The document discusses asset management and maintenance challenges facing industries. It notes that maintenance is important for efficient operations but that modern organizations must improve maintenance processes. It also highlights symptoms of ineffective maintenance like frequent downtime and emergencies. The document proposes using predictive maintenance techniques and condition monitoring to move from reactive to proactive maintenance in order to increase asset lifespan, reduce costs, and ensure reliable operations. Case studies show how specialty products and services helped industries extend maintenance intervals, reduce downtime and costs, and improve productivity.

1. ASSET MANAGEMENT A Maintenance perspective…..

2. CHALLENGES –Maintenance IndustryTo select the most appropriate techniques to deal with each type of failure process in order to fulfill all the expectations of the owners & users of the assetsCost-effective and enduring Solutions Ensure Zero SurprisesOrganization CultureUnderstanding ChangeIncreasing Production Demands

3. Maintenance ManagementMaintenance, as apart of the wider scope asset management, is of central importance for an efficient operation of Industry.

4. Modern organizations must move toward improving the maintenance process.

5. Preserving assets while fulfilling the overall mission of the company is key to any maintenance effort.

6. Development of new applicable maintenance techniques is the need of the HourSymptoms to RecognizeToo many emergencies. Everything is Priority One.High Inventory CostsFixing the same thing over and overFrequent DowntimeLate product or service delivery due to equipment problems

7. Growing expectations of Maintenance

8. Changing Maintenance Techniques

9. Asset Management-PresumeMachinery and Equipments must be preserved and Productive Life must be ExtendedMaintenance & OE Norms must be challengedThe original composition & performance of machinery and its components change due to a multitude of factors that include age, temperature, vibration, duration of operation, corrosion and other environmental factorsConcept of Making Maintenance a Profit CentreUse of Specialty Consumables with a view to Extend Useful Life of Productive AssetsProductive Assets must be monitored in Real Time

10. MethodologyBenchmarking Survey

11. Assessment of maintenance practices and production processes

12. Evaluation of Machinery and Parts

13. Identification of Critical Machineries

14. Assessment of Spare part Inventories & Costs

15. Collection and collation of DATA BEFORE application