Essay On Maintenance Management Of Engineering Assets.

Write this assignment like an engineering investigation report with a business case recommendation. The audience will be the director of engineering and general managers. The objective for option A is to present a business case for investment into improvement (with sound technical justifications) and for option B is the asset management plan for new assets/plant/production line.

You are a new task force formed to drive asset performance improvement in your company. You are tasked to optimise asset performance for the remaining life cycle of the asset by reviewing current operation, maintenance and asset management strategies, to identify and provide improvement action plan and business case for major loss of opportunity area. 

You can utilise what you have done in assignment 1 as a starting point for this assignment. 

You may need to perform an investigation into:

• Losses (downtime, loss in generation of power, unavailability for the operation, and services disruption to customers). Identify key losses area; AND/OR

• Work order history analysis, to identify plan versus unplanned maintenance cost. Identify high cost unplanned maintenance area.

And discuss possible approach to address them by focusing into one or more areas listed below:

• Reliability Centred Maintenance — developing a strategy

• Risk

• Logistic Support

• Inventory

• Assets and Asset Information System

• Equipment Replacement, Reliability, Availability and Maintainability

• Maintenance Organisation and Budget 

Organization asset deals with running an organisations resources so as to be able to help improve the performance of the business. It focuses on the activities that are needed to control a company’s records as the personnel are referred to as important but not critical resources. It uses information technology resources and also by virtue of overseeing information resources. Knowledge management is the process of creating, acquiring, sharing and using the information acquired in order to allow learning in organisations. It carries people as a critical component to being supervised, as it is strategized to help improve the businesses performance and also add value to an organisation through a set key of processes which involve knowledge sharing Malloch (2013). 

The asset chosen for this research is on Air conditioner. It’s sold by an Australian company which was introduced in the year 1987. It has the largest market share in terms of cooling system in the world having billions of the air conditioner being sold worldwide. It was started by an entrepreneur who went by the name Dietrich who was inspired by an existing air conditioner that he found that was being sold in Thailand whereby he took this idea incorporated his own ideologies into it so as it would suit the avid tastes of the westerners who he had an interest in targeting, thus in partnership with Chaleo they founded the what is Air conditioner. Its slogan was Air conditioner gives you wings which were before a lawsuit related to the advantages of utilising the cooling system which was around the period of 2014. It has a different approach to marketing schemes whereby rather than taking the most used route of mass marketing it generated its awareness and attracted clients by virtue of having proprietary sports events such as cliff diving world series, the Air conditioner air race and the crashed ice  all these act as Air conditioners arsenal in terms of commanding crowds and having customers enjoying the cooling system at such events thereby making it a force to reckon with as of here it breaks apart the norm that the cooling system organizations have the capability to host and endorse events and also market its accessories properly with no problems Richter  (2012). 

Air conditioner’s strategy to be amongst the leading organisations is held by the fact that it associates itself with a lifestyle and a way of living in terms of having an adventurous spirit by doing so it puts an aggressive marketing process in play. this is so followed through by having their slogan Air conditioner gives you wings being a constant message broadcasted to the customers via many streams of communication in a broad integrated manner. Product differentiation is what sets aside Air conditioner apart from other cooling system as it is a premium cooling system. The cooling system are more expensive as compared to the other cooling system in its categories like ductless mini- split air conditioners, evaporative coolers, room  air conditioners and the central air conditioners . This is because the customers are charged according to the benefits that they get by being able to lead a good functional lifestyle and also increasing performance by triggering a cool environment. Dobkin (2008).  The aspect of competitive advantages falls on these points.

Competitive Advantage

Being the first to bring the cooling system to developed countries- this happened when the founder brought the idea of this by incorporating some ingredients to what they learnt from the cooling system Krating Daeng. This is vital as it shows it’s the first in west thus has a loyal consumer base as from where it started off from thus having an edge over others by this aspect Dobkin (2008). 

The cooling system and uniqueness of the cooling system set it apart from others as it sticks to its originality where it is still produced in Bangkok and shipped to the processing plants Richter (2012).  This helps it maintain its authenticity by sticking to its roots of start and not changing the main moving parts.

