Asset Performance Tools Limited
Formed by some of the top experts in Asset Management in 1996, it was tasked by an international consortium of major companies (the MACRO· project) with developing a range of radical solutions to the most difficult problems of industrial management. With the help of some of the leading European engineers, trainers, mathematicians, systems analysts and field testing personnel, it has achieved this goal - designing practical tools for everyday use in areas of great uncertainty and complexity. The resulting seven modules of the Asset Performance Toolkit are explained in further detail on this website.
The feedback from the wide range of industrial users has already confirmed the staggering impact of what has been achieved. Maintenance intervals have sometimes been doubled (and sometimes halved!), stock levels have been reduced by 60%, project evaluations/justifications performed in an average of just 15 minutes and asset replacement timing has been radically altered. In every case, the economic and risk implications are fully visible, with the resulting decision based on a 'Total Business Impact' assessment. Savings discovered in individual case studies range from mere thousands of dollars per year to tens of millions. The payback for the tools themselves is measured in days.