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White Paper - Turning Enterprise Asset Management into Real Earnings Per Share
Over
the past decade, many corporate performance improvement programs have been initiated: Business processes re-engineered, enterprise resource planning systems implemented, shared services organizations formed, etc. During that time, it was not uncommon for Enterprise Asset Management (EAM) programs (both formal and informal programs) to remain in the hands of a “technical” executive, such as the Senior Vice President of Operations. However, with “The Street” continuing to demand ever improving performance and the marketplace as competitive as ever, CEOs are putting continuous pressure on the CFO/CAOs (Chief Financial Officer and Chief Administrative Officer) to find new ways to cut costs and improve bottom line performance. We all know that cutting costs alone will not allow for sustainable performance improvement. However, with a well constructed EAM program, there is a path to
improved earnings. Not by using cost cutting as the primary driver to achieve, but by increasing asset efficiency which leads to reduced cost.
Download Whitepaper
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Reliability Tip:
Maintenance Task – Failure Mode
When identifying maintenance tasks, don’t forget the most basic element. Every maintenance task must address a failure mode. If you cannot identify the failure mode, perhaps you do not need the maintenance task. This applies equally to condition monitoring (PdM) tasks or scheduled preventive tasks. All must address a failure mode.
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Emerson Helps Companies Reach Top Quartile Performance
Top Quartile Reliability A Key Driver
Reliability, Top quartile performers in operational reliability see maintenance costs that are 3.5x less than those operating in the lowest quartile. Equipment failure, the most frequent cause of unplanned downtime, can result in excessive maintenance, repair, and equipment replacement. Top Quartile companies enjoy more than 13% greater production availability of their assets over fourth quartile performers. Additionally, outdated maintenance procedures and technology may expose staff to greater safety risk.
Learn how Emerson can help you, click here.
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EMERSON EXCHANGE 2016
October 24-28 in Austin, TX
You could be the Next Reliability Program of the Year
Emerson Process Management and the University of Tennessee are looking for the companies with the best application of integrated maintenance best practices and the most effective use of reliability technologies as part of a “best in class” reliability program, with measurable results on the operation’s performance and savings. A thorough evaluation of these practices will lead us to find the facility that will take the honors for 2016. .
If you would like your company to be considered for this year’s recognition and share your great results, please contact your local Emerson sales representative or Bruce Hawkins (Bruce.Hawkins@Emerson.com) for additional information.
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Your Local Connection
Learn more about local reliability community activities and local access to Emerson’s expertise and accelerators. Click here to connect. |
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Emerson Process Management
©2016 Emerson Process Management. All rights reserved.
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