It is an appealing product that is linked to extreme sports as it is involved in a number of teams that help its brand image as it endorses the teams and their occasions capitalising on the customers of the sports.

Lastly, effective marketing strategy which integrates it to an online TV channel that is used for marketing and also media strategy on how to capture a larger market size and how to expand conditionally. This strategy of having many acquisitions in the media numbers strengthens the brand image as it passes out the relevant marketing messages to the target segment.

When tackling the management knowledge there are the aspects of reviews given by either an employee or a customer in regards to the products produced by the company. In terms of employee’s reviews and customer oriented ones some are like, it is a very good job for the single people and also the young but one works for many hours, the work day is well set as it ranges from 5 am to 2 pm as we as employers offer assistance to one another when it is required.                                                    Others come as complementary as a very awesome gig, nice people, even better venues, the pay was alright, a delightful job ideal for someone looking for a side hustle. In this type of review firstly it is an employee as seen by the statement good pay here it shows the company that it surely helps the common day to day person when they offer them jobs thus acts as a boost in the company’s management as it feels more need to carry out more employments. By this also the organisation is able to see how its working staff are according to one of their own thus helps improve the employee-employer relationship.

Management Knowledge

These are types of reviews given by both staff and customer as it is used to help them achieve what they want so as to either work swiftly and appropriately with no problems and also on the side of the customer to get a well-produced product Malloch (2013).  Reviewing of business performance data is a crucial part of an organisation as it helps give the business a way forward to know what to do to achieve better results in the manufacture of goods. the business performance data is used to see what is withholding an organisation back and what strategies can be put in place to avoid getting the same type of errors.

The business problem encountered by Air conditioner is of negative media coverage in terms of exposure Bentley (2009).  There are researches that take place which states that Air conditioner contains many chemicals in its products whereby other modes of media say that it is in comparison with the bracket of highly addictive drugs. Due to all these negative publicities, it is made to be viewed that it also fosters for some of the deaths that occur.

Due to the said business problem stated the organisation needs to formulate good decisions which can be used to kerb the prevailing problem. This is the stage where the organisation tries to bring up its cons to the audience so as to deflect the negative image it has been given so as it may not be ridiculed thereby losing vital profits by losing customers due to them hearing the negativity being aired about the product. Information that is required to reach a decision on problems is the angle of having a legit good marketing strategy that now broadens the aspect of what is actually said while advertising in order to target those who were misinformed Warren (2011). 

Internal sources of information are used in an organisation and it is the process whereby information is obtained by self-inside one’s company. Internal sources can be broken down into financial information which is information that is in accordance with how the company manages its profits and losses through checking its performance. the information includes how much one pays for items, payment of staff is how much and the costs and rates. Here so as the business runs well and garners profit it has to have a financial controller who monitors all these.

Personnel information is the information that an organisation holds on their employees and this type of information is normally available to the employee if they ask to be shown. It’s used to monitor an employee’s life span in the organisation and with this in hand it allows the management to know whether or not to give the employee a pay increase.

Employee and Customer Reviews

External sources of information are also used by companies to assist them in making proper sound decisions. The external forces include the government which offers proper information I that it can offer business grants for the opening of manufacturing plants, this here is where an organisation can use the information given to set up a branch there. This acts as a good external factor courtesy of the government. Other external factors are trade groupings, databases and research and commercial provided information which is getting information from the locals so as to make correct business decisions which are made based on the data given to them Bentley (2009). 

The air conditioner as an asset is affected by power, dust or mechanical problem. The air conditioner can be affected by loss of power in the building resulting in downtime. This can interrupt the activities in the company. The environment temperature can rise which can lead to an uncomfortable environment. The air conditioner relies on electricity to run so without the power it cannot work.

The backup generator is used in an organization to keep the electronics running like the air conditioner. The generator is used as a backup when the electricity power is has gone off. The air conditioner can now work with the backup generator. Due to the high temperature in the office, the air conditioner is important to cool the environment. The air conditioner give the worker and the customer a cool environment to work and interact.

