Ramco Asset Management includes comprehensive asset management capabilities at its core to help companies achieve maximum asset availability by reducing unplanned breakdowns, as well as streamlining work practices, enhancing equipment life, minimizing equipment lifecycle costs, and increasing labor productivity.

Asset Management has provisions to set up and manage a maintenance organization including an unlimited hierarchy of geographical, functional, or planning attributes. Tools are tracked in a flexible inventory system that includes serial numbers and hourly rates among others. An asset induction process includes equipment definitions along with cost center details. Failure groups can be established to aid in failure analysis and for the formulation of troubleshooting steps.

Asset Management also has provisions for work management with tasks and procedures along with defined work elements. Work logs facilitate log book reporting of incidents and observations. Work requests feature automatic routing based on rules with completion status tracking. A complete work order system ensures tracking and control of assets and labor costs while a planning and scheduling system prioritizes work orders based on parts availability and resource loads.

Maintenance scheduling can be both preventative and predictive based. Schedules can be defined based on time or usage along with consumption parameters such as operating hours or fuel consumed. Rules can be applied to link maintenance to other equipment, availability, seasonal considerations, as well as inspections and observations. The outage management facility aids the definition of large projects when, for instance, a plant is shut down.

The permit facility ensures safety and clearance permits are managed to prevent damage or injury. A calibration capability specifies parameters for adjustments to equipment. A planning capability for maintenance budgeting is available along with a complete history of maintenance for all equipment.

Asset Management includes real time integration (RTI) capabilities with standard SCADA/DCS/PLCs/Industrial controls.