Enterprise Asset Management System

2013 ◽  
pp. 57-70
Author(s):  
Nooruddin Ahmed
Keyword(s):  
Asset Management ◽  
Management System ◽  
Oil And Gas ◽  
Internal Resources ◽  
Novel Approach ◽  
Lean And Green ◽  
Asset Management System

Any ERP/EAM implementation is a complex journey. No matter how prepared, more often than not you end up like a traveler on a tour of countries where most people look, dress, and speak differently from you. The feeling is of a lost tourist with a map and language guide ambling through unfamiliar terrain, barely coping to do some of the normal things one took for granted. The analogy goes further; it takes time to familiarize oneself with routes, signs, language, and people to barely get along, and you find your trip ending and you move on to the next country on your tour. Similarly, just as you think you are finding your way with your ERP/EAM, someone announces it is time to upgrade, and you start to move again. After nearly 15 years of conventional projects, the case of a particularly interesting implementation came along in the UAE for a major Oil and Gas Services Company. A novel approach was mandated by necessity. The project was managed remotely and executed primarily by internal resources, making it a lean and green implementation.

scholarly journals Physical Asset Management in Equipment-Oriented Industries Using the Equipment Life Cycle Management Approach

2021 ◽  
Vol 15 (3) ◽  
pp. 323-329
Author(s):  
Hassan Adshirinpour ◽  
Mohammad Mehdi Movahhedi ◽  
Hedieh Divsalar ◽  
Shahla Sohrabi
Keyword(s):  
Life Cycle ◽  
Asset Management ◽  
Management System ◽  
Oil And Gas ◽  
Life Cycle Management ◽  
Management Approach ◽  
Physical Asset ◽  
Asset Management System ◽  
The Cost ◽  
Assets Management

Proper assets management and maintenance, especially equipment in the value chain of an organization, the failure of which leads to interruptions in the system and waiting in the production line, are very vital and of special importance in "equipment-oriented" organizations, including industries such as oil, gas, petrochemicals, steel, minerals, companies involved in the production and distribution of water, electricity, etc. Usually such organizations have a constant need to create an efficient and effective life cycle in order to achieve an efficient physical asset management system. The present study aimed to investigate the physical assets management in equipment-oriented industries with the equipment life cycle management (resource-based) view in oil and gas industries with a case study in an upstream oil industry company (namely North Drilling Company). For this purpose, first 15 criteria have been obtained based on literature review and research literature for evaluating the performance of physical asset management in oil and gas companies. Then, eight of the most important performance evaluation criteria were determined based on experts’ opinions and the fuzzy Delphi method, and in the next step, these criteria were weighted using the fuzzy SWARA method. According to the results, the most important criterion is the cost of maintenance and the least important is the cost of service-support. Finally, solutions are presented in the form of practical suggestions to improve the physical asset management system in this company.

Asset Inspection Management System as a Reliable Inspection/ Monitoring Tool

2020 ◽  
Vol 78 (12) ◽  
pp. 1276-1285
Author(s):  
Shibu John A
Keyword(s):  
Asset Management ◽  
Management System ◽  
Balance Sheet ◽  
Integrity Assessment ◽  
Material Evaluation ◽  
The People ◽  
Physical Assets ◽  
Asset Management System ◽  
On Time Delivery ◽  
Capital Intensive

Enterprise asset management (EAM) systems are used by asset owners and/or operators to manage the maintenance of their physical assets. These assets, including equipment, facilities, vehicles, and infrastructure, need maintenance to sustain their operations. An EAM system provides the means to have less unplanned downtime and extended asset longevity, which offers clear business benefits that improve the profit and loss statement and balance sheet. Particularly for capital-intensive industries, like drilling and exploration, the failure of on-time delivery of critical equipment or processes is disruptive and costs nonproductive time and customer satisfaction. Organizations understand these issues and employ an appropriate asset management system to engineer their asset maintenance and management. An EAM system is needed to manage the people, assets/equipment, and processes. EAMs are used to plan, optimize, execute, and track the needed maintenance activities with associated priorities, skills, materials, tools, and information. Similarly, nondestructive testing (NDT) is used as a tool for integrity assessment of assets in drilling and exploration. The main advantage of using NDT is that the item’s intended use or serviceability is not affected. The selection of a specific technique should be based on knowledge and skills that include design, material processing, and material evaluation. Validating the purpose of this paper, we emphasize the importance of optimizing the asset utilization and serviceability to enhance overall efficiency by integrating EAM software that manages assets, the operation management system (OMS) controlling the processes, and asset inspection management systems (AIMSs).

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