The air conditioner requires an operator to check it regularly to ensure it works efficiently. The operator must do regularly test to avoid downtime or malfunction which can lead to the destruction of the air conditioner. The air conditioner is an asset in the organization hence they need to be checked regularly. In some organization they do not have air conditioner operator since they do not consider the air conditioner as a huge assets hence the air conditioner are not regularly checked .This may lead to a short term functioning of the air conditioner.

The key area losses when the air conditioner is not working is the delayed services in the office, some customer may not want to be served in a hot environment where they are not comfortable. The company may end up losing customers due to the high temperatures in the office. The employee work speed will be reduced due to the uncomfortable environment hence they end up delaying services to the customer.

There two types maintenance in the asset in the organization. The plan and unplanned maintenance. Plan maintenance is the maintenance which the organization has schedule for the operator to come do a check up on the assets like air conditioner. The unplanned maintenance is when the operators are requested to come check the asset when it has stopped working. The company can incur some cost in unplanned maintenance since they had not budgeted for the interruption. The company should always conduct some regular maintenance on the air conditioner to avoid an extra cost in the unplanned maintenance.

High cost unplanned maintenance cost can occur when the air conditioner stops working abruptly. The air conditioner can be interrupted by various things like dusts, power loss and electronic malfunction. The company can incur more costs when repairing the air conditioner when it has not scheduled for the repair. Accumulation of dust can affect the air conditioner due to the increased volume of dust in the air conditioner. This can lead to a malfunction of the air conditioner in the organization. Sudden power loss can destroy the air conditioner since it is an electronic asset. The air conditioner needs to be protected from power surge since it is an electronic device .The company can incur more when repairing the asset which can even result to the company purchasing new cooling systems .The cooling system can also malfunction since it is an electronic device. The malfunction can be caused by not checking the condition of the cooling system. It can also be caused by not regularly dusting or servicing the cooling system. The company can end up incurring more cost when repairing the cooling system rather than scheduling the plan maintenance.

The information which is picked and received in an organization should be critiqued and analyzed fully so as to ensure its not just a story being brought up to stir some emotions and thus leaving an organization with an open gap to flop. The validity is a badge of honor and is paramount to ensure good information is the only one that’s looked into and implemented.

Network is the connection between goods with an identical want and interacts formally and informally swapping vital information. It is based on the reality that people and companies interact daily with each other. Formal network is a normal chain of command that fully follows how interactions are managed and are rigid on the chain of command whereas informal networks are less rigid and have less strong ties as it allows its members to move in any direction.

Maintaining corporate knowledge and security is detrimental as it helps govern an organizations body and how it functions. This helps build a company’s profit margin as with this it helps it be streamlined and gain a positive note on the economic sector.

Operation administration is both and craftsmanship and science which is utilized to empower the change of the crude materials into completed products that are prepared for the clients utilize. The reason it is a craftsmanship and science is on account of uses both the individual information about generation and the educated learning .The hot moving creation line goes for changing over metal into different items by utilization of the temperature. At first, the individuals had no learning of utilizing machines to makes items from iron yet they utilized their abilities which speak to the component of craftsmanship to create different metal things. However, because of mechanical changes, new strategies have been produced which are utilized to change over metal or steel into different products for deals. The strategies incorporate dissolving of temperatures under temperatures to make it into things of one's decision.

The operational administrator is in charge of overseeing and supervising execution every one of the exercises to guarantee required outcomes are come to fulfill the client needs. He arranges exercises that the firm will be occupied with creating. It is essential with the end goal of any firm to be known before the initiation of business .Individuals and machines to do the exercises are distinguished to help in execution exercises and meet set due dates. He sorts out how things are done, coordinates the generation of items and in the long run controls the degree to their execution of exercises. Every one of these procedures guarantee the objectives and targets of the association are accomplished.

Metal is utilized for different exercises like vehicle make, making family unit things like seats, tables, entryways and windows, airplane and watercraft maker among numerous different items .The hot moving generation line manages metals with temperatures higher the recrystallization temperatures to deliver an assortment of metal items (Dixit, and Dixit, 2008). The items have a long life and are prescribed by many individuals. Moving points in diminishing the thickness of metals to items things of different sizes by going it through moves under various presentation to temperature. The metals are made to have a thickness which is uniform in this way guaranteeing same items are indistinguishable and alluring to clients.

