The manufacturing industry is under immense pressure. Globalisation and increased competition, coupled with a more demanding consumer base, force manufacturers to seek new ways to boost the bottom line.
To improve ROI and respond to customer demands for faster supply at a lower cost, many companies are required to run their manufacturing plants 24 hours a day, 7 days a week. They are squeezing every last drop of availability and capacity from their assets.
Given this growing pressure on manufacturing assets, it is crucial for companies to reassess their long term asset management strategies to ensure that they can meet demand both in the short and long term.
So where do you start? What is the journey towards best practice and improved asset performance?
This eBook reveals six key steps you can take to improve asset performance in your organization:
Step 1: Identify barriers
Step 2: Create a business case for analysis
Step 3: Manage and track against KPIs
Step 4: Collect key data
Step 5: Form an asset performance project team
Step 6: Identify success factors