Executive Summary

This articles deal with trying to save on expenses. This might appear to be too simple but the best waste to tidy up arises from two areas. One is what part numbers consume the most money annually? To determine this just multiply the part cost times the annual usage. Sort the list in descending order and only use the top 5% for this analysis. Form a team from different disciplines to talk about solutions to the usage of each part. Second is what repetitive repairs consume the most money annually? Most maintenance activity involves repairs which were done before. Choose the top repairs in terms of annual money consumed. Then, have your team search for ways to fix the asset permanently.