Asset Management Associates

30/03/2023

Effectively communicating and implementing the plan across the organisation is key to its success. This can be achieved through clear communication of the plan to all relevant stakeholders, training employees on the plan, and establishing a system for tracking and monitoring progress. It's important to ensure that all stakeholders understand their roles and responsibilities in relation to the plan, and to provide ongoing support and resources to help with implementation.

Learn how to design objectives for maximum benefit here: https://bit.ly/AMobjectives

22/03/2023

Some key considerations when developing an asset management plan include identifying the scope of your assets, establishing clear objectives and targets, and creating a plan for implementing and monitoring the plan. It's also important to consider the needs and capabilities of your organisation, as well as any relevant regulatory requirements or industry standards.

Want to learn how to write an policy? Continue reading here: https://bit.ly/WriteAMpoliicy

21/03/2023

Integrated Logistics Support (ILS) is critical to the success of any organisation that produces, delivers or maintains complex products or systems. ILS ensures that a product or system is supportable and sustainable throughout its life. It is essential to identify potential problems and address them proactively, to minimise downtime and improve the reliability and availability of the product or system. Poor practices can lead to significant consequences for organisations, including financial losses, reduced productivity, and damage to reputation.

One of the consequences of poor ILS is increased downtime. When a product or system experiences downtime, it results in lost productivity and revenue. Poor ILS practices can result in unplanned downtime due to failures that could have been prevented or predicted with proper planning and analysis. Inadequate supportability analysis, lack of resources, and insufficient training can all contribute to increased downtime.

Another consequence of poor ILS is reduced reliability and availability. Poor ILS practices can lead to a lack of preventive maintenance, causing products or systems to break down more frequently. This results in reduced reliability, which can lead to a reduction in customer satisfaction and loyalty. It can also damage the organisation's reputation and lead to the loss of customers and revenue.

Poor ILS practices can also result in higher maintenance costs. Without proper planning, maintenance can be more expensive and time-consuming. Inadequate supportability analysis can result in maintenance being performed inefficiently, causing it to take longer and cost more. This can also result in higher inventory costs and reduced efficiency.

Inadequate training and documentation can lead to errors, increasing the likelihood of accidents and incidents. When employees are not trained to use products or systems correctly, they may misuse them, leading to damage, accidents or incidents. This can result in increased liability and insurance costs and damage to the organisation's reputation.

Poor ILS practices can also result in difficulties with configuration management. When changes are made to a product or system, it is critical to manage those changes carefully to ensure that they are properly controlled and tracked. Failure to manage configuration changes properly can lead to products or systems that are difficult to support or maintain, leading to increased downtime, reduced reliability, and higher maintenance costs.

Finally, poor ILS practices can lead to legal and regulatory non-compliance. Products and systems must comply with various regulations, standards, and laws. Poor ILS practices can result in non-compliance, leading to legal and financial consequences.

In conclusion, poor ILS practices can have significant consequences for organisations, including increased downtime, reduced and availability, higher maintenance costs, accidents and incidents, difficulties with configuration management, and legal and regulatory non-compliance. It is essential for organisations to prioritise ILS and implement best practices to ensure the supportability and sustainability of their products and systems throughout their life. By doing so, organisations can minimise the consequences of poor ILS and achieve better outcomes for their customers, employees, and stakeholders.

16/03/2023

Prime Minister Anthony Albanese has announced that Australia will commit tens of billions of dollars towards new spending to secure the military capability it will need in the coming decades. This funding will support the pact on nuclear-powered submarines, despite criticisms from China and concerns about the high cost of the new fleet.

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With a formal agreement on the new submarines to be unveiled soon, Anthony Albanese vowed to find the money to back the plan despite criticism from China.

15/03/2023

Deriving your Asset Management Objectives from your overall business objectives is key to success. Start by identifying your overall goals, and then work backwards to determine what your assets need to do to help you achieve those goals. This can be as simple as determining how much revenue you need to generate and what production capacity your manufacturing assets need to have. Want to learn more about how to design effective Asset Management Objectives? Check out https://bit.ly/AMobjectives for more tips and strategies.

13/03/2023

You asked, we answered! We're excited to answer your burning questions. Starting with this one: What should I consider when implementing a risk-based asset management approach?

Ensuring that your asset management plan is comprehensive and covers all necessary elements is crucial to its success. This can be achieved through the identification of the scope of your assets, the establishment of clear objectives and targets, and the creation of a plan for implementing and monitoring the plan. Additionally, it's important to consider the needs and capabilities of your organisation, as well as any relevant regulatory requirements or industry standards.

