How EAM Impacts the Bottom Line

August 23, 2017

From an early age, teachers urge their students to "show, not tell." That advice proves crucial throughout life and across many professions, including business management. When explaining the need to invest in better maintenance and reliability practices, operations stakeholders often find it challenging to justify those investments to executives. But when they have ample data available as it relates to their specific equipment and their industry in general, maintenance professionals find it much easier to show their leadership why proactive maintenance pays off, with the facts and figures to support them.

 

Gathering Internal Data

The first step toward proving the effectiveness of a maintenance program is knowing from where one is starting. Without a baseline record of how assets are performing under a "normal" situation, there's no way to know if new maintenance efforts are making any difference. Power Magazine reported that more utility providers are working to