Audit Service helps analyze asset management practices.

Press Release Summary:



Management of Asset Performance Audit provides structured approach to analyzing all key aspects of maintenance and materials management functions and identifies specific opportunities for improvement. Guided self-assessment begins with pre-audit questionnaire and is followed by 3-day, on-site visit. Final report is prepared and presented for consideration. It is suited for senior managers in manufacturing, process, and service industries.



Original Press Release:



Avantis Introduces Audit Service to Help Identify and Develop Opportunities for Improved Asset Performance



Audit provides structured approach to analyze maintenance and materials management practices

CHICAGO, ILLINOIS, USA (National Manufacturing Week) - February 23, 2004 The Avantis unit of Invensys 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), 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, 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 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.

"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, 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.

About Avantis
For more than 20 years, customers throughout the world have relied on Avantis enterprise asset management (EAM) solutions to improve resource productivity by driving down operating costs, minimizing the risk of unplanned downtime and maximizing financial return on capital assets. For more information visit www.avantis.net.

About Invensys
Invensys is a global leader in production technology. The group helps customers improve productivity, performance and profitability using innovative services and technologies and a deep understanding of their industries and applications.

Invensys works closely with customers to increase performance of production assets, maximize return on investment in production and data management technologies and remove cost and cash from the supply chain. The company includes well-known brands, such as APV, Avantis, Eurotherm, Foxboro, IMServ, SimSci-Esscor, Triconex and Wonderware. These businesses address process and batch industries - including oil and gas, chemicals, power and utilities, food and beverage, and personal health care - and the discrete and hybrid manufacturing sectors.

Invensys operates in more than 60 countries, with its headquarters in London. For more information, visit www.invensys.com.

Invensys, Avantis, PRSIM, APV, Eurotherm, Foxboro, IMServ, SimSci-Esscor, Triconex, and Wonderware are trademarks of Invensys plc, its subsidiaries, or affiliates. All other trademarks are trademarks of their respective owners.

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