Equipment failures cost money. Repeat failures are an indication that the underlying failure causes either haven’t been discovered or have been ignored.
But if your facility has 600 pumps and they survive an average of three years, there will be 200 repair events per year. Even at a mere $6,000 per repair, that’s $1.2 million each year. Suppose your competitor knows how to avoid repeat failures and sends his pumps to the shop only every six years. His yearly outlay will be $600,000, and his repair and maintenance crews can be deployed for failure prevention tasks instead of fix-up tasks.
So, what exactly is it that best-of-class users do to set themselves apart from the rest?
Read more of this Plant Services article here.
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