May 2015

Special Report: Maintenance/Reliability

Reduce maintenance and production losses by benchmarking asset performance

Benchmarking can help operators identify assets with chronic failures, and it can also drive failure elimination efforts to improve their reliability and availability while cost cutting.

Naik, M., Meridium, Inc.

In the production-intensive manufacturing world, the most evident asset failures are those that significantly impact maintenance costs and cause lost production. While it is important to focus efforts on preventing such events from occurring, it is equally important to focus on seemingly low-impact, but high-frequency, failures—i.e., chronic failures. Chronic failures typically consume many worker hours, although they may not cost significant cumulative maintenance dollars. Also, due to their repeated occurrence, they might give a false appearance of being normal or part of required maintenance. In light of these masked losses, benchmarking can help identify assets with chronic failur

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