Engeering Horizon

EH MAY 2017- INDUSTRIAL INSTRUMENTATION & CONTROL

EH MAY 2017- INDUSTRIAL INSTRUMENTATION & CONTROL

September 14
16:55 2017

INSTRUMENT UTILIZATION THE MISSING PIECE OF ASSET MANAGEMENT

Laboratories are the engines of innovation: from pharmaceuticals to chemicals, academia to oil & gas, labs produce the insights and discoveries that move the world forward. Over the past three decades, laboratories across the globe – from R&D to quality control – have experienced rapid changes. New demands from the marketplace, personnel changes, and added equipment has fueled a dynamic laboratory environment. However, a consequence of this growth is the addition of instrumentation and capital equipment.

By: Dr. Alok Tayi

1 – State of Affairs

For lab managers, these changes results in an exponential increase in responsibilities. Nowadays, as labs seek to become more productive, flexible, and competitive, managing their instrumentation and capital equipment is top of mind. The traditional components of managing assets, like asset tracking, provide overburdened lab managers with better access to equipment information. Such capabilities serve as the foundation for an effective asset management process. Yet, as priorities evolve, labs seek to become more flexible, ensure access to the best capabilities, and decrease costs. To satisfy these requirements, however, lab managers and executives lack the operational insight required to make the best decisions. Which instruments require service contracts? Which instruments should we purchase more of? Which instruments should be redeployed? If they are to be redeployed, to whom? Institutions are often left guessing how best to manage their myriad of capital equipment and where to allocate limited resources. The key to making the best capital equipment decisions is instrument utilization. Data on instrument utilization provides lab managers and

 

executives with real, tangible data on the usage of instrumentation at any point in time.

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Engineering Horizons

Engineering Horizons

“Engineering Horizons” is the first & leading technical magazine of Pakistan covering Process, Mechanical, Metallurgical, Mining, Electrical & Electronics field under a single cover. We also feel pleasure in saying that this is the only magazine of its own kind & style, which is widely circulated in all Engineering Sectors of Pakistan.

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