05242018Thu
Last updateThu, 24 May 2018 2pm

i

Metal Additive Manufacturing in the Valve Industry

Metal Additive Manufacturing in the Valve Industry

Metal Additive Manufacturing (AM) is a f...

The Past, Present and Future of Fire Testing

The Past, Present and Future of Fire Testing

Because so many of the applications wher...

Advancements in Blue Laser Scanning

Advancements in Blue Laser Scanning

As the industrial world continues to exp...

SubscribeSPR18

FREE SUBSCRIPTION*

• Print magazine
Digital magazine
• VALVE eNews
Read the latest issue

*to qualified valve professionals in the U.S./Canada

The Weekly Report

New Products

  • ja-news-2
  • ja-news-3

Industry Headlines

IHS: Manufacturing at Strongest Level Since Sept. 2014

Thursday, 24 May 2018  |  Chris Guy

The seasonally adjusted IHS Markit Flash U.S. Manufacturing PMI registered 56.6 in May, up fractionally from 56.5 in April, to signal the strongest im...

Readmore

Loading...
Advertisement
i

Industry Headlines

Curtiss-Wright Supporting Ford-Class Aircraft Carrier Program

2 DAYS AGO

Curtiss-Wright has been awarded a contract valued in excess of $85 million to provide main propulsion steam turbines and auxiliary equipment for the U.S. Navy’s Ford-class aircraft carrier Enterprise (CVN 80). The award was received from Huntington Ingalls, Newport News Shipbuilding (HII-NNS) ...

Readmore

Crane Celebrates Opening of New Plant in India

2 DAYS AGO

Crane ChemPharma & Energy celebrated the inauguration of its newest location, an aseptic diaphragm valve factory in Satara, India. Crane invited hundreds of customers and industry stakeholders to participate in a day-long event complete with a tour of the new plant and luncheon held on May 10, 201...

Readmore

LNG, Ethanol Sellers Buoyed by China Trade Talk

1 DAY AGO

“China's interest in reducing its trade surplus with the United States through increased energy imports could advance plans for U.S. liquefied natural gas (LNG) plants and ethanol sales, said analysts and energy executives involved in developing new LNG facilities.”

Reuters  reports th...

Readmore

Chemical Activity Up as Pace of Growth Slows

1 DAY AGO

The Chemical Activity Barometer (CAB) from the American Chemistry Council (ACC), rose 0.1% on a three-month moving average (3MMA) basis in May to 121.9. The barometer is up 3.9% on a 3MMA compared to a year earlier. The unadjusted CAB showed a second consecutive month of gains, up 0.2% in May and also...

Readmore

IHS: Manufacturing at Strongest Level Since Sept. 2014

2 HOURS AGO

The seasonally adjusted IHS Markit Flash U.S. Manufacturing PMI registered 56.6 in May, up fractionally from 56.5 in April, to signal the strongest improvement in business conditions since September 2014 . May data revealed relatively strong rises in both manufacturing production and incoming new busi...

Readmore

Philly Fed: Manufacturing Activity Up in May Survey

2 DAYS AGO

The Philadelphia Fed’s monthly survey indicate a pickup in growth for the region’s manufacturing sector. The indexes for general activity, new orders, shipments, and employment all improved from their readings last month. The indexes for prices paid and received continued to suggest price ...

Readmore

Advertisement

Asset Management: A Plant Manager’s Best Friend

vmfall11_maintenance_tabletInformation about the performance of a facility’s valves has never been more readily available—or more important. Digital positioners and distributed controls can provide valuable data about the operation of the overall system. At the same time, the growing complexity of today’s facilities, increasingly stringent regulatory and reporting requirements, and growing pressure to improve plant performance have combined to make that valve data more vital than ever.

But how can an operations or maintenance manager get the best information? To be useful, the data must be readily available and presented in a user-friendly manner. Asset management systems can fulfill this need by providing easy access to a database containing details of the history and health of every valve in a plant.

WHAT IS AN ASSET MANAGEMENT SYSTEM?

An asset management system is the valve equivalent of the electronic medical recordkeeping systems used by hospitals and clinics. For medical applications, the patient’s electronic record contains such information as test results, prescription history, diagnostic images and notes on previous appointments. The physician can access this data with just a few clicks of a mouse, no matter the time of day or night or whether he or she is in the office the patient typically visits, or at a sister facility. Having this complete record helps the physician identify any changes in the patient’s health over time, make accurate diagnoses, alert when routine tests and procedures should be completed and properly bill the insurance provider.

Similarly, an asset management system for valves stores performance data, maintenance records, test results, piping and wiring diagrams, photos and other vital and diagnostic records in a simple and logical manner. The information can then be easily retrieved for use in tasks such as performance analysis, outage and maintenance planning, inventory management, validation reporting to inspectors and loop analysis. An asset management system also can help plant personnel see trends in valve performance over time, diagnose performance problems, determine whether a valve should be repaired or replaced, streamline plant turnarounds and other maintenance activities, and more easily meet documentation and reporting requirements.

Various types of asset management tools are in use today, ranging from spreadsheets and other user-designed tools to sophisticated Web-based programs. The following are key factors to consider when evaluating the options and choosing the right solution.

RANGE OF CAPABILITIES

A key objective of implementing an asset management system is to simplify and streamline processes. To aid in this goal, plant personnel can choose a single tool that will meet all of the plant’s needs, rather than juggling multiple tools to accomplish different tasks.

This single tool should be able to capture data about all types of valves in a plant—control, pressure relief, line, gate, motor-assisted, etc. It also should record information about a valve and all of its accessories, not just an individual component, such as a positioner.

SUPPLIER SUPPORT

It also is important to have confidence that the system’s developer will stand behind the product and provide ongoing support and service, including adding new features and modules. The college student next door who is home for the summer may be a software development whiz; but he or she is not likely to be available come fall, let alone years down the road, to field technical questions and ensure a tool meets evolving needs. A wiser move would be to choose a strong provider committed to its product.

DATA INPUT

Because asset management is about the quality of data, the old adage “garbage in, garbage out” holds true. Data input and maintenance must be regular and accurate if a tool is to provide expected benefits. Some plant operators prefer to handle these tasks in-house. Those who do not have on-staff resources to accomplish these tasks faithfully, however, should consider other options. Some valve service providers offer managing their customers’ asset management systems as a value-added benefit at no additional cost. The end user still owns the data and links to that information, but the service provider handles the data entry and system maintenance.

  • Latest Post

  • Popular

  • Links

  • Events

BUYERS GUIDE 300x220

Looking for a career in the Valve Industry?

ValveCareers Horiz

To learn more, watch the videos below or visit ValveCareers.com a special initiative of the Valve Manufacturers Association