitive in the commercial market.  

While the prolific growth of Australia’s energy sector has created enormous new opportunities for industry players, the rapid growth also presents a growing risk for all companies involved with the underutilisation and improper management of their burgeoning, expensive and geographically-diverse assets.  

Major players in Australia’s energy industry have been quick to embrace computerised maintenance management software (CMMS) to keep up with the changing priorities in this asset-rich environment.  

In the current scenario, it is also important to use a CMMS solution that does more than capture data, asset details and maintenance strategies.  

Companies in the energy sector need their asset management and maintenance solution to meet the following four effectiveness checks:  

Check One: Connectability  

Most players in the energy sector have geographically distributed operations underlining the need for centralised reporting.  

Individual maintenance departments on each site require a CMMS through which they can organise, schedule and complete planned work as well as adhoc repairs.  

Centralised reporting will ensure that reports from individual sites are analysed and compared to identify any commonality in issues such as equipment failure.  

The most effective CMMS solution aligns different business units to common standards, regardless of the geographic area covered.  

Check Two: Adaptability  

Having computerised maintenance management software integrated with broader business management systems can limit the organisation when change occurs, especially when any alterations to the CMMS means a costly and unappealing upgrade to the entire business management system.  

The ideal CMMS will still need to integrate with the organisation’s existing IT infrastructure but it also operates best as a standalone module.  

Check Three: Mobility  

Mobile devices such as iPads and iPhones are increasingly being integrated into business operations of geographically distributed companies since diverse geographic locations and transient workforces demand mobility.  

Many CMMS systems are not compatible with mobile devices. Companies need to identify computerised maintenance management software, which uses Microsoft’s Silverlight, a free web browser add-on similar to Flash or Java, which is powered by the Microsoft .NET framework and is more compatible and interactive than their competitors.  

Silverlight also offers greater graphic capability and its compatibility with mobile devices allows for enhanced visual representations of asset management and maintenance while on the move.  

Check Four: Information Capture and Decision-Making  

A CMMS solution needs to be robust to enable information capture from multiple locations while being user-friendly to accommodate diverse workforces.  

Insights enabled by accurate reporting of assets, their performance and their maintenance provide the true cost-savings for businesses. Decision-makers need to access these insights to be able to act upon them in a timely manner.  

Those energy industry players will retain their competitive edge in the market through total control over their growing asset base.

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