Unexpected failures and poor asset performance can hurt you and your business. Low reliability and low availability are killers. High operational costs, missed orders, angry customers, and stress all around.
Money just pouring down the drain or blowing into thin air. Inefficiencies in assets, processes, procedures and people can severely damage your company's competitiveness. The costs will keep on climbing.
Inadequate maintenance and operations standards leads to high and sometimes unsustainable business risks. And from higher risk, failures are more likely to occur. Use best practices to reduce the probability and consequences.