When is the Time Right for Reliability?
I have had the pleasure over the seven several years to work with clients in both the Mining and Oil and Gas industries. In these same seven years in the United States we have seen the price of gold jump from $279.00 USD an ounce in 1999 to above $700.00 an ounce last week, and the price of crude oil has gone from $20.00 USD barrel to above $70.00 per barrel in 2006.
It's no longer a secret that companies who mine for gold and produce crude oil have make some substantial profits over the past year or so. Some of us would like to believe that the profits are unfair in some way. That these companies are making money while the rest of us around the globe pay higher prices for gold, oil and gas. Funny, how these same people weren't offering to pay a nickel more for these items when the same companies were struggling to stay in business a few short years ago.
One would have to believe that today, with the prices of these commodities being what they are, reliability must be extremely important to both industries. You can bet with the prices being so high that they want to get every ounce or barrel they can out of the ground right now! In fact, this equipment must run, it must continue to run and we don't want it to shut down for any reason. Those companies who have been doing the right things in terms of maintenance and reliability are reaping benefits of tools Reliability Centered Maintenance, CBM and TPM. Right now you can bet that there are several companies in this same line of business who are saying we should have invested the money in training our people, building our knowledge base, performing RCM's and setting up good maintenance and reliability programs.
The question I have today is two fold, what sector of business will be next to experience the market boom we now see in gold and crude oil, and which companies within those sectors will have managers intelligent enough to invest, train and perform Reliability Centered Maintenance analyses today so they can reliably produce their potential when the boom comes?
If I had the answer to the first part of this question, if I knew which market sector would have the next boom, I know where I would invest my some of my retirement funds. Regarding the second part of the question, companies who recognize to continuously invest in training will also recognize that reliability is important every day, not just when the market is in your favor. These companies have managers who understand the business case for reliability, the value of certified reliability practitioners, and value of proactive reliability tools like RCM Blitz, Criticality Based Asset Management, and TPM.
Reliability Solutions, Inc. offers training, facilitation and mentoring of reliability tools and measures. As providers of these services we celebrate the success of our clients who fully understand the benefits or reliability!
