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).
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?
“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? ..
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?
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”.
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 II) As my last blog finished, we were going to consider areas of asset management that are outside the control of the maintenance organization. There [...]
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 [...]
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 [...]
Is the “Best” really “Better”? In his book “The Real Truth about Success”, author Garrison Wynn discusses the “Lies We Believe” on pages 3 – 10. One of the Lies he discusses is: “To Have [...]