Do benchmarks in the maintenance and asset management world make sense or not?
Maintenance & Asset Management professionals:
NFV will together with Mainnovation offer a special webinar series “VDMXL Deep Dive Sessions”.
Value Driven Maintenance & Asset Management, or simply VDMXL, explains how maintenance, extending the service life, and modernization can add maximum economic value to an existing plant or fleet, or to existing infrastructure. The work is based on a quantitative control model, a control panel with 12 KPIs, sector-specific benchmarks, and over 50 best practices.
The topic for this webinar is do benchmarks in the maintenance and asset management world make sense or not?
Are our OPEX costs too high? Do we have acceptable technical availability? How are other companies doing in our business? These are all relevant questions. But it's not always easy to compare yourself to a specific competitor. Maybe their plant is much bigger or much older.
Nevertheless, it is possible to benchmark, if the parameters with which we compare are well chosen. This allows us to compare maintenance costs against the Asset Replacement Value (ARV). This is the replacement value of the assets being maintained. By benchmarking the ratio of Maintenance Cost/ARV, we can compare plants of different sizes.
Mainnovation has a benchmark database with more than 1000 companies whose indicators have been discussed and validated, which enable to make very specific comparisons. After all, it is meaningless to compare companies in the food industry with those in the automotive sector. Even within an industry, the differences can be huge.
In addition, we need to be cautious about wrong and non-validated ratios. On the internet, you sometimes find data of questionable quality and number ratios that are not comparable. So there are a lot of pitfalls and points of attention. How to avoid them will be explained in this webinar.
In this webinar, we elaborate on:
- What can we learn from a benchmark of maintenance and asset management KPI's?
- Why do we compare cost ratios and not just total maintenance costs?
- How can we make connections between numbers?
- What is a role model, and how can we use it?
- My company has been benchmarked, and there is a big potential for improvement. How can we turn this into action?
The VDMxl Deep Dive Sessions consists of 16 different webinars.
The webinars cover the most relevant topics in future maintenance, but WCM, World Class Maintenance and VDMXL, Value Driven Maintenance and Asset Management, are the foundation. This methodology explains how to extract maximum economic value from an existing plant, fleet or infrastructure using a professional management approach. The VDMXL Deep Dive Sessions covers themes and topics, a maintenance professional can instantly turn into practice.
The webinars can be completed individually or as a complete package.
1 - VDMXL, Value Driven Maintenance & Asset Management - 25.aug
2 - From improving uptime to focus on cost control - 27.aug
3 - Ideal staffing and Technical Services Department - 01.sep
4 - Avoiding the seven biggest pitfalls - 03.sep
5 - Long Term Asser Planning - 08.sep
6 - Better efficiency in working from technicians -10.sep
7 - Gatekeeping in the operational workflow -15.sep
8 - Effectively use of CMMS data - 17.sep
9 - Supervisor functions - 22.sep
10 - Optimum number of spare parts - 24.sep
11 - VDMxl - Process Map, Coherence between processes, organisation, tools and KPI’s - 29.sep
12 - Benchmarks within the maintenance and asset management - 01.okt
13 - ISO 55.000 Asset Management - 06.okt
14 - Predictive Maintenance 4.0 - 08.okt
15 - Design for Maintenance from theory into practice - 13.okt
16 - AMprover: A powerful tool for maintenance plan - 15.okt
NOK 1690,- for members of Norwegian Maintenance Society
NOK 1990,- for others
When you sign up for all 16 webinars, a 20% discount will be given.
Duration: 14.00 – 15.00
The course is conducted online with a very good video solution. Participants are sent information about the login the day before the webinar starts.
You can register for the webinar(s) by sending an email to email@example.com or clicking on the link.
Registration deadline September 17. Registration is binding. By signing up you accept our cancellation policy. The registration deadline is set for each event.
Cancellation must be made within 3 days before the webinar start unless the full fee must be paid. The cancellation fee is 30% of full registration fee after the registration deadline. Only a written cancellation to firstname.lastname@example.org is accepted.
01.10.2020 – 01.10.2020
Quality Norway AS