August 2018

Maintenance and Reliability

Attaining TCO nirvana with outcome-based services

The industrial manufacturing sector is grappling with an unprecedented number of challenges.

Linton, S., Honeywell Process Solutions

The industrial manufacturing sector is grappling with an unprecedented number of challenges. Some of these challenges include shifting geopolitical and economic pressures; long-time workers are retiring and taking their knowledge with them; potential millennial replacements are being drawn to other sectors; technology and operating costs are rising sharply; and mandates from the executive level to do more with less. To address the latter, business leaders are increasingly looking at total cost of ownership (TCO) as a strategic approach. And why not? Maximizing the lifespan—and therefore value—of a technology asset makes good sense, and is one area that is fully within the control of a busin

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