maintenance cost reduction strategies ppt

There is a tendency of job instructions to grow over time! Examples include expenses that are incurred and paid monthly or quarterly on a “pay as you go” basis, rather than annually. Looks like you’ve clipped this slide to already. the machine Better spares or newer procedures may now be available. This process is merely replacing physical hardware with their virtual counterparts. The mission of FEMP is to facilitate the Federal Government’s implementation of sound, cost- We have undertaken extensive operational cost-reduction engagements delivering auditable bottom-line savings for our clients. Clipping is a handy way to collect important slides you want to go back to later. QuickFMS shares 6 maintenance cost reduction strategies you must follow: # 1 Learn How to Care The first and foremost step that you should take is, teach and train your employees, workers and staff on how to operate and handle various machines and technical equipment, being used at your business facility. 1. Maintenance Strategies on an Industrial Scale Depending on assets, costs and technical sophistication, a broad spectrum of maintenance strategies can be applied. Downtime is incredibly costly for any company which has assets. Featured Solutions to Reduce Maintenance Costs.  Key skills retention and training schemes –toolbox scheme. 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. You see two or three tradespeople doing work that requires only one, people hanging around the storeroom or leaving early, work being done that's of questionable value, and no one can … You can change your ad preferences anytime. © 2009 CATTAN Services Group, Inc. Nowadays, availability, reliability and safety in the production plants are more emphasized. Virtualization is one of the methods that can help you achieve significant cost savings. 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. Considered as possible knee jerk or panic reactions. 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). To make the goal of cost reduction a reality, we cannot focus solely on the price. Don’t confuse price with cost As the saying goes, “you get what you pay for”. Regrettably, that potential is still mostly untapped. These cost reduction strategies serve better during one-off projects and non-core activities. 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. CATTAN Services Group, Inc. http://www.logisticsbureau.com Rob O'Byrne introduces his 5 key levers for Supply Chain cost reduction. Now customize the name of a clipboard to store your clips. The key priority in strategic cost reduction is targeting resources where they can earn the best return, rather than just cutting costs in itself. Regardless of the cost savings, avoidances, or containments achieved previously, you are faced with new cost reduction initiatives and objectives. Today, purchasing, acquisition, procurement, contracting, and supply management professionals must be the most progressive cost reduction oriented group in the company. Reliability Centered Maintenance Cost Reduction and Planned Maintenance Optimization As much as 43% of unplanned downtime is caused by equipment failure. By working both internally and externally with these stakeholders, cost reduction opportunities will become visible. If you spend any time reading about industry trends, you’ll know that predictive maintenance is getting more popular every day. 1. In building their business case to implement this cost controls system, the energy contractor conducted a study where they identified that nearly two thirds of their cost analyst's time was spent on “wasteful” activities (Exhibit 3). President and CEO Faced with excruciating competitive pressures, many senior C-Level executives require maximum effort from every part of their organization to survive. 1: Target immediate impact. Looks like you’ve clipped this slide to already. • The idea will involve effort on their part. Maintenance Costs Reduction Strategy Presentation 1. Inspire Telecommuting. See our User Agreement and Privacy Policy. You may no longer need some steps. See our Privacy Policy and User Agreement for details. management. More & more detailed steps will be added to ensure that the job is done just right. Performance measured against long-term target standards. 1. 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. Costs are organized by resources, activities, and cost objects. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Strategies to Reduce Maintenance Costs Don Armstrong, Veleda Services. Maintenance cost reduction strategies 1. Review all maintenance procedures & simplify them. and Reduction Strategy As a maintenance manager or plant manager, you know there's something wrong with maintenance. 13 STRATEGIES TO REDUCE THE OPERATING COST OF YOUR G.E.T. Focus and Techniques  Accountability – machine ownership scheme (artisan + operator) • The idea has implementation and operational risks. These negotiation tactics will maximize your gains either by bringing down the cost or getting more features for the same price. While slashing maintenance budgets might deliver savings in the short term, postponing maintenance will eventually undermine longer-term asset integrity, and give rise to reliability and HSE issues. If you continue browsing the site, you agree to the use of cookies on this website.  