The NRX Blog

10 Aug 2018

3 Benefits of Smart Factories

Manufacturing units are becoming more and more automated, generating a huge amount of data. In this ever-growing industrial market, data plays a big role in creating incredible value for businesses. It gives companies the insight to eliminate expensive breakdowns in production processes for greater productivity in all areas. The increase in the Internet of Things (IoT) has propelled the...

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02 Aug 2018

ISO 5500X Series Breakdown

Last week our blog focused on the overview of ISO 5500X series. This week we’ll go more in-depth on the 3 standards that make up the series. To give a quick recap of what ISO 5500X is, it guides companies on how to merge asset management, corporate financial and operational objectives together. It drives improved production through asset failure...

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26 Jul 2018

The ISO 5500X Series

How do you maximize asset life and improve service quality while balancing costs, risks, and compliance? ISO 5500X compliance series holds the answer. It provides a roadmap for taking control of your asset management operation and creating value on a sustainable basis. The ISO 5500X series provides terminology, requirements, and guidance for implementing, maintaining and improving an effective asset...

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24 Jul 2018

Investing in your data for the long road

Companies in asset-intensive industries, such as utilities, oil and gas, airlines, industrials, and automotive, can spend hundreds of millions of dollars annually to ensure that their major assets are functioning and providing the level of service needed to execute their operations safely, effectively, and efficiently. The effort involves monitoring a multitude of processes and variables across the entire asset...

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17 Jul 2018

Is Data Standardization the Holy Grail You’re Looking For?

Picture this, you have several facilities across the country and possibly even across the globe. Each facility has its own unique data reporting standards and asset hierarchy structures. None of these facilities report data correctly, and the data is riddled with errors. Sound familiar? That’s because almost every asset-intensive organization struggles to manage data accuracy and data standardization across...

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13 Jul 2018

The Importance of Industry Standards

Standardized work is one of the most powerful but least-used tools in many industries. Knowing the importance of certain processes and taking steps to identify the best practices are vital in a successful business. Communication with all your workers, that this has become an influential part of your culture is just as important as the implementation of the industry...

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10 Jul 2018

Improve Productivity and Safety with Checklists

Highly skilled, busy people forget basic, key tasks and don’t even realize it. Just think of the productivity improvement potential that any business could have. Even the best trained, most capable people cannot possibly remember everything. One simple solution is checklists. It easily eliminates any of the basic, routine, essential items that we all forget from time to time....

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03 Jul 2018

Essential Steps to Prepare for IIoT

As organizations recognize the significance of asset maintenance and its impact, companies are increasingly incorporating it in their strategic initiatives. Better and effective maintenance strategies help improve operational efficiency, prevent equipment downtime, and extend the life of the asset. Companies looking to implement the Industrial Internet of Things (IIoT) into their asset maintenance system need to take essential steps...

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26 Jun 2018

A Stitch in Time Saves Nine (Million Dollars)

They say that the two happiest days of a man’s life are the day he buys his first boat, and the day he sells it. The intention is to spend days and weekends on the water, fishing, and taking in the sun, but in reality, boating is a very expensive hobby. There is the upfront cost, berthing fees, insurance,...

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21 Jun 2018

Improving spare parts management

Practical spare parts management is the foundation for a reliable plant operation and is a crucial step to the success of your business. You need to know how to determine which spare parts are needed in order to make up an effective and in-depth inventory system. Rather than using your senses to determine what’s needed, it’s best to establish...

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