FrenchAre you Losing Money?
Early Equipment Asset Management is really about life cycle costing. That means ensuring that the equipment operator spends the least amount of money to buy, operate and maintain the item equipment over, let’s say, a ten-year period. In other words, decisions about purchases are not based purely on the purchase price but on how easy it will be to operate and maintain and how well the equipment will perform once it has been installed.
Read moreHow Root Cause Analysis can help predict the future?
I am often asked “Is the right strategy to start applying root cause analysis at the beginning of an improvement journey and get some quick wins or wait until a thorough reliability strategy is in place to reduce the need for root cause analysis”… In other words, is it better to let the equipment fail and learn from that or put more effort into preventing the failures in the first place?
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