Machinery Lubrication

Machinery Lubrication Nov-Dec 2019

Machinery Lubrication magazine published by Noria Corporation

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Lubric ation Programs AS I SEE IT Jim Fitch | Noria Corporation 5 Ways to Monetize Lubrication Excellence Now For most organizations, the opportunities for a substantial financial win from lubri- cation excellence are enormous with lots of low-hanging fruit. e most common financial benefit is reduced downtime by averting high-downtime machine failures. is strategy reveals the "hidden plant" and deploys proactive maintenance (root cause elimination) and predictive maintenance (early fault detection). And, sometimes you need a crisis to focus on reliability. e problem with the hidden plant is that it requires spending dollars today to mitigate or prevent a future failure event. Yes, a dollar invested today may return $100 dollars or more in the future, but how long must one wait for the return? How certain are you that such an averted failure would have occurred? For example, if you apply enhanced contamination control to just one machine, say a diesel engine, you might not see a benefit of an extended overhaul interval for more than a couple years. Conversely, if you have a fleet of diesel engines, the total number of overhauls (and lost production) might be reduced by 50 percent in any given time period including the current year. Still, there are other tangible financial benefits that don't relate to averted future failures. How can the cost of implementing a world-class lubrication program be paid for in today's budgetary cycle? is is the theme of this article. Also, see Joe Anderson's "How to Show the Value of a Lubrication Program" article on page 32. Reducing Current Maintenance Costs See the chart in Figure 1. e green bars represent a typical maintenance budget. Note only 3 percent of the budget is the cost of lubricants. If today's maintenance budget is to be reduced (to save money), the corresponding need for maintenance expenditures must be eliminated. e challenge is knowing what must be done to reduce the need for replacement parts (new and rebuilt), maintenance labor, supplies and lubricants. What wise and proven maintenance strategy achieves this objective? How much must be invested? "As the quality of lubrication sharply improves, so do the economic benefits. Everything hinges on action and change." 2 | November - December 2019 | www .

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