If you can’t sell all you can produce, then reducing costs is often the only way to improve margins, but that simplistic accounting perspective is not always the case. Cost control is often thought to be key to attaining profitability but it the case of maintenance it can get you into trouble. Cost control can have a big opportunity cost if you don’t take advantage of the opportunities you have. Consider that what you might really want is greater value – more for less, no just less. Read more “Trick question: Do you want value or low costs?”
Maintenance and finance may not seem like natural “allies” in the battles for business achievement. However, they share common concerns and can both do a lot of good – albeit from behind the scenes. Financial managers, directors and CFOs are primarily concerned with company financial performance. They are often the watchdogs for regulatory compliance. They are in an excellent position to see what’s going on, and spotting problem areas, but not always what to do about them. Like all of us, their expertise only goes so far. Read more “The bottom line”
Shutdowns are major undertakings performed when production is at a standstill (zero revenues) and because of the scale of the work being undertaken, costs are at a high point. There is a natural and well-justified desire to minimize the duration and frequency of shutdowns. Read more “Myth Busting 10: Shutdown coming”
Despite its well-documented successes, Reliability Centered Maintenance has always drawn a lot of discussion and controversy. Much of it is because of a lack of understanding and ‘myths’ generated to discredit RCM as a viable business solution. Here I will fill in some of those gaps in understanding and debunk some of the myths.
- RCM is a type of maintenance (wrong)