Asset Management Archives

Downtime in a plant or facility leads to lost productivity. It disrupts operations, causes maintenance staff to divert time from scheduled projects, and can have significant negative business implications, including lost revenue, significant unplanned expenses, missed deadlines and damage to a company’s reputation. To avoid these problems, manufacturers and facility and plant managers are moving away from traditional maintenance methods where you wait for something to break, and then you fix it. Reactive approaches like this result in disruptions and unplanned downtime. A better approach is preventive maintenance, which is a routine for periodically inspecting equipment with the goal of...

Augmented reality (AR) allows users to enhance their field of view with real-time superimposed digital information. The technology is now being more widely used in maintenance and repair operations, and its value is enhanced when complemented with data and historical knowledge from asset management systems. Using AR in maintenance and repair allows technicians to receive information about specific assets instantly. Similar to the way a person can use different monitors and projection devices to view data, an AR system would take data (in this case from an asset management system) and project it onto goggles or camera-enabled mobile devices for...

Pivotal asset management technology helps companies stay in business during difficult economic times.

Watch Ed, LLumin's CEO, talk about how to use lean principles to manage critical automation assets. LLumin’s CMMS software suite minimizes machine, production and operations downtime while reducing financial, regulatory & legal risk. The CMMS software easily integrates to Rockwell's systems so customers can use operations data and information to extend the life and value of their assets.