Software/Service facilitates equipment management.June 7, 2006 -
Combining technical expertise, training, and consultative services with Flowstar(TM) asset management and analysis software, LifeCycle Advantage(TM) helps companies in process industries optimize equipment performance, streamline inventory management, and cut costs through standardization and procurement efficiency. Survey of client's equipment and documentation of maintenance enables personnel to identify under-performing equipment, determine root causes of failures, and propose corrective action.
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Original Press release
Flowserve Corporation
222 W. Las Colinas Blvd.
Irving, TX, 75039
USA
Flowserve Lifecycle Advantage Highlighted At Achema 2006
Proprietary equipment management program maximizes equipment reliability, improves operating performance, and lowers total cost of ownership
Dallas, Texas, USA - May 15, 2006 - Flowserve Corp. (NYSE: FLS), a global provider of fluid motion and control products and services, introduces Flowserve LifeCycle Advantage(TM), a unique and collaborative proprietary equipment management program. LifeCycle Advantage is specifically designed to help companies in the process industries improve equipment performance, streamline inventory management, and reduce costs through standardization and procurement efficiency.
Combining Flowserve technical expertise, training, and consultative services with the power of Flowstar(TM) asset management and analysis software, LifeCycle Advantage maximizes equipment reliability, lowers total cost of ownership (TCO), improves operating performance, and provides positive impact to the bottom line. The industry leader in equipment management programs for the process industries, Flowserve has more than 250 worldwide agreements in place using the LifeCycle Advantage methodology.
LifeCycle Advantage is tailored to meet each customer's unique operating goals and requirements for rotating equipment, mechanical seals, valves and automation. Over a seven-year period, LifeCycle Advantage saved one large refining company more than $47 million in documented equipment and operating costs.
LifeCycle Advantage brings together a global technical support team of mechanical sealing experts, rotating equipment specialists, reliability engineers, and specialists in valves and automation. Flowserve personnel may be located onsite at a customer facility or available through the company's global network of service experts and Quick Response Centers.
The LifeCycle Advantage process begins with a complete survey of a client's equipment and a full documentation of its maintenance history. This enables Flowserve personnel to identify critical and under-performing equipment, determine the root causes of failures, and propose correction action. Key performance indicators are established to measure program success. Implementation teams meet routinely to review performance indicators and assure program goals are met.
Flowstar technology streamlines this process, integrating information for multiple facilities in one central repository and providing 24/7 access to data used to optimize equipment performance. Flowstar enables easy evaluation of equipment reliability, pinpoints problem areas, and facilitates the application of business and industry best practices derived from root cause and benchmarking data.
Another major focus of a LifeCycle Advantage agreement is lowering the cost and administration work related to equipment through inventory standardization, reduction and modification. After evaluating inventory options, Flowserve develops an inventory management program in conjunction with just-in-time equipment procurement procedures that is designed to reduce transaction and carrying costs, man-hours, and paperwork.
Training enhances the value of a LifeCycle Advantage agreement by promoting best practices that lower total cost of ownership. The Flowserve educational services group provides hands-on technical training in equipment design, operation, and maintenance in the company's state-of-the-art Learning Centers, as well as in customized onsite training programs.
Flowserve representatives will be on-hand to discuss LifeCycle Advantage at ACEHMA 2006. In addition to LifeCycle Advantage, Flowserve will present a comprehensive line of world-class fluid motion and control products and services, including its pump, sealing, valve, valve automation, and steam systems. See Flowserve at Hall 8 Stand H2 - J9 and Hall 8 Stand U17 - V24.
For sales and marketing information, contact Steve Boone, integrated communications manager, Flowserve Flow Solutions, by phone at +1 (972) 443-6644 or by e-mail at sboone@flowserve.com.
For media questions during ACHEMA, please contact Lars Rosene, director of global communications, Flowserve Corp., by cell phone at +1 (972) 672-7817 or by e-mail at lrosene@flowserve.com.
About Flowserve Corp.
Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in 56 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve Corp. can be obtained by visiting the company's website at www.flowserve.com.
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