Avantis Introduces Audit Service to Help Identify and Develop Opportunities for Improved Asset Performance.Business Editors National Manufacturing Week CHICAGO--(BUSINESS WIRE)--Feb. 23, 2004 Audit Provides Structured Approach to Analyze Maintenance and Materials Management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, Practices The Avantis Avantis is a brand of Invensys Process Systems, based in Foxboro, Massachusetts, which is a Division of Invensys plc. based in London. Invensys (ISYS) is listed on the London Stock Exchange. unit of Invensys Invensys plc is a British engineering company, headquartered in London, England. It was formed by the merger of Siebe and BTR in 1999. The company is multinational with operations in over 60 countries, employing over 35,000 employees. plc today announced the launch of a new service, called Management of Asset Performance (MAP) Audit. Utilizing Avantis' widely recognized expertise in enterprise asset management (EAM (1) (Enterprise Asset Management) The management and control of the information technology assets within the enterprise. The asset management repository includes a description of the asset as well as contract information pertaining to its acquisition. ), the new service is designed to provide a structured approach to analyzing all key aspects of a company's maintenance and materials management functions and identifying specific opportunities for improvement. This audit service is of interest to all senior managers who are accountable for the profitability and effectiveness of physical and human assets engaged in manufacturing, process and service industries. This guided self-assessment begins with a pre-audit questionnaire and is followed by a three-day on-site visit which includes interviews and a focus group workshop. A final report is prepared and presented for consideration. "To a large extent, the MAP Audit is an educational process that provides insight into an organizations current baseline The horizontal line to which the bottoms of lowercase characters (without descenders) are aligned. See typeface. baseline - released version , challenges, and potential improvement areas. The audit helps to establish appropriate incentives, identify a specific course of action, and implementation plan," commented Ted MacDonald, asset performance manager from Invensys. The improvements and/or savings that most organizations strive to achieve through introduction of EAM software are largely dependent on the organization's willingness, and ability, to introduce changes in the way it manages its business. An EAM system is an enabling tool to catalyze cat·a·lyze v. To modify, especially to increase, the rate of a chemical reaction by catalysis. catalyze to cause or produce catalysis. and support those changes. The business practices and procedures combined with the organizational changes in terms of culture, roles and responsibilities, etc. are most often the basis for any improvements. This positions the MAP Audit as an essential and logical starting point Noun 1. starting point - earliest limiting point terminus a quo commencement, get-go, offset, outset, showtime, starting time, beginning, start, kickoff, first - the time at which something is supposed to begin; "they got an early start"; "she knew from the . "At Invensys we are committed to jointly setting goals with our customers, understanding the tasks to achieve those goals and utilizing a measurement system to know that we have arrived. The MAP Audit is the framework by which we can deliver on this." comments Ryan Roberts Ryan Roberts (born September 19, 1980 in Fort Worth, Texas) is a professional baseball player. As second baseman and third baseman, Roberts is currently on the Toronto Blue Jays. A right-handed batter who throws with his right arm, Roberts is 5'10" tall and weighs 190 pounds. , vice president of Avantis. Invensys is currently running a promotion on the delivery of a MAP Audit, for more information visit www.avantis.net/results or email info@avantis.net. Invensys operates in more than 60 countries, with its headquarters in London. For more information, visit www.invensys.com. |
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