We live in a digital era, increasingly connected, with increased competition, higher community scrutiny and increased stakeholder requirements. Our assets and equipment must perform as intended in a safe and reliable manner over its service life to ensure sustainable success of any enterprise. Whilst external factors and requirements may change, the laws of nature do not. Indeed, our science, technology, engineering, and mathematics are our tools available to manage and shape the future.
Maintenance is an essential component in sustaining the performance of assets and equipment over their life cycle. Just doing maintenance for the sake of maintenance is not only inappropriate and cost ineffective, it can also be dangerous due to the inability of being able to respond to emerging threats and risks that may create a safety or environmental incident. Having maintenance strategies, plans and tasks that reflect the current operations and condition of your assets and equipment is vital to ensure safe and reliable performance.
Long-term sustainable performance and licence to operate can only be achieved through a demonstrable structured and transparent approach to maintenance. Maintenance that reflects business drivers and requirements throughout the life of your asset and equipment is essential to sustaining shareholder returns.
As your asset and equipment age, there tends to be an increased focus on bottom line performance with higher stakeholders and community requirements. The ability to adjust your maintenance to be fit for service across its intended life is paramount to ensure not only your assets and equipment operate as intended but ensuring the safety, sustainability, and growth of your investment is maximised.