New York, US, Feb. 01, 2023 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), “Plant Asset Management Market: Research Report by Offering, by ...

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Plant assets and equipment usually represent a large portion of a company's total assets. The cost to maintain and depreciate fixed assets can also be a big line item expense on the income statement.

Asset management means different things to different people. But it boils down to converting raw data and observations about equipment and components into information and knowledge that is then used, ...

If an inspection reveals any shortcomings ... a manufacturer may be warned, fined, or its facility closed down until full control can be demonstrated to the satisfaction of the authorities .... Both ...

Asset data is crucial in the power generation industry. Without it, utilities are forced to speculate about how long their assets will last, when they will need repair, and which strategies will ...

The autonomy and sophistication of assets continue to evolve as technology advances. That, and stiff competition, leaves no room for error in asset management ...

A factory and its machinery are examples of plant assets. Broadly speaking, an asset is anything that has value and can be owned or used to produce value, and can theoretically be converted to cash.

The last area where plants tend to give up manual monitoring and take up automation is asset health management. Here’s why operations and maintenance teams must take this critical step. In the ...

A coal-fired power plant in Pennsylvania will have its assets liquidated. Asset management company Stuart B. Millner & Associates signed a contract with Piney Creek Limited Partnership to liquidate ...