Cost Recording

Striking the Right Balance of Costs

How to Balance the Cost of Maintenance

There is not a single maintenance department that I am aware of that has an unlimited budget.  If you are aware of one, please let me know as I would love to see if it is successful or not.

Since most of us do not have an unlimited maintenance budget, we need to be smart about how we spend our maintenance money.  Therefore there needs to be a balance and well […]

By |2019-04-19T15:49:23-04:00January 8th, 2018|Business R&M Strategy, Cost Recording, Equipment Strategy|Comments Off on Striking the Right Balance of Costs

Learn to Speak Finance

The Key To Gaining The Ear Of Your Executives

As a maintenance professional, you spend a lot of time explaining how a proper maintenance & reliability program will improve uptime, safety, etc. But why is it that there is a hard time gaining support for the improvement initiatives? Well, senior executives are focused on how the company is being a measure of performance from the shareholders, financial analysts, or owners. Most of these measures are financial in nature, and while there are others, the primary measures are financial.

So with the senior executives focused […]

By |2019-04-19T15:49:23-04:00January 1st, 2018|Business R&M Strategy, Cost Recording|Comments Off on Learn to Speak Finance