August 2012

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HP Integration Strategies: Reliability solutions offer unique value propositions

Globally, the process industries lose the equivalent of 5% of production annually because of unscheduled downtime and poor product quality. ARC Advisory Group estimates that almost 80% of these losses..

Hollywood, Paula, ARC Advisory Group

Globally, the process industries lose the equivalent of 5% of production annually because of unscheduled downtime and poor product quality. ARC Advisory Group estimates that almost 80% of these losses are preventable. As the longest phases in any asset’s life cycle, operation and maintenance (O&M) expenses account for the highest costs. Any improvements that a manufacturer can make in these life-cycle phases can significantly impact the bottom line. A perfect storm A number of factors have converged to drive present interest in reliability software and services. Increases in the amount and complexity of plant assets applied are the primary factor, as the lines between work managemen

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