The Importance of Improving Asset Life

How to Understand the Importance of Improving Asset Life

The machines and pipelines our team sees every day are some of the most expensive pieces of industrial equipment in the country. They not only make a business work; they represent a huge
amount of upfront capital investment to purchase those item.

Because of that investment, it’s Eagle Eye Services’ goal to preserve all of our clients’ equipment and extend each asset’s life. It’s a complex, long-term process. In the following post, we unpack the five most important things we do to improve asset life. Read on to learn more.

1. Performing Inspections
   Inspecting industrial assets is critical for meeting legal safety requirements. It also provides great information about the rate of deterioration and how long the equipment will remain viable. Without appropriate inspections, an industrial business doesn’t have a foundation for understanding what type of repairs need to be done.
2. Managing Corrosion
   Corrosion is the enemy! So much of our business involves helping clients recover equipment from corrosion damage–after they’ve lost operational hours. Being proactive about corrosion management is key to improving and retaining the asset life at any industrial business. We encourage you to read our post, Corrosion Complying Reduces Industrial Hazards, to discover more about corrosion management best practices.
3. Developing Asset Life Plans
   What is your business’ plan for its assets? Are you planning to sell your machinery used at some point? Are you going to keep restoring it and then replace it with new machinery? Having a well-developed asset life plan will help you have answers to those questions and prevent hurried and subsequently expensive decision-making about replacements and repairs. Without an asset life plan, those more costly decisions are guaranteed.
4. Picking the Right Industrial Painting Company
   You wouldn’t hire an inexperienced or incompetent safety inspector at a nuclear power or chemical manufacturing plant. The results could be potentially catastrophic. In the same vein,
   you wouldn’t hire an unaccredited industrial painting service with a questionable resume of previous projects. Make sure the company you hire is appropriately insured and has enough financial backing to hire subcontractors if needed. Double-check to see if they have any OSHA or EPA violations from previous projects. Review their completed projects and the timeline it took from start to finish. Your time is money.
5. Recognizing Your Investments
   Both our clients and our team recognize how serious it is to invest in preserving current machinery and needing to purchase new machinery. That recognition is the bedrock for improving asset life at any industrial business.

Eagle Eye Services Can Help to Improve Your Business’ Asset Life. Contact Us Today for a Free Estimate.

You’ve invested anywhere from thousands to millions of dollars in your industrial business equipment. It behooves you to not only protect it but to extend its operational lifetime. The
industrial painters at Eagle Eye Services can help you do that. Our team provides coating, sandblasting, and pressure washing services to industrial businesses throughout the Northeast. To
learn more, reach out to us for a free estimate.