Using life-cycle asset management to minimize repairs and maximize plant efficiency
Plant managers and process engineers traditionally assume that pump failures are to be expected and simply a cost of doing business. In fact, only 11 percent of all equipment failures are due to wear—and most failures can be avoided with an appropriate life-cycle-based asset management program.
Tom Dabbs, reliability specialist from the ITT Plant Performance Services organization, will explain how organizations can use improved maintenance to virtually eliminate the need for repairs, instead of living with the results of unplanned failure. He'll provide industry benchmarks for equipment reliability and best practices in maintenance that organizations use to achieve those levels. Tom will explain other elements of an asset management strategy that lowers life-cycle costs, including organizational structure and the importance of job planning.
Supported by case studies from a variety of industries, Tom will give attendees actionable advice they can use to improve pump reliability, lower repair costs, and move closer to the goal of zero equipment failures.
Who should view the playback:
- Plant Managers
- Engineering/Maintenance Managers
- Production/Maintenance Supervisors
- Maintenance/Reliability Engineers
- Purchasing/Accounting/Finance Managers