Lubwatch, Asset Driven Lubrication Methodology is a unique methodology that compromises leadership of industrial organizations to engage
in reliable Lubrication Standard Operating Procedures geared to take advantage of Lost Profit Opportunities related to Lubrication, in specific and critical Assets, to increase
EBITDA returns per asset, of no less than 10%.
The objective is to implement a Lubrication Program for one asset at a time, taking into account all relevant aspects regarding the operating environment of this particular asset, writing the procedures for this asset on how to select the asset´s lubricants, how to control contamination of lubricant in this asset, how to perform Strategic Oil Analysis for this asset, how to measure Reliability index, FEMA (Failure Mode and Effect Analysis in US Dollars) and OEE for this asset, and How to Safely Discard Used Lubricating Oils of this Asset. At the same time the Training is given, we train respective people involved in writing respective procedures.
Involves the active participation of those responsible of financial, quality management, health and sustainability, Storage, purchasing, maintenance and production departments, in the area of lubrication, seeking to improve the better utilization of assets and to improve its contribution to the net income.
ISO 55001 Asset Management with Risk Based Orientation
ISO 4406 Cleanliness Codes for Lubricating and Fuel Oils
ISO 18436:4 Lubrication program for field engineers
Asset Management with Risk Based Orientation
Asset Management is a mixture of art with scientific processes that allow us to obtain the satisfaction of the people involved combined with the best financial performance of the assets. In essence, it is the set of procedures for the selection, financial management, production and maintenance to achieve the maximum net economic value of the assets acquired, implemented and running, with respect to the regulatory standards of health and safety-environment-risk throughout their life cycle, and how and when to replace them.
The Management of Assets, is the pooling of efforts of all responsible bodies which interact with assets, in order to achieve both healthy and productive processes in the financial part of the satisfaction of the people involved and of the society.