Are you maximizing your assets’ capacity?

News / Blog

In recent months, the process industry has seen drastic changes made to the market due to COVID-19. As the world is placed in lockdown, the demand for crude oil significantly decreases as it is not being used. This creates a new challenge in the tank storage sector as tank space for crude oil has reached its full capacity.

Finding space for crude oil during this time is especially difficult as space is also fought over by other unused products. Large global tank storage sites are working hard to complete all maintenance on their remaining tanks so they can be used. However, the duration of these maintenance tasks is difficult to predict, especially when the asset information used is incorrect.

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These challenges faced during the pandemic show the importance of maximizing uptime of your assets at all times by executing all maintenance activities more effectively. When you are using correct asset information, you will radically increase the capacity of your tank storage units as you will only be working with reliable and validated information and maintenance can be performed more efficiently

Below are 3 of our tips on how you can ensure that your asset information is correct:

1. Make all asset data accessible

There are silos present in every company, which are made up of the different departments who create new asset data. Rarely do the asset data leave these silos. To ensure that you have correct information, make your asset data accessible to everyone in your company.

Accessible asset data ensures that no local copies are used. This will make it easier for anyone in your company to make updates and check on errors, reducing the risk of using outdated, irregular, or even irrelevant asset information.

2. Synchronise asset data

When you are using different systems to create and store your asset data, it is essential that these systems are synced. You run the risk of using incomplete asset data when these systems are used independently and separately.

Synced systems mean synced data, which will ensure you that all new asset data created will be matched up and updated throughout your company. This will help you keep track of all asset data and prevents them from going missing.

3. Share all available asset data

The asset data you collect is going to be quite raw and diverse, especially because they are created from different departments. It can be quite the challenge to translate the raw data when they are not shared. If you cannot understand your asset data, then you cannot use them.

Sharing all asset data throughout your company is vital in having correct information because all asset data created can be validated and misinterpretations can be avoided. Sharing makes your asset data more transparent, seamless, and more convenient to use.

Ensure that you are performing your daily tasks with the most correct information. Having correct information will help speed up the process of any maintenance work that even during a time of high tank storage demands, you are well-prepared to maximize all tank capacity again in no time.

 


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