Right-Sized Maintenance: How to Adopt World-Class Practices
This webinar will demonstrate the application of an Economic Performance Indicator (E1) to determine if your existing maintenance strategy is cost effective and competitive. Participants will learn how to measure the E1 Performance Metric. Calculating Maintenance Cost as a percentage of plant replacement asset value (RAV) is a first step for improving the cost of plant performance. Maintenance organizations may be perceived as either a burden or a competitive advantage. The objective of this discussion is to convey the importance of having a robust reliability strategy at a competitive cost of implementation and sustainment.
What We Will Cover
- The value of the E1 Performance Metric for optimizing maintenance strategy
- Utilizing E1 within the annual budget process
- Application for an Asset Lifecycle Management Roadmap
Mike Greenholtz is Vice President of Reliability Solutions for GenesisSolutions, an ABS Group Company. He utilizes his 30+ years of industry experience to help our customers identify and implement measures that enhance asset reliability, increase production capacity and extend asset lifecycles while reducing cycle time and maintenance costs. Greenholtz provides leadership for creating operational and financial advantages for GenesisSolutions customers in several vertical markets.
Quinton GoForth is Director of Continuous Improvement for GenesisSolutions. He specializes in EAM System and Reliability Improvement projects. Since joining GenesisSolutions in 2010, he has assisted over 100 companies in identifying areas of opportunity and developing Reliability Based Maintenance master plans for improvement in their maintenance and asset management operations.
For over a decade, Genesis Technology Solutions, Inc. (GenesisSolutions), the Asset Performance Optimization subsidiary of ABS Group, has been a market leader in asset reliability, asset maintenance