The measurement of asset utilization becomes a key aspect in performance management when the pursuit of business objectives involves tracking of assets and their optimization. Assessing the present state of assets and devising strategies accordingly to attain better return on assets is a challenge for asset heavy enterprises. While the deployment of an Enterprise Asset Management (EAM) solution necessitates rethinking of commercial and industrial philosophies about asset performance, it leads effective utilization of resources. However, the organizations experience difficulty in finding the right vendor that would deploy a customized solution to bring about a better yield on assets.
Based in Houston, TX, ABS Group provides EAM services related to system and application selection through full implementation, integration, and support. Serving diverse industries from marine to government, ABS Group analyzes a client’s readiness for the implementation of a solution. “ABS Group has a unique range of technical services focused on meeting the needs of a strong, diverse client base,” says Todd Grove, President and CEO, ABS Group.
With efficient use of resources and adherence to regulations as primary goals in the deployment of an EAM solution, ABS leverages IBM Maximo Asset Management, Infor EAM, Oracle EAM, and SAP PM. ABS Group’s engineers measure asset reliability using two major parameters—maintenance, cost as a percent of Replacement Asset Value (RAV), and uptime for critical assets. Leveraging the experience gained from hundreds of successful EAM implementations, team ABS evaluates operations, processes, and delivers tailor-made solutions that are cost effective. ABS’s Asset Reliability suite encompasses various aspects related to asset management such as reliability engineering and Preventive Maintenance (PM) optimization.
ABS provides strategic services such as benchmarking assessment and global EAM Strategy Development and Planning in its endeavor to serve in the allied areas of the asset management arena.
ABS Group has a unique range of technical services focused on meeting the needs of a strong, diverse client base
The company provides enterprise risk management services that assist in identifying and overcoming internal and external risks and eventually safe harbors the client’s business mission and goals. The proactive approach for risk detection also pinpoints the organizational strengths and weaknesses.
In the journey so far, ABS has been successful in aptly analyzing and addressing their clients’ needs due to its industry expertise and proficiency in utilizing the proven methodologies. One of its customers from the oil and gas industry had to resolve maintenance backlogs. The client wanted to utilize the equipments, which were onboard the Floating Production Storage and Offloading (FPSO), in efficient manner. Team ABS completely reviewed the client’s existing maintenance program and created comprehensive Asset Criticality Ranking (ACR). The company also cleaned up the data in the customer’s Computerized Maintenance Management system. ABS coupled Risk Based Inspection (RBI) approach with preventive maintenance program to formulate a mechanical integrity plan. Eventually, the customer was able to bring down the order backlog by 40 percent. As a part of ongoing analysis, ABS provides reliability analytics and conducts structured root cause failure analysis in case of a critical event.
The firm has experience in deploying EAM solutions in industries ranging from marine to oil and gas in the Americas, Europe, Middle East, Africa and Asia Pacific region. ABS has successfully built relationships with international regulatory agencies, lending it global expertise in adhering to guidelines. The company looks forward to enhance the overall asset management experience and contribute to the increased net revenue of clients.