Midstream - Asset Care
In tough economic times, maintenance is one of the first things to fall to the cost-cutting axe. This cost avoidance strategy is a short-term benefit at best, but in the long run, cutting maintenance will result in greater costs down the road.
We think you should have the best of both worlds: Lower costs today without increasing repair or replacement costs in the future.
Proper Preventive Maintenance avoids breakdowns, downtime, lost throughput and service interruptions. Our cost-minimizing approach to PM is based on:
- Planned maintenance intervals: Doing the right things at the right time
- Field tech PM training: Knowing what to do and how to do it
- Field work scheduling and routing: Making time, setting priorities and combining PM with other field work to minimize travel time
- Careful evaluation of in-sourcing and outsourcing options
- Leveraging manufacturer or supplier technical support
- PM time and cost tracking
Some corrective maintenance is unavoidable, even with a highly effective Preventive Maintenance program, but costs can be managed through:
- Early alerts: observing and reporting signs of approaching failure
- Effective troubleshooting: What skills, parts and tools are needed?
- Priority guidelines: avoiding service cost premiums for urgent call-outs
- Root cause analysis of failures… leading to failure prevention actions
- Spare parts inventory or availability: wait times vs. inventory costs
- Comprehensive repairs: While it’s torn down, what else is wrong?
- Contractor performance scorecards: improving service levels
Poorly managed maintenance costs you money. Well managed maintenance pays you dividends.