industrial asset management

Industrial asset management that does not end in inventory.

An asset creates value when its identity, condition, history, and operational role stay connected. Management stops being a list when it improves decisions.

Maintenance– ×
OVERVIEW● RUNNING
FAILURE MODES · RCM
Motor M-204 · line 2 conveyor
High criticality: stops the line
MTBF
56 days
since July
MTTR
28 min
40, 15 and 30 min
FAILURES
3
Jul 14, Sep 22, today
6205 bearing wearToday 10:02 · 4.1 mm/s · WO 42
Effect: Vibration and heat; stops line 2Detected by: Vibration and temperature sensorTask: Continuous monitoring, 3.5 mm/s limit
Coupling misalignmentJul 14 · Pedro · 40 min
Effect: Wears out the bearingDetected by: Measured during maintenanceTask: Align every 3 months
Loose couplingSep 22 · Luis · 15 min
Effect: Knocking, the belt loses speedDetected by: Operator inspectionTask: Check bolts every shift
Motor overloadNo events
Effect: The drive stops the beltDetected by: Current read from the PLCTask: Alarm in the PLC
VIBRATION, 4 MONTHSlimit 3.5 mm/s
🏠👁️📦💧⚡🔧🛡️🌡️

Build an operational identity

Maintain an asset’s location, function, criticality, and technical relationships.

Relate history and condition

Review interventions and events alongside the signals that explain current condition.

Decide by risk

Prioritize resources where failure threatens continuity, safety, or quality.

01

What asset management is

ISO 55000 defines it as the coordinated activity of an organization to realize value from its assets. Value, not just availability: it includes cost, risk, performance and compliance across the whole life of the equipment.

02

ISO 55000, 55001 and 55002

55000 sets principles and vocabulary; 55001 the certifiable requirements of the management system; 55002 the application guidance. The central document is the SAMP, the strategic plan that links business objectives with what is done on each asset.

03

Life cycle and total cost

Acquisition, installation, operation, maintenance, renewal and disposal. Purchase price is usually less than a third of total cost of ownership; the rest is energy, maintenance, downtime and spare parts over the useful life.

04

Hierarchy and criticality

Plant, line, machine and component, with a criticality per asset based on the consequence of its failure on safety, quality, production and cost. That hierarchy is what allows comparing assets and prioritizing resources.

05

Inventory is not management

A spreadsheet answers which assets exist. It does not answer which are critical, what condition they are in or which intervention changes the operational risk.

06

The asset needs context

Each machine must be linked to line, process, sensors, documents and work orders. That relation avoids searching for information across separate systems.

07

Start with the most visible risk

Select a family of critical assets, clean their identity and connect the history. Then use that base to expand the program without replicating chaos.

08

CMMS, EAM and a platform with context

A CMMS manages work orders; an EAM adds life cycle and finance; a platform with context adds real-time equipment signals. AI suggests priority from that data; the planner decides.

The inventory with criticality calculated, in Excel

List your equipment by plant, line and component, score from 1 to 5 and the spreadsheet calculates criticality and class A, B or C. The summary counts how many critical assets have no signal today: that is where to start.

Related

Turn inventory into operational context

Start free with the app. Your team logs from the first shift.

  1. 1Create your company, free
  2. 2Pick your trade: maintenance, production or safety
  3. 3Add systems and machines when you want

No credit card. Your data stays yours.

PLANT · SHIFT A
Tasks
Luis · maintenance
OVERDUE
Sugar silo 1
No signal since 05:40
Sensor · supply
TODAY
M-204 vibration
4.1 mm/s, above normal
Detected by the sensor
PROPOSED
Check the capper
14 badly seated lids since 08:30
AcceptDismiss
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