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. You may also book a consultation with us for help at interpreting your results and to get ideas on where to focus your improvements. 

The tool begins with an evaluation of efficiency and effectiveness in maintenance and reliability. You then provide a minimal set of operational and financial data to enable calculations that produce forecasts of maintenance cost savings, production increases, margin and profitability improvements, and the 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.

The estimator can produce estimates that may be surprising. You might expect your senior-level in-house reliability and maintenance staff to balk at them, but they are probably concerned about their own ability to deliver on these results. Doing so will require some smart and very targeted 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, then we can provide a comprehensive evaluation of your current practices and results with additional depth of insight into areas for improvement. That evaluation requires booking of a consultation.