{"id":15646,"date":"2019-06-25T20:50:46","date_gmt":"2019-06-26T04:50:46","guid":{"rendered":"http:\/\/www.palada.net\/index.php\/2019\/06\/25\/news-9394\/"},"modified":"2019-06-25T20:50:46","modified_gmt":"2019-06-26T04:50:46","slug":"news-9394","status":"publish","type":"post","link":"http:\/\/www.palada.net\/index.php\/2019\/06\/25\/news-9394\/","title":{"rendered":"Asset Optimization \u2013 the cherry on top of your APM strategy"},"content":{"rendered":"

Credit to Author: Sophie Borgne| Date: Tue, 25 Jun 2019 10:00:55 +0000<\/strong><\/p>\n

\"\"It\u2019s time to talk about Asset Optimization. But before we do that, let\u2019s recap. This post is the final in a 4-part series on Asset Performance. Imagine you\u2019ve taken all my advice so far, and you\u2019re on your way to enhancing Asset Performance<\/a>. First of all you addressed Asset Reliability<\/a> and made sure your assets are running and available. Secondly you looked at Maintenance Excellence<\/a>, picked the right strategy for maintenance and you\u2019re using your budget effectively and avoiding unplanned downtime. Now what?<\/p>\n

The next step is to ask yourself \u2018are your assets running as efficiently as they could be\u2019?<\/strong><\/p>\n

This is where Asset Optimization comes into your Asset Performance Management strategy. Asset Optimization is like the Goldilocks of Asset Performance.<\/p>\n

The right balance gives you the best of both worlds<\/strong><\/p>\n

Today in business we hear about the \u2018Goldilocks Principle<\/a>\u2019. As we all know Goldilocks and the three Bears is about a little girl with golden hair who goes for a walk in the forest and stumbles on the house of three bears. She finds three bowls of porridge, three chairs and three beds. Only one bowl of porridge, one bed and one chair is \u2018just right\u2019 to eat, sleep in and sit in.<\/p>\n

As in Goldilocks, Asset Optimization is about finding that sweet spot where things are \u2018just right\u2019 and you produce the maximum quality output at the minimum energy and raw materials input. In other words, optimizing asset productivity and profitability dynamically, while the asset\u2019s running. Of course, the equipment must also operate within its safe working envelope.<\/p>\n

The path to Asset Optimization – how to get it just right<\/strong><\/p>\n

The key to \u2018Optimization\u2019 is that it\u2019s not just about reducing the use of energy or raw materials to the absolute minimum. Those things only matter if production output volume and quality both remain solid. If either of these suffer then it wouldn\u2019t really be optimized, would it? As in the Goldilocks story, it doesn\u2019t matter what size the chair is if it breaks when sat on. It has to be just right in every respect.<\/p>\n

A cement crusher is good example. The more rocks you use the more energy it uses. It also won\u2019t\u00a0 produce a good quality output because it doesn\u2019t crush the rocks evenly. However, if you\u2019re too cautious and add too few rocks, your productivity will also suffer. If you can find just the right amount, you will be operating much more efficiently in terms of energy usage.<\/p>\n

\"\"<\/a>The balance between output, raw material use and energy is constantly changing. To maintain this balance at just the right levels, it must be continually adjusted in real time, which is why accessing processes and reacting to real-time data is so important. IIoT solutions help by connecting to data from other facility systems (power distribution, forecasting, procurement, quality etc.) and including these in the calculations.<\/p>\n

 <\/p>\n

Remain competitive while improving sustainability<\/strong><\/p>\n

The benefits of Asset Optimization include both Increased equipment availability and improved operational efficiency and profitability by allowing you to:<\/p>\n