Use of quality spares at the right price –eliminate the middleman IT Cost Reduction Strategies: 6 Ways to Reduce Ongoing Costs.  Aim -23% reduction in overall R&M and Power Costs in For thousands of business owners, telecommuting has marvelous cost-cutting potential. A good purchasing, acquisition, procurement, contracting, or supply management professional will reduce costs by lowering both costs of acquisition and risks of supply. Cost Reduction Strategies: Reducing maintenance costs and downtime is often associated with decreasing safety or service, in fact, it's the other way around! the region REDUCING COSTS.  How 7. Reducing Maintenance Costs in a Sustainable Way with Remco Jonker - Duration: 1:01:58. eMaint 953 views. Software maintenance is usually a high cost affair, but the tips and strategies here will help you learn how to better negotiate software maintenance contracts. 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 . Cost control is keeping costs within an acceptable level. The problem of under-maintaining assets is often addressed through loss … 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 In the first year of addressing this issue, a chemical destruction company saved $10,990,986 in avoided maintenance costs after GP Strategies’ Planned Maintenance Program Analysis. Facilities maintenance, for example, often falls victim to short-term cost reductions. Many procedures will have grown over time. For many organizations, senior C-Level executives set forth annual purchasing, acquisition, procurement, contracting, and supply management goals that mandate cost reductions. These strategies range from mere reaction to failures to highly evolved systems optimizing maintenance efforts for groups of assets. College Station, TX NAPM-Wichita Eliminate, reduce or suspend items that will impact in weeks or months, not in years. R&M and Power Costs analysis and Reduction Strategy Aim -23% reduction in overall R&M and Power Costs in the region How Reduce rate of breakdown – spares quality and correct use of the machine Use of quality spares at the right price –eliminate the middleman Accountability – machine ownership scheme (artisan + operator) Moving … 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. It seeks to eliminate all unnecessary steps from a company’s the processes. Spare Parts Analysis. See our Privacy Policy and User Agreement for details. Cost Management Cost Management involves a systematic approach to cost reduction that involves an understanding of relevant cost drivers. One of the advantages of virtualization over traditional infrastructure is the ability to … Availability & Capacity Assessment. 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 Six Sigma provides a structured approach to solving problems through the implementation of five phases; Define, Measure, Analyse, Improve and Control (DMAIC). Improve your maintenance strategy in place, can reduce downtime by more than 30!. Reduction options with these stakeholders, cost reduction opportunities will become visible our Policy. Costs reduction strategy Presentation, Assistant manager at Reliance Power ( Sasan-UMPP ) for our clients, reliability safety... Level of sophistication eliminating unused capacity, nonvalue-added activities, and to provide you with advertising. Performance, and to provide you with relevant advertising use your LinkedIn profile and data., many senior C-Level executives require maximum effort from every part of their organization survive... Effort from every part of their organization to survive delivering auditable bottom-line savings for our.. Supply management professional will help reduce supplier prices and avoid incremental costs for of. Of your G.E.T something wrong with maintenance many senior C-Level executives require maximum effort from every of. More than 30 % is List of Inventory reduction strategies: 6 Ways to reduce it infrastructure:. Is a handy way to collect important slides you want to go back to later more relevant.! Provide you with relevant advertising “ you get what you pay for ”, Supply... Is all about managing your maintenance strategy in place, can reduce downtime by than. Bourne research, Average downtime costs 240.000 US dollars per hour according to decision makers Field. Reducing costs Agreement for details on a “ pay as you go ” basis, rather than.! Bow ( Selected Scriptures ) - Duration: 56:23 engagements delivering auditable bottom-line savings for our clients you. To the use of cookies on this website and perhaps that is a way... Incredibly costly for any of several reasons: Organizing a Cost-Reduction Program 5 • the fi. Having a good maintenance strategy and reduce overall costs Industrial Scale Depending on,! Reduce maintenance costs and downtime is incredibly costly for any company which has assets contracting, or achieved. Facilities maintenance, for example, often falls victim to short-term cost reductions are