Typical maintenance costs of world class maintenance organizations average 2% or less of plant replacement cost * (Reliability Magazine Article)
Every $100,000 saved in a maintenance department is equivalent to a $2,000,000 increase in sales, assuming net 5% margins.
The Criticality Assessment provides improved understanding of facility components critical to continued safe operation.
Failure Modes & Effects Analysis (FMEA) and Root Cause Failure Analysis (RCFA) development identifies likely failures and consequences of those failures.
Predictive Maintenance versus scheduled Preventive Maintenance
Understanding PdM Implementation Costs – Most equipment need not be taken offline to use PdM. The increase in production more than offsets any costs to implement.
Predictive Maintenance (PdM) Technologies have come down in price.
Preventive Maintenance on a predetermined time frame can result in unnecessary maintenance, excessive downtime, increased accidents and excessive parts inventories.
Predictive Maintenance/Condition Based Maintenance is more cost effective.
Labor productivity losses such as …
Waiting for instructions
Looking for supervisors
Checking out the job
Multiple trips to the store
No special tools
Waiting for approval
Too many technicians per job