Definition of Asset & Integrity System

A company's asset management process involves planning, purchasing, operating, maintaining, modernizing and disposing of assets in the most efficient manner, taking into account costs, risks and other operational characteristics.

Asset integrity management definition

Asset and integrity management:

• Is critical to ensuring the efficient, safe, effective, and reliable operation of assets and the overall success of the company;
• includes maintenance, inventory management, process safety, operations, inspection and more;
• needs to be implemented throughout the life cycle of the asset;
• reduces unplanned downtime, reduces costs, improves business efficiency;
• helps extend the life of the asset, increasing productivity and profitability.

Asset integrity manager manages the company's projects, monitors the production and circulation of goods, controls the allocation of resources and the quality of service delivery, using various tools, competencies and resources.

Asset integrity management system is a systematic way to track, monitor and manage assets throughout their lifecycle to improve performance, prevent equipment failures, and comply with environmental safety requirements.