Within the Value Driven Maintenance methodology, created by Mainnovation, there are four main value drivers that can help improve cash flows. By measuring and analyzing each driver an organization can increase their value potential of maintenance which is the sum of all free cash flows that are derived from improving one of the following:
- Asset Utilization – (Improving uptime, selling more products)
- Cost Control – (Reducing maintenance and reliability spending
- SHE – (Safety, Health, and Environmental legislation compliance)
- Resource Allocation – (Reducing spare parts inventory)
In many organizations there is one driver that is significantly higher than the others. This is the dominant driver, and it can differ between plant and line. To speed up business results, each individual line should focus on improving their dominant driver.
To watch the entire recording on Building a Winning Maintenance Strategy with Value Driven maintenance, by Guy Delahay, click here.