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VMA Sees Limited Valve Shipment Growth for 2017

VMA Sees Limited Valve Shipment Growth for 2017

After a year of little growth in 2016, U...

How to Improve Reliability and Safety of Solenoid Valves

How to Improve Reliability and Safety of Solenoid Valves

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Human Factors Can Cause a Disaster—or Prevent One

Human Factors Can Cause a Disaster—or Prevent One

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Improving Valve Sealing Performance and Reliability

Improving Valve Sealing Performance and Reliability

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Industry Headlines

ISM: Manufacturing Jumps to Two-Year High

Wednesday, 01 March 2017  |  Chris Guy

According to the Institute for Supply Management (ISM), manufacturing expanded in February as the Purchasing Managers Index (PMI) registered 57.7%, an...

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Industry Headlines

Flowserve Appoints Jay Roueche Interim CFO

-1 DAYS AGO

John E. (Jay) Roueche III, Flowserve’s vice president, investor relations and treasurer, will assume the role of interim chief financial officer (CFO), effective immediately. Mr. Roueche’s appointment follows Karyn Ovelmen’s departure from the company as executive vice president and ...

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GE Oil & Gas Selected for Louisiana LNG Export Facilities

1 DAY AGO

Venture Global LNG, Inc. has selected GE Oil & Gas as a strategic partner to provide a plant-wide technology solution for its liquefied natural gas (LNG) export facilities under development in Louisiana. Under the agreement, GE Oil & Gas will leverage advanced technologies to deliver a compr...

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Chemical Processing Industry Expects Growth in 2017

22 HOURS AGO

According to a recent Chem Show survey sent to more than 10,000 chemical and other processing manufacturers, equipment suppliers, and design/engineering firms, 2017 is expected to foster significantly elevated business prospects and sales throughout the chemical processing industry. Based on survey r...

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LNG Exports Expected to Drive Growth in U.S. Natural Gas Trade

1 DAY AGO

The U.S. is expected to become a net exporter of natural gas on an average annual basis by 2018, according to the recently released Annual Energy Outlook 2017 (AEO2017). The transition to net exporter is driven by declining pipeline imports, growing pipeline exports, and increasing exports of liquefie...

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ISM: Manufacturing Jumps to Two-Year High

-1 DAYS AGO

According to the Institute for Supply Management (ISM), manufacturing expanded in February as the Purchasing Managers Index (PMI) registered 57.7%, an increase of 1.7% from the January reading of 56%, indicating growth in manufacturing for the sixth consecutive month, and is the highest reading since ...

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Growth in Texas Manufacturing Activity Continues

22 HOURS AGO

Texas factory activity increased for the eighth consecutive month in February, according to business executives responding to the Texas Manufacturing Outlook Survey . The production index, a key measure of state manufacturing conditions, rose five points to 16.7, suggesting output growth picked up pac...

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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.

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