Manufacturers require a greater return on their assets to compete in the marketplace. The bar for targets for safety, availability, and cost has been raised over the years to respond to this challenge. Owners have established asset management strategies geared to delivering operational goals needed for business performance. The path to achieve this performance is routed in the application of methods, tools, and practices that are applied throughout an asset’s life.
The commitment to achieve improved reliability requires personnel and monetary resources. However, competition for these resources across all business initiatives requires difficult decisions. Decision-making requires data and tools to understand the best approach to impact the business. In addition, the understanding of cultural change is needed to enable the improvement plan.
This webinar encompasses how to develop a business case for reliability improvement. The webinar covers both benchmark and margin analysis approaches to understanding the value of the opportunity faced by the facility. The process for both methods including assessment, analysis, and reporting are also covered. Sample implementation plans are also discussed.
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