Equipment reliability is a cornerstone of production stability and a primary driver of maintenance costs. "Reliability excellence" is the sustainable ability to manufacture products safely while meeting specifications and optimizing performance. Companies that successfully pursue reliability excellence can achieve remarkable improvements in their manufacturing performance. In maintenance alone, top performers’ costs are 10% to 15% lower than those of average performers – and 25% to 30% less than those of fourth-quartile performers. But, that’s just the tip of the value-creation iceberg. Even more importantly, highly reliable companies make better employers, better business partners and better community citizens.
Furthermore, as these companies reach world-class reliability, their freedom in operating their facilities soars. This flexibility allows them to seize marketplace opportunities, increase revenues and further enhance their reputations. For example, a well-regarded and profitable European-based materials company uncovered hidden capacity across its network of facilities that equaled the production capacity of an entire plant. A global petrochemical producer optimized profitability by shipping its product to customers from its most cost-effective site.Not only that, its network’s reliability allowed this company to benefit from its competitor’s inflexibility. By providing products to the competitor’s customers when they needed them, the company enhanced its industry reputation as a preferred supplier.
Why we hear so few success stories
Some organizations never get beyond "fix it when it breaks"for their maintenance strategy. As a result, they become excellent firefighters–but they never develop the ability to eliminate defects based on root causes. One case in point: while a major North American pulp & paper manufacturer is adept at minimizing the length of unplanned downtime, it has never tried to reduce the frequent outages that drive that downtime. As a result, its maintenance costs remain substantially higher than best-in-class.
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