Organizations today are under constant pressure to reduce costs and eliminate waste. It’s estimated that U.S. industries needlessly waste in excess of $200 to $500 billion each year because of unreliability due to lost opportunities, poor product quality, scrap, and ineffective maintenance practices.
However, there are practical approaches that companies can take to close gaps in these areas. During a recent 30-minute webinar, Doug Robey, Vice President, Maintenance Training and Reliability at GP Strategies, discussed a proven approach to eliminate excess waste and reduce costs by establishing an effective Maintenance & Reliability strategy. This approach helps bridge the gap between Leadership Vision and Asset Strategy to Continuous Improvement and Sustainability, through Frontline Reliability, Precision Maintenance, Work Execution, and Online Monitoring.