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The Plant & Facilities Engineering Blog is the place for conversation and discussion about mechanical and electrical systems, automation and instrumentation, maintenance and management, and products & services as they relate to plant and facilities operation. Here, you'll find everything from application ideas, to news and industry trends, to hot topics and cutting edge innovations.

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Asset Management: More Than a Spreadsheet?

Posted October 18, 2011 7:00 AM

Physical assets from buildings and forklifts to stamping machines are the distilled essence of any company. As you would expect, keeping those assets in top condition directly adds to the worth of your company. Do you have an asset management process in place at your location? If so, is it basically a list of equipment and locations, or does it also include valuable data from conditioning monitoring equipment and processes that can help you avoid unscheduled downtime?

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