The concept of strategic condition monitoring is quite simple. The types of mechanical faults which can occur on a given machine are well known to your maintenance personnel. What they need is, first: a straightforward message that a fault is developing, and second: an indication of its severity.
There is no single method which can measure everything at a reasonable price. However, if you define the target (the expected machine fault, which you must do in any case), you can easily pick the monitoring method which will provide the fastest, cheapest, and most reliable result.
SPM is an abbreviation for the Shock Pulse Method, which is a patented technique for using signals from rotating rolling bearings as the basis for efficient condition monitoring of machines.
The vibration severity measurement is a very efficient monitoring method for detecting such common machine faults as imbalance, structural weakness, loose parts etc.
Shaft alignment is the process to align two or more shafts with each other to within a tolerated margin. It is an absolute requirement for machinery before the machinery is put in service.
Balancing can be performed with handheld instruments as Leonova or T30. Described here is the balancing functions of Leonova™Infinity.