Achain is only as strong as its weakest link. Many businesses address this issue by focusing efforts on identifying and strengthening the weakest link. But, is this the best solution? Rather than accepting the existing chain with its weaknesses as given, reconfiguring or redesigning the whole chain can potentially eliminate the weakest link altogether.
This is the reasoning behind product value management (PVM), a holistic approach that can help asset managers redesign assets to boost performance without adding lifecycle costs or complexity.
You are probably familiar with life’s golden rule: Do unto others as you would have them do unto you. But have you ever wondered how any given machine, if it could express itself, would feel about this rule? What would it say? This article offers some speculative thoughts from the machine’s point of view, presented as the golden rules for machinery reliability.
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