Lloyd’s Register announces new software release for maintenance optimisation

APMLloyd’s Register (LR) has announced the release of LR AllAssets that is set to optimise asset and plant performance and reduce maintenance costs by up to 30 per cent

This release adds new functionality to the AllAssets asset performance management (APM) platform with the addition of a maintenance optimisation module, which includes RCM, FMEA, FMECA and maintenance optimisation capabilities and libraries.

Jim Stuart, senior vice-president for Software, Lloyd’s Register, stated, “Many assets operate with a maintenance strategy and plan which is a legacy of a past economic era and have typically remained constant over the asset life, irrespective of changing production and commercial realities. Original equipment manufacturer (OEM) recommendations can go unchallenged resulting in unnecessary maintenance burdens which place significant pressure on asset teams and operational budgets.”

LR’s approach to APM aims to bring together facility-specific asset data and engineering expertise, thus enabling customers to determine the most effective maintenance strategies.

The AllAssets platform uses advanced analytics to help customers mitigate business risk and optimise plant performance. Preconfigured risk and reliability models and a unique model builder tool enable customers to easily configure the templates for their own environment without the need for software coding – reducing costs and providing faster time to insight.

A secure, cloud-based solution, AllAssets frees your workforce from spreadsheets and allows a systematic approach to capture human knowledge and best practices, all in one place and accessible across the organisation. The platform includes a module for risk-based inspection (RBI) as well as extensive best practice and failure history libraries.

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