Study participation growth attributed to reliability becoming integral part of corporate strategy
The 2019 International Study of Plant Reliability and Maintenance Effectiveness (RAM Study) will feature a number of enhancements that will make the study both more comprehensive and more impactful for participants. These enhancements include:
- The examination of root cause analysis as a key contributor to reliability. In many sections of the study, yes/no answers will be replaced by conditional answers to give us an even more refined look at the behaviors of top performers.
- The addition of piping systems’ contributions to reliability as part of the fixed equipment analysis.
- A more in-depth look at turnaround practices to identify what sets top performers apart from the rest.
- An expansion of the type of events that occur with specific equipment forms to measure the reactive and proactive nature of various organizations.
- A deeper look at non-RAM downtimes that offers a complete evaluation of the performance of the operating unit.
Since 2014, participation in the RAM Study has grown fivefold, and the 2019 study is expected to be even bigger than each of the previous years. During the recent RAM Group Advisory Council Meeting of 11 multi-national companies, participants identified the following as the main reasons for the growth:
- Reliability is becoming a much more integral part of corporate strategy as the C-Suite discovers that equipment reliability impacts margins and profitability and is critical to corporate success.
- The Solomon RAM Study is unique in looking at reliability performance on a process family basis and delivers tangible actions for improvement.
- RAM Study participants that joined the study on a one- or two-site pilot basis have experienced significant value and are expanding their involvement to include multiple sites.
To learn more about the RAM Study please visit SolomonOnline.com/RAM