R&M Business Case Estimator
$3,500.00
This automated tool combines a quick assessment of maintenance efficiency and reliability effectiveness, with operational and financial performance measures to produce an estimate of potential improvement values. It produces an estimate of maintenance cost savings as well as production increases along with various financial indicators of profitability and efficient use of working capital. If you can’t sell additional products when you achieve performance increases, then there is no production gain, but that additional capacity can be turned into more “downtime” and lower costs. The estimator is best used for manufacturing, process production and resource extraction environments where additional uptime can be used for production that translates into additional revenues. Consult with us if you would like to estimate benefits where additional revenues are not the goal, and only cost reductions are needed.
Description
This automated tool combines a quick assessment of maintenance efficiency and reliability effectiveness, with operational and financial performance measures to produce an estimate of potential improvement values. It produces an estimate of maintenance cost savings as well as production increases along with various financial indicators of profitability and efficient use of working capital. It is intended for those who are comfortable interpreting their results on their own. Our “Business Case Consultation” includes your use of this tool and up to half a day of consultation time on its interpretation and discussion of opportunities to improve.
The tool begins with an evaluation of efficiency and effectiveness in maintenance and reliability – the same maturity assessment carried out using our free online Reliability and Maintenance Maturity Assessment tool. By adding operational a minimal set of operational and financial data we carry out calculations to produce forecasts of maintenance cost savings, production increases, margin and profitability improvements, and efficiency of your use of working capital.
If you can’t sell any additional product when you achieve performance increases, then there is no need for a production gain, but that additional capacity can be turned into more “downtime” and lower costs (e.g.: elimination of one or more shifts, or use of less capital). The estimator is best used for production environments where additional production translates into additional revenues. It can be adapted to other uses. Consult with us if you would like to estimate benefits where additional revenues are not the goal, and only cost reductions are needed.
It produces estimates that may be surprising, but they are indeed achievable. Getting there will require work. For now, using this tool, you can gauge the size of the prize and determine whether or not you feel it will be worth the effort to achieve the improvements.
If purchased with our “Self Assessment and Improvement Strategy” tool, we will include an evaluation of your business case result with our evaluation of that assessment and strategy.
For use of the tool with up to half a day of consultation on your results please see our “Business Case Consultation“.
