Now customize the name of a clipboard to store your clips. Having a good Maintenance Strategy in place, can reduce downtime by more than 30%! Thomas L. Tanel, C.P.M., CTL, CCA See our User Agreement and Privacy Policy. • The idea will involve effort on their part. According to Vanson Bourne research, Average downtime costs 240.000 US dollars per hour according to decision makers in Field service and Service management. 1. If your business facility is burdened with high maintenance and repair costs, implement these simple strategies: Simplify procedures: Review maintenance and operational procedures for redundancies or unnecessary tasks that can be replaced with newer practices or more efficient equipment. Virtualization is one of the methods that can help you achieve significant cost savings. A great purchasing, acquisition, procurement, contracting, or supply management professional will reduce total costs across the board, increase service levels to the internal customer, make a significant contribution to the bottom line, seek value-added opportunities, and help to delight the organization’s customer. Considered as possible knee jerk or panic reactions. We must examine the total cost of ownership to your organization, which means moving beyond the organizational environs to include suppliers, internal customers, other allied business functional entities, and external customers. Reducing Maintenance Costs is all about managing your maintenance strategy and planning more efficiently. The problem of under-maintaining assets is often addressed through loss … Many procedures will have grown over time. Costs are organized by resources, activities, and cost objects. Cost Reduction of a product through Value Analysis & Value Engineering, Cost Reduction: Inventively Reducing the Cost of the Bill of Materials, COST CONTROL & COST REDUCTION (Management Accounting). workshop labour from 34 to 23 and sawmill R&M from 43 to 25 Looks like you’ve clipped this slide to already. Below you will find 8 suggestions on how to improve your maintenance strategy and reduce overall costs! We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. For many organizations, senior C-Level executives set forth annual purchasing, acquisition, procurement, contracting, and supply management goals that mandate cost reductions. cost reduction. NAPM-Wichita Six Sigma provides a structured approach to solving problems through the implementation of five phases; Define, Measure, Analyse, Improve and Control (DMAIC).  Use of quality spares at the right price –eliminate the middleman Types of Maintenance Costs PROD MEST-3 Types of Maintenance Costs Deeeop eto et esovelopment of next Version CoCo ect o o ast e s orrection of last Version Appreciable because fI tA l i Hardly predictable CtiMit Maintenance Management of Impact Analysis Adaptive Maintenance Enhancive Maint. Ground engaging tools (G.E.T) 2 To improve your overall profitability and your ability to compete, we provide 13 strategies to optimize G.E.T. No public clipboards found for this slide, Maintenance Costs Reduction Strategy Presentation, Assistant Manager at Reliance Power (Sasan-UMPP). Facilities maintenance, for example, often falls victim to short-term cost reductions. Assess your IT cost reduction options with these rules in mind. To make the goal of cost reduction a reality, we cannot focus solely on the price. Featured Solutions to Reduce Maintenance Costs. © 2009 CATTAN Services Group, Inc. Maintenance Strategies on an Industrial Scale Depending on assets, costs and technical sophistication, a broad spectrum of maintenance strategies can be applied.  How Better spares or newer procedures may now be available. We Will Not Bow (Selected Scriptures) - Duration: 56:23. Downtime is incredibly costly for any company which has assets. Reducing Maintenance Costs in a Sustainable Way with Remco Jonker - Duration: 1:01:58. eMaint 953 views. Maintenance has during a long period of time mostly been associated with costs and stoppages and has, of this reason, acquired a connotation of being something necessary evil. Looks like you’ve clipped this slide to already. Figure 1 illustrates four maintenance strategies by level of sophistication. Planning for Cost Reduction ... – A free PowerPoint PPT presentation (displayed as a Flash slide show) on - id: 15ffc2-MDNlY Availability & Capacity Assessment. This type of professional also balances supply related costs and cycle time for the lowest overall cost, at the best value, while seeking risk optimization rather than risk minimization strategies. The rise of the Now customize the name of a clipboard to store your clips. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. See our Privacy Policy and User Agreement for details. If you continue browsing the site, you agree to the use of cookies on this website. Regrettably, that potential is still mostly untapped. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. management. Don’t confuse price with cost As the saying goes, “you get what you pay for”. 70% of the companies' lack awareness of which assets require maintenance which leads to unpredictable failures and costly downtime. and Reduction Strategy Nowadays, availability, reliability and safety in the production plants are more emphasized. IT Cost Reduction Strategies: 6 Ways to Reduce Ongoing Costs. It is important to realise that CBM as a maintenance strategy does not reduce the likelihood of a failure occurring through life-renewal, but instead is aimed at intervening before the failure occurs, on the premise that this is more economical and should have less of an impact on availability. This idea was reported in a recent Forbes Insights survey which noted that “Three … There is a tendency of job instructions to grow over time! Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. It seeks to eliminate all unnecessary steps from a company’s the processes. Downtime cost and Reduction analysis: Survey results Master Thesis Work, Innovative Production, IDT KPP231 Mohamad Tabikh Commissioned by: Mälardalen University Supervisor: Dr. Antti Salonen Examiner: Dr. Antti Salonen . This is a highly concentrated presentation that addresses the differences among price, cost, and TCO; what cost reduction strategies to focus on; and an overview of various techniques, as well as when and where to use them. presented by For thousands of business owners, telecommuting has marvelous cost-cutting potential. You can change your ad preferences anytime. This Operations and Maintenance (O&M) Best Practices Guide was developed under the direction of the U.S. Department of Energy’s Federal Energy Management Program (FEMP). Asset Strategy Management. If you continue browsing the site, you agree to the use of cookies on this website. College Station, TX  Accountability – machine ownership scheme (artisan + operator) Here is List of Inventory Reduction Strategies you can Try to Improve Inventory Turns 1. Eliminate, reduce or suspend items that will impact in weeks or months, not in years. Spare Parts Analysis. President and CEO Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Here's a situation that's not uncommon. If you spend any time reading about industry trends, you’ll know that predictive maintenance is getting more popular every day. REDUCING THE COST OF PREVENTIVE MAINTENANCE Deryk Anderson Business Analyst - Maintenance Oniqua Enterprise Analytics T: +61 7 3859 9523 SUMMARY: Lean Manufacturing and Lean Maintenance target the identification and elimination of waste through continuous improvement. Inspire Telecommuting. Clipping is a handy way to collect important slides you want to go back to later. Reliability Centered Maintenance Cost Reduction and Planned Maintenance Optimization As much as 43% of unplanned downtime is caused by equipment failure.  Aim -23% reduction in overall R&M and Power Costs in • They did not think of the idea fi rst, and perhaps that is a source of embarrassment. A typical purchasing, acquisition, procurement, contracting, or supply management professional will help reduce supplier prices and avoid incremental costs. These cost reduction strategies serve better during one-off projects and non-core activities. cost-reduction–related changes for any of several reasons: Organizing a Cost-Reduction Program 5 • The idea was not theirs.
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