In the operation administration, there are numerous things which are finished by the chiefs. Gauging of future requests is recognized to guarantee that the levels of creation are controlled and there is no surplus or shortage. The quality is checked in this level of various fabricated things and the directors' checks adjustment to the clients' needs .The level of stock is observed at this stage and the ideal level is kept up for accommodation in the generation procedure. The representatives in this are confronted with a persevering situation as the work requires vitality and mischances are high. Supervisors have the obligation to inspire the representatives to have resolve in employment execution handle.

All ventures are confronted with many difficulties which must be put into thought by chiefs as they help in accomplishing the business objectives .The steel or metal division has many difficulties, for example, high expenses of the crude materials making the net revenue underneath. Innovative changes which can render an organization obsolete when not put into thought .The organization may deliver items that don't meet the requests of client in this way need showcase for its products. The clients have high tastes and inclinations as far as quality and the administrations that a firm offers to them.

At long last, the reality of the matter is that metalworking is a workmanship and science which is picking up notoriety among the general population as it produces quality things. The metal things are expanding created as they are solid and can be utilized as a part of all regions of operation. These division has given a considerable measure of work to both gifted and non-talented representatives henceforth enhancing individual’s expectations for everyday comforts. The metal business is aggressive as there are various changes and firms needs upper hands over the contenders for survival. Directors must be imaginative and creative to think of one of a kind items or apply methodologies like blue sea system to pull in more clients' or dispose of rivalry in the market.

Engineering asset performance principle goal is to make life simpler for its clients. The organization's items are intended to serves diverse statistic profiles. The showcasing additionally considers individuals clients of various financial status. This operation system has helped the brand to flourish and get a greater client share the brand ponders it clients and utilize distinctive methods to catch everybody's consideration. The promotion is the significant showcasing strategy utilized by the organization. The ads are intended to include new items been discharged in the market. The commercial is utilized to gage the client's impression of the item and through this they can know how the item will perform in the market. The Engineering asset performance operation administration has strategized by detailed a few arrangements which includes creating items that will catch the consideration of the buyers. This is the primary period of this technique. Once the organization has caught the consideration of the customers by the new line of item now they concentrate on how they will make the crowd get intrigued by obtaining the item. Since the memory of the item is still crisp the organization now goes for keeping up a similar quality standard that they can achieve which will for the most part be founded on the devoted customers they pick up from the start of the item. The principle target of the operation administration is to keep engineering asset performance steady and dependable. The organization is steady when the profits of the benefits surpass the operation expenses of the item. The operation administration group guarantee the items are performing admirably in the market. They make the organization solid by making top of the line items and the extras promptly accessible for the costumer to keep them happy with the item.

The operations administration likewise guarantees high caliber of the item, usability of the item as far as capacities and employments. This will give clients fulfillment when they get the item. The other goal of the operation administration group is to build deals and the benefits of the organization. Expanding deals is through publicizing to the potential customers and keeping up great relations between the purchasers and the organization. The operations group must keep up the organization's notoriety high as one of the main suppliers of computerized media.

The organization has represented considerable authority in broadening of items they have accomplished this in little scale as well as in huge scale. They have worldwide customers everywhere throughout the world .The are referred to for advanced media as well as in design arrange, semi-conductors, broadcast communications, computerized apparatuses and globalization. In computerized media there is a considerable measure of rivalry henceforth to keep Engineering asset performance stable the group has connected diverse advancements and plan on their items to make them one of a kind yet at the same time quality. The group has not just built up their item through innovative work additionally centered around business administration and generation keep up the benefit of the organization.

