Align availability and cost management to achieve an acceptable level of risk

Downtime risk aversion is a natural antithesis to cost efficiency in the world of enterprise asset management.

When industrial businesses adopt EAM tools and develop proactive and preventative maintenance strategies, they seek, in theory, to lower operational costs while raising operational excellence. In practice, however, many facilities find these two elements in constant, inextricable contention. In a traditional sense, austere cost-cutting measures only increase a company’s risks because such initiatives usually involve less oversight. Inversely, striving for greater OEE has almost always meant shelling out more resources and increasing opex.

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