Want to learn how to write an policy? Continue reading here: https://bit.ly/WriteAMpoliicy

10/03/2023

Australia is set to purchase AGM-88E extended-range anti-radiation missiles from the US in a deal worth around $506m. The sale package includes 63 advanced anti-radiation guided missiles-extended range (AARGM-ERs) and up to 20 AARGM-ER captive air training missiles.

More here: https://www.airforce-technology.com/news/australia-aargm-er-missiles-us/

The US Defense Security Cooperation Agency (DSCA) has notified Congress of a potential foreign military sale (FMS) of AGM-88E extended range anti-radiation missiles to Australia.

06/03/2023

Last week we gave an overview of Integrated Logistics Support or ILS (if you missed it, catch up here: https://bit.ly/AMA_ILS). Now that we have a better understanding of , let's explore how organisations can implement ILS into their business processes.

The first step in implementing ILS is to identify the system, product, or service that needs to be supported. This involves understanding the system's requirements, its intended use, and the environment in which it will be used. Once the system has been identified, the next step is to conduct a RAM analysis to identify potential failures and their impact on the system's availability.

Next, you'll need to conduct a supportability analysis to determine the resources required to support the system. This includes identifying the manpower, facilities, equipment, and training required to maintain the system throughout its life.

Once the support requirements have been identified, you can then establish a configuration management process to control changes to the system's design, documentation, and support infrastructure. This involves identifying the stakeholders involved in the configuration management process, defining the change management procedures, and establishing a configuration control board to manage changes.

After that, you'll want to establish a process to manage the flow of goods and services through the supply chain. This includes identifying the suppliers and their roles, establishing procurement processes, and managing the logistics of getting the system to the end-user.

Finally, it's essential to develop and deliver training programmes and technical documentation to ensure that users and support personnel have the knowledge and skills necessary to operate and support the system. ILS is a critical aspect of delivering reliable and supportable products and services. By incorporating ILS into their business processes, organisations can minimise downtime, improve reliability and availability, and ultimately deliver better value to their customers.

Contact us today to discuss your needs.

03/03/2023

We're proud to be an organisation that encourages its staff to work from wherever they feel the most comfortable. However, it's always a lovely surprise when our calendars align and some of us can get together in the flesh.

Q1 has already been our biggest yet and we can't wait for what's coming for Q2!

28/02/2023

In today's rapidly evolving business landscape, organisations need to deliver products and services that are not only reliable but also supportable throughout their entire lifecycle. This is where Integrated Logistics Support (ILS) comes into play. ILS is a comprehensive approach to managing the entire lifecycle of a system, product, or service, from its design and development to its disposal. Let's delve deeper into and explore how it can benefit organisations.

ILS is a multidisciplinary approach that encompasses various activities, such as reliability, availability, and maintainability ( ) analysis, supportability analysis, configuration management, , and training and documentation. By addressing all aspects of logistics support, ILS ensures that the system, product, or service is supportable and sustainable throughout its life.

RAM analysis involves identifying potential failures, estimating the likelihood of those failures occurring, and determining the impact of those failures on the system's availability. This helps organisations proactively address potential issues and minimise downtime.

Supportability analysis involves determining the resources required to support the system, including manpower, facilities, equipment, and training. By understanding the support requirements upfront, organisations can ensure that they have the necessary resources in place to maintain the system throughout its life.

Configuration management involves managing changes to the system's design, documentation, and support infrastructure to ensure that they are properly controlled and tracked. This helps organisations maintain the integrity of the system and avoid issues that may arise due to uncontrolled changes.

Supply chain management involves managing the flow of goods and services through the supply chain, from the supplier to the end-user. By managing the supply chain effectively, organisations can ensure that the system is delivered on time, on budget, and with the required level of quality.

Training and documentation involve developing and delivering training programmes and technical documentation to ensure that users and support personnel have the knowledge and skills necessary to operate and support the system. This helps organisations minimise downtime and improve the overall reliability and availability of the system.

ILS is a critical aspect of delivering reliable and supportable products and services. By incorporating ILS into their business processes, organisations can minimise downtime, improve reliability and availability, and ultimately deliver better value to their customers.

Head to our website for a sneak peek of part 2! 🔗 https://bit.ly/AMA_ILS

23/02/2023

Effective change management is critical to an organisation's asset management. Our team will work with your leaders and managers to develop and implement an overarching change management plan that focuses on collaboration with stakeholders. We're committed to ensuring that your organisation is able to sustain change in the long term by providing support, training, and resources.

Contact us today to learn more about our approach to change management: assetmanagementassociates.com.au/contact-us-1

22/02/2023

The future of the transportation industry looks to be shaped by the rise in servitisation "super apps" (apps that provide multiple services in one ecosystem). TBtech estimates that 50% of the global population could be daily active users of multiple super apps by 2027.

Read more here: tbtech.co/business/the-year-of-the-app-four-transport-predictions-for-2023//