Tag: asset life cycle

Industrial Lubrication and its importance for Asset Performance

In the industrial world, lubrication goes far beyond routine operational tasks. It is one of the most critical practices for ensuring asset reliability and longevity. When applied correctly, it helps reduce friction between components, control temperature, and maintain machine performance even under harsh conditions. However, despite its strategic importance, lubrication is still often treated generically,… Continue reading Industrial Lubrication and its importance for Asset Performance

Industrial Assets Life Cycle

Assets are material goods that have value in themselves or produce value for an organization. The definition of asset, for the purposes of this article, will be restricted to tangible assets, i.e., material goods that comprise the physical production structure of industries, such as machinery. Asset management involves the optimal management of their life cycle,… Continue reading Industrial Assets Life Cycle