Is your annual production plant maintenance cost running at more than 3% of your Replacement Asset Value (RAV)? When you get your maintenance costs down to 2%...
Maintenance Cost vs Asset Replacement Value RAV
How to Increase Profitability by Managing Surplus Assets
Abstract. With the current pressure on companies to maximize revenue, many purchasing professionals are being tasked with uncovering new areas of “savings”. Within many organizations, Surplus Assets...
Calculating Return On Investment For Equipment Purchases
ROI is also known as the payback period and is often expressed in a period of time, such as weeks, months or years. The calculation is based...
How “I don’t know” Can Make You An Authority In Your Industry
One thing I’ve learned at Buffer is that being open to not knowing things seems to be the best way to learn quickly and teach others at...
4 Business Lessons from Operations Managers
The operations person is often overlooked as a source of business wisdom. She directs seemingly mundane duties, supervising hourly workers, walking the production floor, and making sure...
To Replace, or Not To Replace. Guide for The Equipment Replacement Decision
The parts replacement decision, to replace a piece of equipment should be based on facts and figures. The judgment which the owner-manager of a small company makes...