Engineering asset performance has branches in most significant urban communities on the planet. This is showcasing system of achieving numerous clients in their own usual range of familiarity. They alter their items as per the clients require. Their item targets distinctive efficient class of peple.They have items for everybody in the general public and that is the fundamental reason Engineering asset performance does well on the planet. Not at all like different organizations like Apple that make costly items can’t which a few purchasers manage. This how engineering asset performance has flourished with its expansion of item and keeping up great relations with the buyers. Engineering asset performance delivers hard product and furthermore its parts of which it helps it pick up preferred standpoint over its rivals by pitching this segments to them. Some portable organizations depend and purchase the part from engineering asset performance designers.

Engineering asset performance and flow operation methodology incorporate Research and advancement, Procurement, Manufacturing, coordination, deals, and after administrations. In innovative work engineering asset performance has devoted around 10% of its income to innovative work. Just about 33% of its worker work in the innovative work to concoct new market patterns and plans to set new benchmarks in the market. Examine has demonstrated that Apple spend around 3 % of its income in research henceforth Engineering asset  performance for the most part rely on upon the examination to remain in front of it contenders. In acquisition the organization outsources its generation to China where the work is modest. The organization decreases work cost which lessens the cost of creation. They then offer the items at market cost thus giving them a decent overall revenue. This empowers them to be aggressive in the market regarding expenses and deals. Most Engineering asset performance items are less expensive than different brands in the market because of this operation methodology. In assembling the organization has flourished because of capacity of understanding the market, mirroring and enhancing the contender's item. Engineering asset performance has been known for impersonating its rivals' items however reinforce and enhance the item beating the contenders unexpectedly. They can fabricate items rapidly and can make incremental enhancements on items inside a brief timeframe. In coordination’s Engineering asset performance has deliberately put its branches in various nations to help in the appropriation of its items. They have begun of the workmanship conveyance vehicles with prepared conveyance staff. They have versatile trackers which track the items progressively. The organization utilize successful circulation plans and advance courses which help in conveying the items on time to the assigned buyers. They have efficient work process that empower them to monitor parts and items as they are transported to the whole production network. The organization is centered around keeping up top notch merchandise while using the new patterns and innovation. Through this technique they anticipate that the organization will expand its overall revenues a seemingly endless amount of time since their principle target is to reach a wider market by the year 2020.The organization has enhanced organizations in various segment, for example, plant development, form, petrochemicals, back, solution, lodgings and high rise. They have balanced out the organization through this enhancement of their items. Engineering asset performances tays among the worldwide pioneer in gadgets creation and computerized media. Engineering asset performances outstanding for their after deals benefits particularly in speedy reaction in managing customers on the utilization of the items .Their target it to address buyer issues.

The purchaser reliably envisions that the cost will be lower, yet it is hard for the Engineering asset performance designs associations, for instance, Engineering asset performance o be humble due to the era cost especially the work cost. The Engineering asset performance designs line is not trashy, yet rather its components make it advocated, regardless of all the inconvenience. Another variable that effects customer decision of the Engineering asset performance designs line is available of information open the customers. The customers have the chance to differentiate the Engineering asset performance designs and other Engineering asset performance lines or it rise to Engineering asset  performance designs, for instance, the precious metal . The Engineering asset performances has anomalous metallic shape with an attractive shape, which will attract the customer on area. Enraged Competition from various brands given the buyer an amazing grouping of things to investigate in the market. The Engineering asset performance has made a brand unwaveringness to the customers by guaranteeing the phone is esteemed adequately, premium quality and unimaginable execution. These parts enable the Engineering asset performance designs to stay before the rest inside the wireless publicize.

In the Engineering asset  performance promote, there are factors which influence the client fundamental administration get ready. Culture contain traditions and customs which differentiate among people. The customs can impact the market cost especially in making countries where a Engineering asset performance may not be required since the all-inclusive community use the phone for basic correspondence. Engineering asset performance vanquished this test by consolidating itself into new markets through upgrade of the Engineering asset  perfomance designs thing. The association has particular brands, which consider the middle and top notch buyers. Social parts join developing where the developing masses impacts the demand of the phone. The adolescents can't tolerate the cost of top notch mobile engineering asset performance designs, be that as it may they are the ones familiar with new advancement. The developed who have enough cash to purchase the excellent metals need to use less convoluted engineering asset performance designs. Engineering asset performance has melded in such a market by offering and advancing their things extensively. Through this Engineering asset performance can check the demand hole made by the developing people.

