Optimized Maintenance Strategies | Services

By: Reliability Works  09-12-2011
Keywords: Spare Parts

OPTIMIZATION

- Optimized Maintenance Strategies

‘Reliability Works’ provides an improved way of thinking about maintenance. Traditional maintenance is re-active rather than pro-active, ad-hoc and essentially costly. Reliability Works focuses on a pro-active and structured program, meaning less downtime, higher productivity and improvement of bottom line. It changes the organization’s focus from “Fixing a problem” to “Managing an asset”.

The traditional maintenance approach cannot meet the needs of today’s dynamic business environment. Traditional maintenance concepts assume that failures are a fact of life, or that they can be prevented through regular preventive maintenance regimes. The traditional maintenance approach can also introduce failures of their own (MIF: Maintenance Induced Failure) due to training or procedure problems. In these scenarios, it is not uncommon to find that fixing breakdowns consumes a disproportionate quantity of budgetary resources and little is left over for effective preventive maintenance activities, or continuous improvements.

Reliability Works’ tools and processes provide a model for continuous improvement. We are able to conduct Forensic/Major Failure investigation and based on our extensive knowledge of a large variety of equipment and systems we also create failure scenarios before they occur to assist in providing comprehensive strategies. This gives asset managers the ability to implement change while balancing performance against risk, cost and capital investment in an increasingly dynamic and unpredictable environment. The resulting strategies are aligned with a company’s business objectives, are pro-active not re-active, are based on quantitative decisions that can be measured, planned and implemented efficiently.

Implementing a Reliability strategy into your business will give you greater control and dependability in your business processes, provide maximum utilization of your resources capacity, lower your overall operating expenses and give you the opportunity to respond rapidly to changing environments.

- Optimizing spare parts

Most organizations do not have effective spare parts strategies in place.

Optimizing spare parts is achieved by analyzing the cost of having a replacement part on hand (usually 30-35% per year) vs. the cost of not having the part, at the time of failure. Costs are measured in down time and lost opportunity. This information is determined by analyzing business objectives, identifying the significant component failures and predicting failure behaviour. This provides us with and understanding of all timeframes and costs associated with an asset’s parts.

Combined with a maintenance strategy, optimizing spare parts can significantly lower operating expenses by having the right spare parts on hand, at the most optimal time, and controlling any necessary downtime.

Reliability Works provides an improved way of thinking about maintenance.

Traditional maintenance is re-active rather than pro-active, ad-hoc and essentially costly. Reliability Works focuses on a pro-active and structured program, meaning less downtime, higher productivity and improvement of bottom line. It changes the organization’s focus from “Fixing a problem” to “Managing an asset”.

The traditional maintenance approach cannot meet the needs of today’s dynamic business environment. Traditional maintenance concepts assume that failures are a fact of life, or that they can be prevented through regular preventive maintenance regimes. The traditional maintenance approach can also introduce failures of their own (MIF: Maintenance Induced Failure) due to training or procedure problems. In these scenarios, it is not uncommon to find that fixing breakdowns consumes a disproportionate quantity of budgetary resources and little is left over for effective preventive maintenance activities, or continuous improvements.

Reliability Works’ tools and processes provide a model for continuous improvement. We are able to conduct Forensic/Major Failure investigation and based on our extensive knowledge of a large variety of equipment and systems we also create failure scenarios before they occur to assist in providing comprehensive strategies. This gives asset managers the ability to implement change while balancing performance against risk, cost and capital investment in an increasingly dynamic and unpredictable environment. The resulting strategies are aligned with a company’s business objectives, are pro-active not re-active, are based on quantitative decisions that can be measured, planned and implemented efficiently.

Implementing a Reliability strategy into your business will give you greater control and dependability in your business processes, provide maximum utilization of your resources capacity, lower your overall operating expenses and give you the opportunity to respond rapidly to changing environments.

Optimizing spare parts

Most organizations do not have effective spare parts strategies in place.

Optimizing spare parts is achieved by analyzing the cost of having a replacement part on hand (usually 30-35% per year) vs. the cost of not having the part, at the time of failure.

Costs are measured in down time and lost opportunity.

This information is determined by analyzing business objectives, identifying the significant component failures and predicting failure behaviour. This provides us with an understanding of all timeframes and costs associated with an asset’s parts.

Combined with a maintenance strategy, optimizing spare parts can significantly lower operating expenses by having the right spare parts on hand, at the most optimal time, and controlling any necessary downtime.

Keywords: Spare Parts

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