The profitability impact of a reliability project can be dramatically increased when it is leveraged through the business by changing fundamental business processes. In the case study, the dramatic results were possible because reliability contributions were considered in the capacity planning and capital deployment processes. Sustain momentum by widely publishing metrics . Management commitment is sustained by its belief that an approach is more effective than its alternatives. This belief must be nurtured by publication of the business and reliability outcomes of a project.
Reliability is a powerful tool for providing competitive advantages that can increase profitability.
Harnessing this tool requires the assistance of others outside of the reliability community. Ultimately, it is the support of the business leaders that will harness reliability s competitive advantages, moving reliability from the plant floor to the boardroom. An article next month will define the foundation concepts and tools needed to link a high-impact financial term to a reliability opportunity. Application of these tools and concepts will allow a user to predict the business benefits associated with specific reliability improvements. Despite declining profitability, capital spending continued to climb.