The Long-Term Asset Replacement Plan – What is it and what is it used for?
Insufficient control over capex? Unexpected major expenses? The sentence: “that will definitely last another 10 years?” These are all good reasons to consider preparing a Long-Term Asset Replacement Plan (LTARP).
“Aging” and BRZO: more than just the hardware!
The majority of the facilities in the (petro)chemical industry in the Netherlands have been operating for many years. Many of them could be categorized as relatively old - “aging” - facilities, which could give an increased risk to the occurrence of accidents.
IOT innovations improve better decision making based on accurate asset data
Asset-intensive companies face tighter maintenance budgets, stricter regulations and increased pressure to improve asset performance, whilst confronted with aging assets and workforce.