Asset Management Systems
Asset Management Systems
Asset Management
Systems
Ian Robbins, Flowserve Corporation
Data and life cycle management technology helps refineries maintain equipment
and reduce the total cost of ownership.
T Asset Management
ypically, 90 percent of the
total life cycle cost (LCC) of Programs
a ow management system A new asset management program
is accumulated after the equipment is available that is an evolution of
is purchased, installed and operating the traditional pump equipment
as desired for the designed process manufacturers capabilities and goes
parameters. beyond simply selling equipment, to
Rotating equipment manu- include a suite of resources and tools
facturers now oer a comprehen- designed to relieve these stresses and
sive suite of services and solutions reduce the total asset life cycle costs
designed to provide plant operators (LCC). hese programs will:
with unprecedented value and cost Improve equipment reliability
savings throughout the life span of and performance
the ow management system. Reduce energy consumption
his approach to high-value Manage inventories
asset management has already been Reliably assist with maintaining
embraced by the aircraft industry process equipment
(commercial and freight airlines).
Many of the worlds leading jet Modern asset management
engine manufacturers now oer programs are designed to address
power by the hour arrangements. these issues, while allowing facilities
Power by the hour is capable of to allocate funds for planned main-
monitoring jet engines while in tenance spending and remove the
ight. he jet engine manufacturers Figure 1. The original reactor ebullating pump uncertainty from operating budgets.
developed this technology to provide location Middle East, installed in 1966 he visibility gained into the actual
real-time diagnostic and prognos- operating conditions in the plant combined with the exper-
tic analyses. his enhances the availability factor of the jet tise brought to bear through the program result in ecien-
engine and at the same time reduces the total LCC. cies and maximized uptime.
he business and operational challenges within modern Asset optimization solutions are tailored to address any
process plants are numerous and not unlike the challenges combination of issues according to customer priorities and
faced by the airline industry today. Process plant operators business strategies.
face the pressures of increasing productivity and maximiz- Asset optimization solutions will assist with:
ing the return on investment this is seemingly at odds with Increasing plant availability and output
the everyday realities of decreasing plant operating budgets, Developing and enhancing workforce knowledge
rising energy costs and increasing operational costs. Improving the safety and environmental issues
Bottom-Line Results
Highly ecient oil conversion technolo-
gies such as the ebullated bed process
increase the reners ability to produce
saleable products more eectively. To
also realize maximum LCC reduction,
oil reners should institute comprehen-
sive asset management programs. hese
programs must include the latest tech-
nology in equipment monitoring and
diagnosis, inventory management and
data availability.
hese programs enable facili-
ties to evolve from reactive planned
maintenance to strategic predictive
Ian Robbins
is director,
Flowserve
Corporation,
Flow Solutions
Group. He can
be reached at irobbins@flowserve.
com or 403-830-3970.
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