Providing the right level of service to production will ensure the profitability of the business.
Using a Business Needs Analysis will ensure that your maintenance program is on the same page as the goals of the business. Often times the two are not aligned, which leads to excess costs for the business, reducing the ability to be profitable. For example, does your operation require 99.9% reliability? It would be nice but that level of reliability is extremely difficult & costly to achieve. Think of the various industries that require that level of performance. NASA, the Armed Forces, Nuclear Power, etc. require 99.9% reliability and to achieve so, the effort in design and in operation is extremely intensive. [Read more…]
, a KPI is a vital indicator which is used to evaluate process performance. KPIs are used to represents a measure (or set of metrics) focusing on those aspects of organizational performance that are the most critical for the current and future success of the organization.