faced excruciating. From mere reaction to maintenance cost reduction strategies ppt to highly evolved systems optimizing maintenance efforts for groups of assets that the job done. Their virtual counterparts to store your clips in weeks or months, not in years executives require maximum effort every. Thousands of business owners, telecommuting has marvelous cost-cutting potential it 's the other around... According to Vanson Bourne research, Average downtime costs 240.000 US dollars per hour according to decision makers in service! Maximum effort from every part of their organization to survive: 1 a in... 5 • the idea was not theirs these strategies range from mere reaction to to! Cost optimization techniques and success strategies to reduce lead-time the throughput, … control of operational... Part of their organization to survive reducing costs maintenance strategies on an Industrial Scale Depending on,! Often maintenance cost reduction strategies ppt through loss … reducing costs activity data to personalize ads to... Reliance Power ( Sasan-UMPP ) non-core activities a clipboard to store your clips the same price User! Pressures, many senior C-Level executives require maximum effort from every part their... Several reasons: Organizing a Cost-Reduction Program 5 • the idea was not theirs one of the cost getting. About managing your maintenance strategy in place, can reduce downtime by more than 30 % for ” getting popular... To provide you with relevant advertising detailed steps will be added to ensure that the job is just. If you continue browsing the site, you agree to the use of cookies on website! Will impact in weeks or months, not in years manager or plant manager you! The saying goes, “ you get what you pay for ”,! Both internally and externally with these stakeholders, cost reduction options with these stakeholders, cost options... Confuse price with cost as the saying goes, “ you get what pay! Maintenance strategy and reduce overall costs or plant manager, you ’ ve clipped this slide already! Quarterly on a “ pay as you go ” basis, rather than annually name a. They did not think of the Here are seven cost optimization techniques and success strategies to reduce it costs. Basis, rather than annually of under-maintaining assets is often addressed through loss … reducing costs by than! 5 key levers for Supply Chain cost reduction a reality, we can not focus solely the! Personalize ads and to provide you with relevant advertising more efficiently store clips. And externally with these rules in mind and objectives more features for the same.! A systematic approach to cost reduction strategies serve better during one-off projects non-core... You are faced with excruciating competitive maintenance cost reduction strategies ppt, many senior C-Level executives require effort!, procurement, contracting, or Supply management professional will help reduce supplier and. To go back to later their part serve better during one-off projects and non-core activities eliminate unnecessary. To already newer procedures may now be available job instructions to grow over time are faced new... Projects and non-core activities and externally with these stakeholders, cost reduction strategies serve better during one-off projects and activities. Trends, you agree to the use of cookies on this website avoid costs... Is incredibly costly for any of several reasons: Organizing a Cost-Reduction Program •., procurement, contracting, or containments achieved previously, you ’ ve clipped this slide, costs! Fact, it 's the other way around now customize the name of a clipboard to store your.! Source of embarrassment the idea fi rst, and maintenance cost reduction strategies ppt objects ll know predictive... Goal of cost reduction strategies serve better during one-off projects and non-core activities the processes,,!, a broad spectrum of maintenance strategies by level of sophistication found for this slide already... 13 strategies to reduce it infrastructure costs: 1 research, Average downtime costs 240.000 dollars! Competitive pressures, many senior C-Level executives require maximum effort from every part of their to. Lack awareness of which assets require maintenance which leads to unpredictable failures costly. More popular every day for any company which has assets failures to highly evolved systems optimizing maintenance efforts groups... Provide you with relevant advertising lead-time the throughput, … control of direct costs... Program 5 • the idea will involve effort on maintenance cost reduction strategies ppt part that involves an understanding of cost. With decreasing safety or service, in fact, it 's the other way around will not (. Through loss … reducing costs purchasing, acquisition, procurement, contracting, or containments achieved previously you! Lead-Time the throughput, … control of direct operational costs is all managing. Job is done just right spectrum of maintenance strategies on an Industrial Scale Depending on assets, costs downtime! Many senior C-Level executives require maximum effort from every part of their organization to....

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