Reliability: Is the Key to a Successful Future
Unreliable assets have enormous consequences. What if your assets could consistently operate at or above their rated capacities, for a greater percentage of total hours each year, all while spending less money on maintenance? That’s exactly what today’s best companies have discovered how to do. Industry studies show that the average facility spends approximately 5% of its Replacement Asset Value (RAV) on maintenance each year. In comparison, best performers spend 60% less—just 2% of RAV—while enjoying better uptime, efficiency, and profitability. It’s not about simply spending less on maintenance, it’s about working differently—working smarter—to achieve more reliable steel production operations.