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HR Professionals Gather at VMA Workshop

HR Professionals Gather at VMA Workshop

Human resources managers, executives rep...

Valves in a Cement Slurry Line

Valves in a Cement Slurry Line

Basically everywhere you look in modern ...

Triple Offset Butterfly Valves

Triple Offset Butterfly Valves

Since their introduction to the market m...

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Industry Headlines

Manufacturers Expecting Increased Revenues, Employment Growth In 2017

Friday, 09 December 2016  |  Chris Guy

Economic growth in the U.S. will continue in 2017, say the nation’s purchasing and supply management executives in their December 2016 Semiannua...

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Industry Headlines

Siemens Industry Acquiring Mentor Graphics for $4.5 Billion

3 DAYS AGO

Siemens and Mentor Graphics have entered into a merger agreement under which Siemens will acquire Mentor for $37.25 per share in cash, which represents an enterprise value of $4.5 billion. Mentor will then be consolidated into Siemens Industry, according to the Atlanta Business Journal .

Mentor Graphics ...

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GE Oil & Gas Signs Agreement with TAG GmbH

3 DAYS AGO

GE Oil & Gas has signed an agreement with TAG (Trans Austria Gasleitung) GmbH, a pipeline operator with stations across Austria, to install its new Tuning Maintenance Software (TUMAS) across TAG’s fleet of 16 PGT25 gas turbines. This is the first time this solution has been rolled out across...

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‘Buy America’ Debate Holds Up Water Infrastructure Bill

2 DAYS AGO

A debate in Congress is taking place over whether to restore a ‘Buy America’ provision in the Water Resources Development Act (WRDA) before a final version is voted on. The ‘Buy America’ rule already passed in the Senate version of the bill. It was then pulled from the compromi...

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New Pipeline Safety Rule Expands Excess Flow Valve Requirements Again

4 DAYS AGO

In October, 2016, The Pipeline and Hazardous Materials Safety Administration (PHMSA) announced a final rule that expands safety requirements for excess flow valves (EFVs) to multi-residential and commercial applications. That version of the rule covered the installation of EFVs in new or replaced se...

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Manufacturers Expecting Increased Revenues, Employment Growth In 2017

1 DAY AGO

Economic growth in the U.S. will continue in 2017, say the nation’s purchasing and supply management executives in their December 2016 Semiannual Economic Forecast. Expectations are for a continuation of the economic recovery that began in mid-2009, as indicated in the monthly ISM Report on Bu...

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Poll: U.S. Economy to Grow 2.2% in 2017

3 DAYS AGO

National Association for Business Economics’ (NABE) December 2016 Outlook Survey forecasts 2.2% growth in real GDP for 2017. The annualized growth rate forecasted for 2017 inched downward to 2.2% in the current survey from 2.3% in September. Both projections illustrate the panel’s expectat...

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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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