Reliability management consulting service launched to tackle downtime
Published: 12 November, 2014
Emerson Process Management’s new global reliability management consulting practice says it is guiding business leaders on how to better manage maintenance costs, improve reliability and increase profitability.
The company explained it is elevating the reliability cost challenge to the boardrooms of its customers with an economic-based management consulting practice aimed at saving companies millions in wasted expense and lost revenue.
To expand its portfolio of reliability-focused services, Emerson recently acquired Management Resources Group, Inc. (MRG), a management consulting firm with 28 years of experience improving reliability in industrial manufacturing. This strategic investment complements Emerson’s existing lifecycle services offering, as well as the company’s leadership in ‘pervasive sensing’ which provides manufacturers with more operational insight through greater sensor-based coverage of their plants and assets.
Steve Sonnenberg, president of Emerson Process Management commented: “Chief executives are seeing the need to better manage physical assets for improved profitability.” He explained that with the right strategy, potentially a £600m plant could saved millions of Pounds annually in maintenance costs – not including the corresponding operational and production benefits from reduced downtime. He added that if you extend that across a corporation’s network of facilities, soon reliability becomes the number one strategic lever for a safer, more profitable enterprise.
Solomon Associates, a benchmarking company in the process industries that tracks companies’ performance based on reliability and maintenance metrics, reiterates Emerson’s message, that by reducing scheduled and unscheduled downtime, companies can reduce their maintenance spend by 50% or more.
Optimised reliability practices – such as increased condition monitoring and analysis-based maintenance activities – drive down costs and also improve sales, quality, health and safety, and environmental compliance. These are all key factors affecting operational risk and shareholder value.
Robert DiStefano, MRG’s founder and former CEO commented: “Every euro not spent on maintenance goes directly to the bottom line. Our approach helps companies dramatically reduce downtime and enhance safety and compliance, increasing the stature and reputation of a company and ultimately providing better value for shareholders.”
For further information please visit: www.emersonprocess.com
