by James Reyes-Picknell | Jul 23, 2024 | Executive Insights
Would a 20% reduction in maintenance costs be helpful? If you are operating around $500m per year in sales, your maintenance costs could easily be $15 million or more. Could you use $3 million per year? If you are operating below capacity maybe an additional $30...
by James Reyes-Picknell | Jul 19, 2024 | Executive Insights
Saving money in maintenance is easy in slow markets. Like your competitors you can cut maintenance, eliminate training and get rid of outside help. But those will leave you weakened when business picks back up. An overall savings of maybe 2% of operating costs now,...
by James Reyes-Picknell | Jul 18, 2024 | Education, Executive Insights, Management Insights, Planning and Scheduling, Reliability
The reality: Savings in work execution can easily be 30 to 60% of what you are spending today! That’s less labor, less overtime, less contracting, less consumption of parts and materials, less spend on delivery logistics, and less procurement activity. If your...
by James Reyes-Picknell | Sep 12, 2020 | Business Case & Finance, Executive Insights, Management Insights, Reliability, UPTIME
“An ounce of prevention is worth a pound of cure” This axiom arose when Benjamin Franklin was speaking about health care. It also applies to large industrial organizations that invest from millions to billions in equipment (capital assets). Unfortunately, only a...
