What is an asset management strategy?

At Ampcontrol we believe that proactive maintenance of your electrical systems as part of an asset management strategy will deliver asset reliability, optimum performance and worry-free statutory compliance.

We approach every customer’s Asset Management Strategy using the following principles: Analysis, Action and Accountability. We take the time to understand your requirements and devise a strategy which delivers statutory compliance, asset availability, predictive maintenance periods and built-in spares/upgrades.

The ‘Baseline’

We audit all electrical equipment on site to get a baseline assessment of where your assets are in their lifecycle and how they are performing.

The ‘Asset Risk Profile’

We use this term to describe an overall approach to asset maintenance which may fall into either a ‘Run to Fail’ risk category or ‘Predictive/Preventative’ category where the risk is significantly reduced. Not every customer has the same approach to asset risk. Our role is to understand your approach and devise a strategy to support your assets when managed that way.

Modular Maintenance Schedule

Part of our approach to asset management is to provide customers with detailed modular maintenance schedules, customised for either individual electrical assets, systems or both. We draw on our extensive portfolio of ‘Reliability Centred Maintenance’ modules for all of our OEM products to develop maintenance schedules that are tailored to suit the exact requirements of each product and their application.

Spares Strategy

As the OEM, we have detailed knowledge of the service life of our electrical assets and include a recommendation for spares at your site depending on usage and current stock levels. We also devise an appropriate site-based spares strategy to support the inspection and rotation recommendations within each maintenance schedule.

Key Performance Indicators (KPIs)

Being accountable for the Asset Management Strategy is important to Ampcontrol. As part of our process, we will discuss your objectives and develop agreed targets for ongoing review. Typically we believe the value of our Asset Management Strategy enables us to commit to high level operational availability, statutory compliance and downtime cost reduction.

What is an Asset Risk Profile?

As part of our analysis, we assess your Asset Risk Profile (ARP) using the following methodologies: Preventative or Run to Fail. Either approach is underpinned by a custom spares strategy to support operational efficiency and minimise downtime.

Preventative

This approach ensures an appropriate service level is achieved through proactive maintenance based on several key factors to achieve optimum results for your production assets.

Time Based Inspection

This utilises statutory driven intervals or periodic planned inspections, testing and product exchange to ensure systems maintain their base level performance. Inspections are carried out in accordance with AS/NZS2290.1 requirements as regulator intervals.

Equipment Performance

Following asset inspections and data capture, the information is analysed to identify leading trend information for potential component failures and incorporated into a predictive maintenance schedule.

Condition Analysis

Understanding the cause and effect of environmental and asset relationships is essential when working to minimise downtime and maximise operational availability. By assessing and understanding high risk asset environments, we can reduce time phased inspection intervals and maintenance. We then monitor this using our performance based auditing tools.

Run to Fail

A Run to Fail approach can be supported by breakdown services and provision of spares, however, does not ensure operational availability or asset optimisation.

Whilst some electrical equipment can be commissioned and left to operate with minimal maintenance, this may not result in equipment which is operating at full capacity, all the time.

Run to fail results in significant risk to the overall integrity of the electrical system, with deterioration occurring over time and as operational activities increase. Reactive support leaves your site vulnerable to operational downtime, unscheduled repairs or upgrades and a costly impact to the bottom line.