Reliability practices leads to better performance
- One of the major tasks of operations managers is to boost uptime while simultaneously keeping budget. To meet this challenge they discover reliability-based management as strategic factor to improve performance. But which parameters are the key to “reliability excellence” and drive a company’s performance? What are the relevant levers to pull in reliability-based management? To answer these questions McKinsey & Company partnered with Aachen University to launch a global reliability survey in process industries. Objective of the initiative is to provide a statistically proven picture of key factors that drive maintenance and reliability excellence. Furthermore benchmarks and best practices concerning overall operational performance will be identified. The study is based on a questionnaire-based approach which addresses all relevant departments within a company, complemented by best practice analyses. This paper provides results of the survey. The results demonstrate that reliability pays off. Some unproven beliefs have been confirmed (e.g. a good reliability performance results in a low spare part inventory) but also surprises like a correlation between safety and performance were identified. The analysis also shows that structural differences like company size or geography do not influence reliability performance.
Author: | Günther SchuhORCiDGND, Jochen Berbner, Bert Lorenz, Bastian Franzkoch, Cord-Philipp Winter |
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Parent Title (English): | Proceedings of the 3rd World Congress on Engineering Asset Management and Intelligent Maintenance Systems (WCEAM-IMS 2008) |
Subtitle (German): | results of an international survey in continuous process industries |
Publisher: | Springer |
Place of publication: | Beijing [u. a.] |
Editor: | Gao Jinji, Jay Lee, Jun Ni, Lin Ma, Joseph Mathew |
Document Type: | Conference Proceeding |
Language: | English |
Date of Publication (online): | 2023/10/18 |
Date of first Publication: | 2008/10/26 |
Release Date: | 2024/05/06 |
Tag: | maintenance; performance; process industries; reliability; value based maintenance |
First Page: | 1366 |
Last Page: | 1374 |
FIR-Number: | SV5077 |
Name of the conference: | WCEAM 2008 - World Congress on Engineering Asset Management |
place of the conference: | Beijing |
Date of the conference: | 27.-30.10.2008 |
Institute / Department: | FIR e. V. an der RWTH Aachen |
Dienstleistungsmanagement | |
Dewey Decimal Classification: | 6 Technik, Medizin, angewandte Wissenschaften / 62 Ingenieurwissenschaften |