Yearly Archives :

2016

How to Improve Asset Uptime

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Based on the industry survey, 70% of equipment failure are self-induced where 40% of them due to human error. The blame can be distributed to various functions; maintenance, engineering, operation, quality & management. Standard Operating Procedure for Operations This is a tough one to complete. Most company only use generic terms to define an activity like…

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Who should calculate the Mining Equipment Cost?

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Reliable equipment cost estimating requires : Experience Judgement Attention to detail And the best cost data available Specification information helps you select the right size and type of equipment for your project. Horsepower ratings help you determine fuel or power requirements. Current list prices help you determine your capital budget for equipment. Hourly operating costs…

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Why you need to measure maintenance cost?

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Maintenance is one important part of operating your equipment and its a cost of doing business thus required to be reported in the financial statement. Maintenance costs normally involve many variables; workforce, part replacement & usage, tools rental etc. the purpose of measuring maintenance cost of each asset is to set a benchmark in comparing…

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5 Tips to improve your heavy equipment lifetime

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Heavy machinery is an expensive piece of equipment that needs a lot of attention to help them working at an optimum level of performance. Having a damaged equipment cost a fortune for the company to fix includes the loss of production time which is even a bigger loss. Here are some tips to help you…

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Learn from PokemonGo to re-discover your assets

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If you’re into the news lately you could not have missed all the hype with PokemonGo app, where people trying to catch all the monster using their phone by scanning their surrounding. There are many companies operating today still doesn’t have enough information about their assets, whether it’s the equipment lying around their office branches, infrastructures,…

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Late maintenance definitely means more expenses

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The terms “Predictive maintenance” is already replacing scheduled maintenance as a way to keep your asset in top performance, yet many companies still in late maintenance mode. Being late is mostly not done on purpose instead, it was due to lack of real-time information. What would happen due to late maintenance? Void in warranty, license…

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Did you get an accurate asset expense report?

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Did you spend many hours every month just to validate your company’s asset expenses? Making sure all the claims are valid, comparing historical records and eventually ended up draining million & billion of cash without any assurance that the expense is truly worth the performance. What makes asset expense claim valid? 1. Asset operator needs…

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