Relentless market pressures force asset owners to continuously derive more value from their assets and to improve the performance of their organization. They often find themselves juggling a growing number of CAPEX and OPEX initiatives. Subsequent internal competition for scarce resources (people and money) typically leads to stress, delays and suboptimal results.
Lack of resources to thoroughly implement changes also impacts their effectivity. And all the while, organizations are trying to formulate and implement an all-encompassing asset management strategy that ties everything together and keeps everyone aligned.
Combining thinking & doing
We understand asset strategies and drive sustainable improvements by working together with you and your teams. Our consultants combine hands-on implementation expertise with field proven solutions:
- Asset Management Strategy Development
- Value-based Portfolio Management
- Lean execution
- Outsourced execution
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.
Long-term OPEX and CAPEX planning
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 decision making
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.
Improving Maintenance Efficiency
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.
Efficiently use resources
Our approach encompasses 5 vital steps:
- Identify waste and zoom in on the most significant ones in the organization;
- Evaluate work processes, identify areas of improvement and reorganize work processes;
- Agree upon “change” necessities within the organization. Make sure (key) personnel understand the necessity and importance of change, before jumping into implementation;
- Implement new work process; stay vigilant to possible modifications;
- 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.
- Strategy development
- Portfolio management
- Lean execution
- Performance partnerships
How we make the difference!
|ISO55000 Endorsed Trainers||Stork is registered at the Institute of Asset Management (IAM) in London as an endorsed trainer in ISO 55000. All Stork assessors are trained in the assessment process and content, which guarantees consistency and high quality of services.|
|Independent consultant||We are an independent consultant in portfolio management, and we work together with different software providers. We can help select and implement the best solution for each Asset Owner.|
|Integrating thinking with doing||Our consultants are capable of translating asset management gaps into pragmatic and proven solutions and of supporting hands-on implementation services.|
|First mover in Lean Maintenance.||Stork was one of the founding fathers of World Class Maintenance. In field labs, new field proven applications have been developed to support Lean maintenance. With these new digital tools (such as the Hands on Tools Time (HoTT) app), we continue to lead the way in applying Lean methods.|
|Knowledge management||If you ask for the help of one Stork consultant, you will automatically receive the knowledge of the complete Subject-Matter Expert (SME) network. All knowledge that our SMEs have gathered in recent years has been translated into best practices that are applicable in the market. We use these best practices to optimally support you in the execution of your assignment.|
Proven expertise in improvement
Akzo Nobel asset/maintenance improvement
Change Management at BASF Antwerp
Webinar | Upfront operational readiness
Stork’s UpFRONT Operational Readiness program can help you avoid common startup failures, mitigate risks, maximize return on investment and provide the foundation for consistent design performance throughout its life cycle. Watch our webinar today!
A field proven vision on asset management
Get in touch with us
Our Subject Matter Experts take the time to discuss your existing challenges and help you make smart decisions that best meet your needs.