How to reduce maintenance cost the right way comes up a lot for our clients. Unfortunately, many organizations often have the goal of reducing maintenance cost. While the maintenance cost is an important long-term outcome of maintenance management, it should not be the main goal. If the reduction of maintenance cost is the main goal […]
How to Reduce Maintenance Cost The Right Way Read More »
If you are a maintenance manager often times you may have heard “We’ll be cutting your maintenance costs (budget)” but you know if you just cut your costs your reliability and performance will suffer.
What’s more important? Cutting maintenance costs or improving your results? Read More »
Most maintenance managers feel the pressure of lowering maintenance costs and at the same time improving reliability. As you know, annual maintenance costs have a strong correlation to how well basic work processes such as planning, scheduling, and preventive maintenance are executed in our mills, mines and factories. But, another factor that heavily influences maintenance
Your Maintenance Debt Dictates Your Maintenance Cost Read More »
Reliability is a term that has become more commonly used in the industry. Many organizations are using this word to describe their predictive maintenance department. To me, reliability has always encompassed the measurement of manufacturing efficiency and includes operations, maintenance, engineering and spare parts/stores as the major players. Together these departments shall deliver manufacturing, or
Reliability or Cost? Prevent Disasters Through a Partnership System Read More »
The Covid-19 pandemic is still creating casualties around the globe and many companies’ finances are shaken to their core. If you manage maintenance, you are probably feeling constantly under pressure to lower costs. Sometimes you may even be ordered to lower maintenance costs with X % and that within a certain time frame. This is
Your Maintenance Cost is Too High! Read More »
Your Maintenance Cost is too High! The Coronavirus is spreading around the world as I’m writing this article, and many companies’ finances are shaken to their core. If you are in charge of maintenance, you are probably constantly under pressure to lower costs. Sometimes you may even be ordered to lower maintenance costs by x%
Reducing Maintenance Costs the Right Way Read More »
Most Preventive Maintenance programs (PM) were set up many years ago. Each department in a plant set up their own program in isolation from each other. As an example, a plant set up a PM program covering mechanical equipment, then another program was set up for electrical equipment and another to cover automation and control
A Cost Effective Preventive Maintenance Program Read More »
Yesterday you were a happy camper. Today you are told your Maintenance Cost (MC) as a percent of your Estimated Replacement Value (ERV) is 4.9%. According to Consulting, Inc. and your corporate management 4.9% is way too high. Good performers are under 3%, some operations are even under 2%. So, the question is what are
Maintenance Cost and Estimated Replacement Value Read More »
Maintenance cost savings are usually realized with a short-sighted approach instead of long-term. In my earlier column I wrote about the Fox versus the Hedgehog approach. That column was also published in an electronic newsletter and included in the weekly poll. The poll results show that only 16.7% of all respondents thought their company was
Visible and Invisible Maintenance Cost Savings Read More »
In the May column, I discussed results that a mill had experienced in the ten years following implementation of initiatives with a primary focus on cutting costs as quickly and extensively as possible. In summary, it proved to be a financial disaster. In this article, I will discuss what happened in another pulp mill during
Reliability Improvements Equal Cost Reduction Read More »
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