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Enterprise Asset Sustainability

We do not inherit the earth from our parents, but borrow it from our children.

On December 7, 2009 global leaders and environment ministers from all over the world will meet in Copenhagen to discuss about climate change. Climate scientists are convinced the world must stop the growth in greenhouse gas emissions and start making them fall very soon. Corporations are discussing the implications of de-carbonizing the economy on their businesses. Some corporations are sincere in taking sustainability on whereas some are embracing it as a pure PR exercise. Whatever the reason, there was never a stronger impetus on sustainability than today.

One solution to sustainability may lie in Enterprise Asset Management EAM is still synonymous with preventive maintenance management and spare parts inventory management. Expanding the scope of enterprise asset management to include energy management and fugitive gas emissions will prove a useful aid in effectively managing asset sustainability and cutting down carbon emissions. An effective asset sustainability strategy should consider the appropriate management of energy of every aspect of the organization, from data centers and fleets of mobile assets, to facilities and fixed production equipment.
 
Condition monitoring capabilities of EAM software can be utilized to track energy consumption of critical assets. Building automation and control systems, environmental monitoring systems and power metering solutions can be integrated with EAM applications. The data fed from these systems can be analysed to monitor actual energy consumption of assets with designed consumption ratings.
 
Incorporating energy consumption triggers into routine maintenance programs will ensure that assets are not only operationally efficient but are also energy efficient. Analyzing energy consumption data will also lead to using better spare parts that improve energy efficiency. These spares might be bit more expensive than the normal ones but the savings in energy consumption will offset the additional cost. Incorporating asset sustainability in enterprise asset management strategies will ensure that EAM not only has the greatest impact but also the greenest one.

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