May 2005

Special Report: Maintenance/Reliability

Achieving industry-best asset optimization

Three essential objectives gain the performance level needed to obtain and sustain business success

Mitchell, J. S., Meridium, Inc.

Reliability-focused observers, including the author, are continually encouraged by discussions with individuals from top-performing companies. It is apparent that a strong commitment to optimizing asset utilization and effectiveness is a key reason they have achieved best-of-class performance. Not surprisingly, the concepts and methodology employed to meet the objective are virtually identical across a broad range of industries and companies. Industry best share many important cultural imperatives, organizational and management strategies, and physical work processes and practices developed on their journey to elevate asset performance. Of equal interest, none are satisfied with current resu

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