Asset Management Archives

The difference between computerized maintenance management systems (CMMS) software and enterprise asset management (EAM) software can sometimes be difficult to parse, as there is a significant overlap between the two.  The main difference is in scope and functionality—CMMS is focused on maintenance operations, while EAM covers a broader range of asset management activities, including procurement, disposal, and financial management. This article will explore the differences and overlaps between these two software solutions to help you narrow down the best options for your organization.  What Is CMMS? A Computerized Maintenance Management System (CMMS) is a specialized software solution that assists businesses...

What is EAM? Enterprise Asset Management (EAM) provides a comprehensive overview of an organization's physical assets and infrastructure across their entire lifecycle. EAM software makes this process possible. Organizations can track the lifecycle of their assets, and all associated work orders, maintenance, repair, and operations (MRO) materials management, labor management, and automated reporting by utilizing a powerful EAM platform. For those asking “what is EAM,” we will cover the most significant advantages organizations can gain from implementing EAM (or upgrading their current EAM system to a more modern one). We'll also discuss LLumin's CMMS+, which can assist a company in...

Since early 2020, organizations that rely on industrial machinery have faced labor shortages, disconnected markets, and disrupted supply chains. We know that the impact is more pronounced for organizations that operate on different machinery and assets. So how can companies move forward? To thrive for the remainder of 2022, companies should adopt the Internet of Things (IoT)-enabled automation not only as insurance for mitigating future risk—but also as a fundamental business strategy. Primary issues must be addressed for asset-intensive operations and industries: Knowing exactly which type of (and how much) equipment their plants or operations own and leaseAcknowledging what parameters...

Beverage Maker’s Use of LLumin Products Across Five Plants Delivers Continuing Business Benefits How can Asset Performance Management software, combined with enterprise level Materials and Inventory Tracking software, help food and beverage companies modernize their manufacturing operations? Over a decade ago, beverage maker SunnyD installed LLumin’s READYAsset and READYTrak suites to cover its five North American plants - and is still counting the ways. The stakes couldn’t be higher in the every-second-counts environment that SunnyD operates in.  Their plants run 24x7x365. Avoiding downtime through predictive maintenance was a key reason the company installed LLumin’s sophisticated software suites. Avoiding machine and...

Supply chains are not impervious to disruption, be they caused by natural disasters (pandemics, earthquakes, hurricanes, etc.), changes in political leadership, military actions, tariffs and viruses. That’s because manufacturers often rely on parts produced in countries around the world to manufacture their finished products. In the resulting world of turmoil, manufacturers can take decisive steps to deal with anticipated – and in some cases actual – disruption in their international supply chains. Part shortages are a distinct possibility, a situation that could cripple production and grind plants to a halt Fast action, advanced software required Though an extended parts shortage...

With companies across vertical industries seeking predictive maintenance to minimize costly machine and production downtime in industrial manufacturing, interest in enabling a mobile workforce is climbing quickly. Providing maintenance staff access to your data from a smartphone or tablet lets them stay on top of issues at any time of day, from any location. The difference between expensive problems and smooth maintenance resolution can be just a matter of minutes.  In fact, the average cost of downtime across all businesses is roughly $260,000 per hour. That's according to Aberdeen Group, a research and consulting firm. The answer? Provide your maintenance...

Red Cedar Gathering uses the asset management to do predictive and preventive maintenance by monitoring and analyzing historical and real-time data such as temperatures and pressures. “The additional data helps us keep a close eye on the condition of the equipment,” says Velasquez. “We now proactively measure the condition of our equipment and set historical and condition-based rules. We record machine data to see the condition of our equipment and use preset rules to identify out-of-spec conditions.” “We can also now analyze the data and optimize the treating capabilities. We keep tighter thresholds on temperatures now and have a more...

The lack of a spare part for one of the machines in your plant can lead to downtime. If a critical part is not in stock, the plant runs the risk of extended downtime from equipment failure. However, inventory is expensive. If a company is overstocked and has too many spare parts, it is overpaying for storage, and the parts may become obsolete as manufacturers update their lines. How do you find the right balance? With legacy equipment, a preventive maintenance approach could help provide that equilibrium between having too many parts sitting in stock rooms and not having a...

After years of working with customers to implement software and systems that gather data, I’ve noticed the process is often implemented backward.

In manufacturing plants, a high-performing, reliable asset base is critical. Maintenance staff must keep machines running and operating at peak efficiency. They can achieve this by using the data available to repair machines and systems before they break down and to fine-tune performance while they are running. That’s where the Internet of Things (IoT) comes in. Manufacturing is the industry that spent the most on IoT this year. IoT spending among manufacturers is largely focused on solutions that support manufacturing operations and production asset management. And for a good reason. IoT can deliver significant benefits by providing real-time status information...