Asset Management

R.G. Henderson’s Asset Management Program is a structured and systematic approach to managing your cooking, refrigeration and warewashing equipment on an ongoing basis. Our program can address all phases of your equipments life cycle, from pre-acquisition through retirement.

By ensuring your equipment has been correctly installed, evaluating if it being used and cleaned properly and by implementing timely preventative maintenance services, we can assist you in getting the most value out of your assets.

Effective Asset Management means knowing:
  • What you own
  • Where it is located
  • When and where you bought it
  • How it is being used
  • If it is correctly installed (ie. drains, filters, service access)
  • What to do to correctly maintain it
  • How much it will cost to replace it
  • Understanding the ongoing monthly and / or yearly costs of maintaining it
  • When you should replace it versus repair it

The primary objective of asset management is to reduce the total cost of ownership and maximize the significant investment in your equipment.

Our Asset Management Team will develop and provide implementation strategies that address growth, risk management and sustainability. The objective is to optimize the life cycle value and performance of your equipment while continuously improving service delivery and customer satisfaction.

Steps to implement the Asset Management Program:
  • Inventory Equipment (Make, Type, Model, Serial Number, Location)
  • Determine Age
  • Evaluate installations and serviceability
  • Determine Condition
  • Determine Approximate Purchase Price
  • Determine Present Value
  • Determine Replacement Cost
  • Create a Tag System
  • Review how the equipment is being used
  • Prepare an initial status report

Business Drivers: (Click on titles below to see details)

The Capital invested in an organization’s assets requires that maximum benefit be obtained from them throughout their life cycle. An asset out of use is a direct cost to the bottom line. Thus assets must be managed in order to minimize down time and ‘sweat’ the assets for maximum usage.

Inventory Management

Inventory Management attempts to determine when a piece of equipment has predictable wear characteristics, or is subject to degradation of performance with time, the life of the asset can be prolonged by anticipating probable failure and conducting maintenance tasks to avoid the failure. It is also important to record occurrences of random failure to assist in identification of recurring problems. By providing the right service and parts, at the right time, in the right quantity, at the right location will increase machine uptime, maximize peak performance and optimize a return on investment.

Equipment Life Cycle

Equipment Life Cycle evaluations recognize if equipment has a known life expectancy, this is then identified. Life usage can then be recorded against the unit as it is operated, which in turn makes a decision to replace a piece of equipment easier and more obvious. This information can be factored into yearly budget and service maintenance plan(s).

Costs Savings

Costs Savings can be introduced by increasing a piece of equipment’s reliability. By reducing an organization’s cost, the likelihood of having the required solutions implemented in less time is increased. This will in turn improve asset reliability, increase equipment safety, improve operating performance, resulting in greater cost effectiveness and lengthen the useful life of equipment.

Production Consistency

Production Consistency is very important. There is no room for error with the end product, especially in the Food Chain Industry. This is driven by both internal concern for quality and by the external pressure exerted by concerned consumers.

Environment, Health and Safety Issues

Environment, Health and Safety Issues have always been a concern in the food and beverage industry. Companies are now expanding awareness, action and responsibility beyond legal compliance. Companies are committed to meeting customer needs in an environmentally sound and sustainable manner.

Product Innovation and Differentiation

Product Innovation and Differentiation from your competitors is a good way to improve market position and create future sales opportunities and expansion. A strong asset management program will allow one to understand how new pieces of equipment fit into your environment by tracking operating costs and potential failures.

To learn more about our Asset Management Program, please call us at (416) 422-5580 and ask for Richard DeSousa at extension 2231 or Trevor Seppanen at extension 2321.