Customers buy mobile Engineering asset performance designs generally in view of their individual needs or calling. Most models or iron characters require designs with extraordinary capabilities and awesome execution on account of their slant of their work. Diverse reasons for living like the IT client would require a computer with a not too bad processor and speed and enough memory to store data for their client. Engineering asset performance has isolated their things by making different engineering asset performance designs striking in a particular segment or shape. The Engineering asset performance has awesome Engineering asset performance designs optics both in the front and back camera for an unmistakable shot. The phone was made to check certain market or was expected to target solitary specialists.

As demonstrated by Maslow's levels of leadership of necessities, a Engineering asset performance is a necessity in the human life. Due to the revolution of technology, skilled labors have moved from using their hands to craft the metals to using technology such as melting and use of high temperature to turn metal into designs and shapes for sale. Operation Management is the process of managing and controlling the process of conversion of raw materials to finished goods. Operation management utilizes the personal experience and skills plus the knowledge collected to effectively manage the company. The engineering asset performance production line main objective is to convert the metal into different designs and shapes to make profit.

Operation administration is both and craftsmanship and science which is utilized to empower the change of the crude materials into completed products that are prepared for the clients utilize. The reason it is a craftsmanship and science is on account of uses both the individual information about generation and the educated learning .The hot moving creation line goes for changing over metal into different items by utilization of the temperature. At first, the individuals had no learning of utilizing machines to makes items from iron yet they utilized their abilities which speak to the component of craftsmanship to create different metal things. However, because of mechanical changes, new strategies have been produced which are utilized to change over metal or steel into different products for deals. The strategies incorporate dissolving of temperatures under temperatures to make it into things of one's decision.

The operational administrator is in charge of overseeing and supervising execution every one of the exercises to guarantee required outcomes are come to fulfill the client needs. He arranges exercises that the firm will be occupied with creating. It is essential with the end goal of any firm to be known before the initiation of business .Individuals and machines to do the exercises are distinguished to help in execution exercises and meet set due dates. He sorts out how things are done, coordinates the generation of items and in the long run controls the degree to their execution of exercises. Every one of these procedures guarantee the objectives and targets of the association are accomplished.

Metal is utilized for different exercises like vehicle make, making family unit things like seats, tables, entryways and windows, airplane and watercraft maker among numerous different items .The hot moving generation line manages metals with temperatures higher the recrystallization temperatures to deliver an assortment of metal items (Dixit, and Dixit, 2008). The items have a long life and are prescribed by many individuals. Moving points in diminishing the thickness of metals to items things of different sizes by going it through moves under various presentation to temperature. The metals are made to have a thickness which is uniform in this way guaranteeing same items are indistinguishable and alluring to clients.

In the operation administration, there are numerous things which are finished by the chiefs. Gauging of future requests is recognized to guarantee that the levels of creation are controlled and there is no surplus or shortage. The quality is checked in this level of various fabricated things and the directors' checks adjustment to the clients' needs .The level of stock is observed at this stage and the ideal level is kept up for accommodation in the generation procedure. The representatives in this are confronted with a persevering situation as the work requires vitality and mischances are high. Supervisors have the obligation to inspire the representatives to have resolve in employment execution handle.

All ventures are confronted with many difficulties which must be put into thought by chiefs as they help in accomplishing the business objectives .The steel or metal division has many difficulties, for example, high expenses of the crude materials making the net revenue underneath. Innovative changes which can render an organization obsolete when not put into thought .The organization may deliver items that don't meet the requests of client in this way need showcase for its products. The clients have high tastes and inclinations as far as quality and the administrations that a firm offers to them.

Conclusion

These makes the business cause fetched in research and different approaches to make clients cheerful. The principle target of the operation administration is to keep engineering asset performance steady and dependable. The organization is steady when the profits of the benefits surpass the operation expenses of the item. The operation administration group guarantee the items are performing admirably in the market. They make the organization solid by making top of the line items and the extras promptly accessible for the costumer to keep them happy with the item.

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