June 15, 2013

The role of improvement initiative in asset management

Both asset maintenance and improvement initiatives has a common denominator which is optimizing resources to increase both customer satisfaction and financial performance. In TPM implementation JIPM provides an assessment criteria for TPM excellence award. performing self assessment can identify the gap between current and desired state. This gap can be closed by deploying incremental and radical improvements.

It is important to couple asset management with improvement projects using self assessment. implementing this approach will help to align the asset management with the organizational vision and strategy as improvement projects always validate its objectives through the VOC. being aware and continuously improving will defenitly support an organization's journey towards excellence.

it would be useful to implement this in our department. Using TPM assessment criteria can help the department link its quality tasks with the business strategy. After having this link employees will understand that carried out quality tasks are taking us towards the organizations vision, rather than feeling like a bolt on tasks to tick the box. Self-assessment is more appropriate as we are the engineers that know the asset conditions the most and with assessment we can identify the most suitable methods to improve and allow our assets to support the organization success.

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