Facing significant equipment downtime on a mission-critical asset, a leading polymer currency printing company engaged Nexus Global for asset strategy support. To generate the greatest benefits for the client, Nexus Global would recommend a cost-effective PM program based on known failure modes, consequences, and the likelihood of each failure. The new maintenance strategy would also address challenges involving; equipment, people, process, leadership, and continuous improvement.
The overall strategy would need to balance cost, risk, equipment availability, and performance criteria. To achieve the goal, Nexus Global would develop a new PM Program by using a Consequence Driven Maintenance (CDM) and PM Optimization (PMO) approach to maintenance optimization to identify expected and unacceptable failures and highlight improvement opportunities.
Download the case study to see how we developed and implemented a new maintenance strategy with rapid improvements in equipment downtime, maintenance costs, and inefficiencies.
Larry Olson | CMRP, CRL, CAMA
President/CEO, Nexus Global | Larry is one of the leading global Shutdown/Turnaround, Asset Integrity and Maintenance strategists. With over 30+ years of business & maintenance experience, he has carried out a variety of roles from Project Manager, Change Management Specialist to Director of Reliability & Integrity Assurance Excellence.