No one wants to spend money when you don’t have to. Yet, an attitude like this will likely lead to delaying maintenance beyond the economic optimum service interval. In short, that attitude will cost your company money. How much you say? That, of course, depends on the details. In this example for an expensive process element, we can save more than $100,000 per year by changing out at the economic optimum rather than waiting until the troubles become more obvious. And this is on just a single wear item!
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The Web201.49d YouTube clip link: