Asset Management

It is critical for equipment rental companies to track assets effectively and have full visibility of condition changes to manage high-value assets in the most efficient way possible. Having access to real-time insights relating to critical equipment in this manner is proven to help assure safe readiness for use, unlock operational efficiencies, and boost profitability.

Kuwait is a leading fossil fuels exporter with rich oil reserves buried beneath the modulating landscapes and a growing demand for energy, which is expected to triple by 2030. To ensure these demands can be met and energy diversification in the region is achieved, Kuwait targets to increase the share of renewable energy generation to 15% by 2030.

Whilst existing onshore and offshore production facilities continue to produce significant amounts of oil, new fossil fuel exploration, and production projects are emerging and initiatives to reduce the countries carbon footprint are beginning to take shape, it is critical for operating companies to remain focused on safety and integrity of the facilities that are being operated, built, and designed.

Hospitals are complex facilities where decisions often must be made in a time-sensitive, pressurized environment. Tracking the movement and whereabouts of patients, staff, pharmaceuticals and medical equipment can become a difficult task which can influence the health outcomes of patients, overall productivity, and efficiency of hospital procedures.

Training is often one of the first budgets to be sacrificed during corporate cost-cutting initiatives, and although it will deliver immediate cost reduction results, a lack of investment in this area is proven to lead to increased risk and spend later on.

Safe, efficient, and effective asset management is dependent on an optimized maintenance and integrity management regime, built using an optimized approach and the right tools to develop structured, and quality master data. 

Accurate and reliable equipment and maintenance Bill of Materials (BoMs) are crucial for assuring the correct equipment, with the correct specifications are procured in a timely and cost effective manner. A highly functional BoM will include a comprehensive list of materials, components and instructions required to build, replace or maintain a piece of equipment. 

A high performing plant is one that is safe, efficient, reliable, and profitable and there are many critical success factors that come into play when it comes to striving for excellence.

Efficient and effective warehouse management relies on good quality and accurate data, fit for purpose processes and technology and a competent team. When any of these key success factors are compromised, a business is likely to experience:

• Wasted expenditure
• Time delays
• Production deficits
• Poor productivity