Terry Wireman – A Retirement Retrospective

Asia YavorskyyNews & Announcements, Vesta Partners0 Comments

Terry Wireman – A Retirement Retrospective
terry wiremanSince I started in the maintenance field in the late 1960’s, maintenance has always been viewed as a necessary evil, an overhead, or expense function. Organizations have never learned to view maintenance as an “profit center”. This was true even though systems engineering courses taught that maintenance was necessary and the maintenance cost was specified in the design and installation of the equipment. Despite the overwhelming evidence that properly controlling maintenance costs could contribute to profitability, companies never viewed it as such. It is my hope that companies continue to explore this area for increased financial contributions to their profitability. Perhaps the total life cycle approach to managing assets as part of ISO-55000 may help companies start this journey.
terry wiremanSince I started in the maintenance field in the late 1960’s, maintenance has always been viewed as a necessary evil, an overhead, or expense function. Organizations have never learned to view maintenance as an “profit center”. This was true even though systems engineering courses taught that maintenance was necessary and the maintenance cost was specified in the design and installation of the equipment. Despite the overwhelming evidence that properly controlling maintenance costs could contribute to profitability, companies never viewed it as such. It is my hope that companies continue to explore this area for increased financial contributions to their profitability. Perhaps the total life cycle approach to managing assets as part of ISO-55000 may help companies start this journey.
Go to Source

Leave a Reply

Your email address will not be published. Required fields are marked *