Asset-intensive manufacturing companies face ever-evolving market conditions. To remain competitive, they must proactively manage risk (i.e., potential losses) through an Enterprise Loss Prevention (ELP) lens while their asset strategy ensures assets are maintained based on the balance of risk versus cost, providing optimum availability.

Asset Strategy Management

Asset Criticality Analysis
Figure 1 - OESuite® Asset Criticality Analysis

The outcome of the criticality analysis can be used to determine whether an FMEA or RCM study should be performed, whether basic or standard care are appropriate strategies, and more. The ASM Module also integrates with the Reliability Module to develop strategies based on individual assets or assets by class for different operating conditions. The maintenance frequencies can vary according to the operating conditions of the assets.

Asset Strategy Management Module workflow
Figure 2 - Asset Strategy Management Workflow

Each risk identified will have controls associated with different levels of effectiveness. Then, the ASM Module will calculate the remaining risk level according to the composite effect of the controls. These controls form the maintenance plan for the asset class or individual assets. Instead of developing individual plans for each asset, users can choose templates from the Asset Strategy Library to expedite the journey.

Figure 3 - OESuite® Asset Strategy Library

Users can also accept all the controls from the Asset Strategy Library to address the risks or choose according to the Risk Reduction / Cost Ratio. Built-in charts and indicators will guide users on optimizing maintenance dollars while reducing risks

Figure 4 - OESuite® Financial Risk vs Control Scenarios

With the ASM Module, users can:

  • Update asset strategies based on real-time asset health data through the Asset Health Module
  • Track equipment inspections in the Inspection Management + Mobile Module
  • Track recurring tasks outside of existing CMMS / EAM systems with the Task & Compliance Management + Mobile Module
  • Track work planning and execution for preventive maintenance and repair through the Work Management + Mobile Module
  • Observe and capture equipment statuses and readings and record findings in the Operator Rounds + Mobile Module
  • Leverage connectors to integrate with leading EAM service providers, including SAP BM, IBM® Maximo®, HxGN EAM (formerly Infor EAM), and Oracle® EAM
Figure 5 - OESuite® Asset Strategy Implementation

Strategies can be analyzed visually by risk mitigation and cost to provide insight to high-value controls versus low-value controls. Risks that are under-mitigated can be identified, and the necessary controls added. Develop, manage, execute, and optimize your asset strategies consistently across all locations with the OESuite® ASM Module.

The Asset Strategy Management Module is a key component of this OESuite® Framework:

  • APM Framework
  • These are the core functions in all OESuite® Modules:

    • Ad Hoc Reporting
    • Archiving
    • Asset Registry / Navigation
    • Audit Trail
    • Calculation Engine
    • Coordination Compliance
    • Configurable Notifications
    • Damage Mechanisms
    • Data Export / Import
    • Document Links / Attachments
    • Form Builder
    • Integration / Connectors
    • KPI Manager
    • Material Library
    • Mobile Applications
    • Module and Hierarchy Specific Security
    • Multi-Lingual / International Formatting
    • My Obligations / Calendar
    • My Subscriptions
    • Obligation Reassignment
    • OE View
    • Planning / Scheduling
    • Portal
    • RACI Chart
    • Redlining
    • Report Builder
    • Risk Ranking
    • Risk Registry
    • Robust Search
    • Single Sign On (SSO)
    • Standard Reporting
    • Tags
    • Verification
    • Visual Operations
    • Workflow (Initiate, Approval, Execution, etc.)

    For more information email us at or call (713) 355-2900.

    Operational Sustainability® makes operational excellence simple.

    Succeeding in today’s complex, highly-regulated industries depends on how well your company manages operational risk and enables operational discipline. Our world-class advisory services and our industry-leading cloud-based, highly configurable software work together to enable your company to achieve operational excellence. To implement OE 4.0 and sustain operational integrity, companies must balance production goals with reliability, safety, and human and environmental factors. We identify and help you solve any issues to move to a real-time, mobilized risk-aware culture. With an average of more than 30 years of industry experience each, our advisors can design a solution tailored to your company’s culture and needs.

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