Understanding the “Impact” Cost of Reliability and Maintenance – A Terry Wireman Blog

When considering the impact costs, consider this scenario: A production plant in a sold out condition. Everything that can possibly be manufactured is being sold to customer. If a production line or critical piece of equipment fails (unreliability) during the production run, the production is halted until the equipment is repaired and returned to service (reactive maintenance).

Understanding the “Impact” Cost of Reliability and Maintenance – A Terry Wireman Blog 2017-07-21T20:02:17+00:00

Return on Investment – People or Technology?

When we are making an investment in any type of improvement program, there is usually a return on investment calculation that is provided to executive management to secure the funding for the project. The investment is usually straightforward to calculate – but what about the return?

Return on Investment – People or Technology? 2017-06-13T18:03:47+00:00

Somewhere in Time – a Terry Wireman blog

“The past is the future; the future is the past: it all gives me a headache.”—This quote is taken from a Star Trek Voyager episode. Consider how Captain Janeway could apply this to reliability/ maintenance managers today. Consider this: How many “new” processes and procedures actually have been created in the area of maintenance and reliability in the last few years? Are the latest “buzzwords” simply new names for processes and procedures that have existed for decades? ..

Somewhere in Time – a Terry Wireman blog 2017-01-25T13:29:19+00:00

What is the Plan? – A Terry Wireman Blog Series

There has been a lot of buzz on the internet (particularly in the LinkedIn groups) about the number of maintenance / reliability initiatives available to companies today. There are multitudinous questions arising, such as how to know which initiatives to implement, support, or even ignore. When considering the potential maintenance/ reliability initiatives we really need to stop and ask “Which ones are going to make an impact on the profitability of the company?

What is the Plan? – A Terry Wireman Blog Series 2017-01-25T13:29:35+00:00

Understanding the “Impact” Cost of Reliability and Maintenance

In previous blogs, I have discussed the cost of inefficient maintenance practices and the impact they have on a company’s expenses. In this blog, the focus will change from maintenance costs to what I refer to as “The Impact Cost of Reliability and Maintenance”.

Understanding the “Impact” Cost of Reliability and Maintenance 2017-01-25T13:29:36+00:00

Maintenance is not Asset Management – Or is it? (Part III)

Maintenance is not Asset Management – Or is it? (Part III) The last blog (Part II) finished with the need to understand the relationship between maintenance and asset management.  To achieve a clear understanding, it [...]

Maintenance is not Asset Management – Or is it? (Part III) 2017-01-25T13:29:38+00:00

Maintenance ≠ Asset Management – Or is It? – Terry Wireman

Maintenance ≠ Asset Management – Or is It? - Terry Wireman Since the development of PAS-55 and even more since ISO-5500x, various departmental managers within organizations have competed for the title of “Asset Manager”.  The [...]

Maintenance ≠ Asset Management – Or is It? – Terry Wireman 2017-01-25T13:29:39+00:00

Where the Jobs are – The “New” Blue Collar – Terry Wireman Blog Series

Where the Jobs are – The “New” Blue Collar - Terry Wireman Blog Series In the USAToday (9/30/2015) there was an article with the above title that focused on the millions of new, high-paying jobs [...]

Where the Jobs are – The “New” Blue Collar – Terry Wireman Blog Series 2017-01-25T13:29:39+00:00
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