Category: Financial Justification

Jim Fitch authored articles & papers

  • Five Ways to Reduce Lubricant Spending

    Five Ways to Reduce Lubricant Spending

    Lubricant procurement is not the largest expenditure in a typical maintenance budget. However, it is viewed as a real, tangible expense that is frequently targeted for cost reduction. When it comes to lubricants, it is unwise to pretend to save money by “buying cheap.” Read More

  • The Business Case for Lubrication Excellence

    The Business Case for Lubrication Excellence

    Machines fail for a reason. They’re not supposed to wear out. Humans are at the root of the vast majority of these failures. It’s also humans that can intervene and restore plants to healthy and sustained operation. This is not an imaginary concept but rather a living reality in a growing number of companies today. Read More

  • Five Ways to Monetize Lubrication Excellence Now

    Five Ways to Monetize Lubrication Excellence Now

    For most organizations, the opportunities for a substantial financial win from lubrication excellence are enormous with lots of low-hanging fruit. The most common financial benefit is reduced downtime by averting high-downtime machine failures. Read More

  • Oil Analysis Economics – Saving and Making Money

    Oil Analysis Economics – Saving and Making Money

    Changing maintenance from reactive to planned activities is the goal of most compa-nies depending on safe and reliable machinery operation. However, successful change management demands a workable plan. The best plan is one with an eye for what lies ahead – a program that can pinpoint precise maintenance needs. The strategy is sometimes referred to… Read More