Asset Specification Development
It’s one of the most important questions a business needs to answer: “what do I need my equipment to do?”. Yet it’s surprising how many businesses – both operating sites and new projects still on the drawing board - aren’t sure of the capacity or capability of their assets.
Without a clear understanding of the functional specifications for each of its assets individually, and then combined at fleet or plant level, a business might end up with excess capacity where it’s not needed, or fail to correctly identify their bottleneck. Even more importantly, functional specifications are needed to properly define failure modes, and hence your asset management strategies and plans. If you don’t have them right, you’re very likely to be giving away value.
Along with functional specifications, it’s critical to be clear on technical specifications. That is, – how is your equipment designed, built and operated? Appropriate technical specifications ensure your equipment is fit-for-purpose, matched to its operating environment. You wouldn’t set up and run a truck the same way in the Arctic as you would in the north of Australia, and an inland plant’s dry, dusty environment has very different requirements to one on the coast.
Technical specifications can also keep your costs down. Many OEM’s love to provide customers with “jewellery” on their equipment that’s not necessary, and constantly-changing designs mean that your assets can lack standardisation. This then, increasing your inventory and maintenance effort, or leaving you with an asset that’s not supported locally. Worse, you might end up breaching local safety, or other regulatory standards.
When clients look to acquire or replace equipment, Bluefield works with them to generate functional and technical specifications that set the safety, productivity and reliability goals for their assets so that they make the best possible procurement and engineering decisions.
We also work with clients with existing assets who are looking to review and understand the capacity of their assets so they can optimise their production. Some clients may also, or want to standardise their assets to reduce costs and inventory, increase performance, or improve their future purchasing decisions.
Bluefield can tailor its approach based on the circumstances of the client. Our asset management specialists come to us with many years working on sites or directly for OEMs in various industries across Australia, and internationally. We have access to the latest industry- technical information to create or update asset specifications using our in-house knowledge base. But at the same time, if you have an existing asset base, we can come to site to scour your documents and help bring everything up-to-date.
Working alongside our asset management specialists, Bluefield also employs reliability engineers who can also assist with reliability modelling and value chain analysis to help you identify and manage your bottlenecks and optimise your production processes. No matter your requirements, the result will be a crystal-clear set of specifications that are focussed on developing practical asset management strategies, to making sure your equipment is properly operated and maintained.
If you are looking for a partner to help set your business up to get more from assets, contact Bluefield today.
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