BV UNDERSTANDS YOUR MANUFACTURING FACILITY NEEDS
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BV UNDERSTANDS YOUR MANUFACTURING FACILITY NEEDS 

BV UNDERSTANDS THAT MANUFACTURING ASSET MANAGEMENT (MAM) IS A CHALLENGE FOR MANY VERTICAL MARKETS.

BV’s MAM experts assist facility and maintenance management with CMMS optimization, storeroom reset or retrofit,  and developing parts inventory strategies.

MANUFACTURING ASSET MANAGEMENT SERVICES

• Consulting: Maintenance Management & Manufacturing Management
• Technology: Data Preparation &  CMMS Support
• Parts Inventory: 1^st Time & Planned Cycle Count
• Physical Reset: Manufacturing & “*5S”
• Installation: Production Line & Fixtures

Manufacturing Asset Management (MAM) is a critical practice in the manufacturing industry that plays a pivotal role in optimizing operations and achieving maximum value. By implementing MAM practices, facilities can reduce failures, extend asset lifecycles, optimize resource allocation, and improve reporting and compliance activities. In this blog, we will delve into the various aspects of asset management and explore how it contributes to the success of manufacturing facilities.

*5S is a systematic form of visual content management that encompasses everything from small and large tools to operations manuals. It is not only about cleanliness or organization; it is mainly about maximizing efficiency, quality, and profit. 5S is a framework that uses data tracking of inventory to create efficiency and value. The 5S checklist guides manufacturers in observing, analyzing, collaborating, and searching for waste and also involves the practice of removing waste. 5S stands for Sort, Set in Order, Shine, Standardize, and Sustain. 

• Identifying and Addressing Potential Issues: One of the key roles of asset management in manufacturing is to identify potential issues before they lead to equipment failure or disruption in operations. Through regular inspections, monitoring, and data analysis, MAM helps identify early warning signs and allows for proactive maintenance and repairs. By addressing issues in their early stages, facilities can avoid costly breakdowns, minimize downtime, and ensure smooth operations.
• Extending Asset Lifecycles: Manufacturing assets are significant investments for any facility, and maximizing their lifespan is crucial for optimizing return on investment. Asset management practices such as regular maintenance, calibration, and timely repairs help extend the lifespan of assets. By implementing preventive maintenance schedules and adhering to manufacturer recommendations, facilities can ensure that their assets continue to operate at peak performance for a longer duration, reducing the need for premature replacements.
• Optimizing Resource Allocation: Effective resource allocation is vital for manufacturing facilities to achieve operational efficiency and cost-effectiveness. Asset management provides valuable insights into asset utilization, performance, and availability. This data allows facilities to make informed decisions regarding resource allocation, such as equipment scheduling, maintenance planning, and inventory management. By optimizing resource allocation based on asset management data, facilities can reduce waste, improve efficiency, and enhance overall productivity.
• Improving Reporting and Compliance: Manufacturing facilities are subject to various regulations and industry standards that require accurate reporting and compliance activities. Asset management systems provide the necessary tools and processes to capture and analyze data related to asset performance, maintenance activities, and compliance requirements. This ensures that facilities can generate comprehensive reports, demonstrate compliance with regulations, and meet auditing requirements easily. Moreover, asset management systems enable facilities to track and document asset histories, facilitating accountability and transparency.
• Enhancing Efficiency and Reducing Costs: Efficiency and cost reduction are critical objectives for any manufacturing facility. Asset management practices enable facilities to optimize their operations by identifying bottlenecks, streamlining processes, and eliminating unnecessary downtime. By implementing preventive maintenance schedules, facilities can reduce the risk of unexpected breakdowns and costly repairs. Furthermore, asset management helps in identifying underperforming assets, enabling facilities to make informed decisions regarding replacements or upgrades, thus reducing operational costs and enhancing overall efficiency.

BV SERVICES FOR MANUFACTURING

• FCA

• CMMS

• INVENTORY & ASSET TAGGING

• PROJECT MANAGEMENT

• PMP & DESIGN

• MAM

Implementing manufacturing asset management practices is essential for enhancing efficiency, reducing costs, and ensuring optimal performance in facilities. By identifying potential issues, proactively addressing them, and reducing the risk of equipment failures, MAM plays a crucial role in optimizing operations. Additionally, by extending the lifespan of assets, allocating resources effectively, and ensuring compliance with industry standards and regulations, asset management contributes to the long-term success and sustainability of manufacturing facilities.

Bureau Veritas is focused on the condition of your assets. From long-term capital planning to ADA assessments, our team provides a wide spectrum of services to ensure your properties are effectively operating, accessible, code-compliant, aesthetically pleasing, and environmentally friendly. Through unbiased assessments, helpful and knowledgeable staff, and a nationwide presence with regional knowledge, BV is the leading choice for your manufacturing and facilities projects.