Improve

We can help to improve efforts to achieve the Asset Management goals and increase asset's Return On Investment (ROI) by developing asset management strategy and operations to match your companies' mission and vision. An Asset Management strategy should be derived from the Company strategy and objectives, but should also take into account the current Asset Management situation (AS-IS).

For analyzing the AS-IS situation, we will perform AM assessments, SWOT analyses and risk assessments. To define the required TO-BE objectives, the Company objectives will be translated into AM objectives. The strategic actions to overcome the GAP are defined. A roadmap is created to prioritize and place them in the required order.

Asset Owners struggle with questions like; which of the various project proposals will show demonstrable and sufficiently desired results in terms of value? How do I weigh the (short term and long term) results, and how do I include market developments in the assessment of projects? When do I choose CAPEX, and when do I choose OPEX?

If these are the questions you are facing, then we can help you formulate clear answers!

Value-based investment decision-making is a method of making important investment decisions in a well-substantiated way, delivering optimized value against minimized risk exposure. 

The basis for the decision-making process is done by consistently setting the expected results against the realization of desired business goals, benchmarks, and stakeholder expectations. The process of making choices is weighted and supported, more objective, takes risks into account, and gives a more realistic expectation of an investment. With proper CAPEX (e.g. asset investment) and OPEX (e.g. asset management optimization) projects, you create a strategy with both a short-term and long-term approach to achieve your desired goals.

Unacceptably long repair times, excessive spare part inventory, inefficient technicians and gap or overlap in maintenance planning and scheduling. These are common examples of waste in maintenance and supply chain organizations.

Resources are almost always scarce; therefore, it matters that you use them efficiently to avoid stress and achieve optimal results. 

Our approach encompasses 5 vital steps: 

1. Identify waste and zoom in on the most significant ones in the organization; 
2. Evaluate work processes, identify areas of improvement and reorganize work processes; 
3. Agree upon “change” necessities within the organization. Make sure (key) personnel understand the necessity and importance of change, before jumping into implementation; 
4. Implement new work process; stay vigilant to possible modifications; 
5. Sustain a continuous improvement culture in the organization to embrace change and continue the journey. 

Ageing assets, difficulty in recruiting and retaining employees, changing regulations, new technologies and reduced budgets, all pose challenges for the execution of safe and high-quality maintenance. Difficulties also arise for the availability and reliability of your assets. This puts high pressure on your maintenance organization to step up performance, and to continue to improve.

In response to these challenges, Stork has developed Stork Performance Maintenance (SPM). By sustainably raising the maturity level of your organization and processes, and by working together to shape the optimal maintenance partnership, we unburden your team and deliver maintenance that is executed safely, better, faster, and more predictable. Together, we work on improving your asset performance and reducing your maintenance costs. 

Key elements of our approach: 

• Starting with a case for action, based on a comprehensive as-is assessment. 
• Working with you to shape the optimal partnership and contract model, fitting the maturity, needs and current capabilities of your organization. 
• Using a structured, step-by-step, process to jointly build the organization and develop our partnership.