I received a compelling message from David Gleason after his conference presentation, discussing the "Inverse-Square Rule for Deferred Maintenance." This rule suggests that delaying maintenance on a failing part results in costs that are squared. Through focus group testing in various industries, participants used the "Inverse-Square Rule for Deferred Maintenance" Worksheets to calculate the total costs of breakdown events. The results consistently showed that the total costs, when square-rooted, equaled the cost of the primary failure part or deferred inspection. This rule is applicable to all maintenance types and sizes, helping organizations assess True Risk/Reward Ratio for Deferred Maintenance. By utilizing this rule, maintenance managers can accurately predict costs and man-hours needed for field applications. This tool aids in making informed decisions regarding operational and budgetary maintenance. For more information, visit The Geaslin Group's website at www.geaslin.com or www.ManagingMaintenance.com. Your feedback on the attached worksheet is highly appreciated.
Is it not a matter of personal interpretation and analysis?
For over a year, Mr. Geaslin has been advocating for this proposed relationship, backed by data from a specific industry. It appears Terry is exploring the potential applicability of this relationship across various industries.
The location of a part falling, such as an air compressor, boiler, or fan, can significantly impact operations. Whether the equipment is situated at an electronics assembly plant, an injection molding facility, or a pharmaceutical drugs manufacturing site, the consequences can vary.
The primary distinction lies in the working conditions. Employees are currently idle? Well, it seems that we are experiencing a manpower shortage rather than a maintenance issue, as indicated by the signs.
In my previous post, I purposely kept the details about the industry ambiguous. If I had specified that the information was specifically related to real estate, you and your company might have brushed it off, thinking it doesn't pertain to the manufacturing sector. The study focused on a niche industry, excluding real estate.
This approach to understanding the total cost of deferred maintenance seems incredibly insightful. The "Inverse-Square Rule for Deferred Maintenance" clearly quantifies the impact of delay, making it a powerful tool for maintenance managers. It's intriguing to see how simple mathematical principles can elucidate complex operational and financial dynamics within industries. Thanks for sharing the worksheets and the resources -- it really helps to visualize the costs and make more informed maintenance decisions. I'll dig deeper into the links you've provided and share my feedback soon.
I find this "Inverse-Square Rule for Deferred Maintenance" truly insightful. I work as a maintenance manager in a manufacturing facility, and the high cost of delayed maintenance is definitely a concern. Sometimes, in order to save costs in the short run, management tends to overlook certain maintenance tasks without realizing the heavy financial implications down the line. This tool offers a great way to calculate and predict costs and thereby make informed decisions. I'm eager to check out the worksheets myself and relay this information to my team. Thanks for sharing this valuable resource!
✅ Work Order Management
✅ Asset Tracking
✅ Preventive Maintenance
✅ Inspection Report
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Answer: - The "Inverse-Square Rule for Deferred Maintenance" suggests that delaying maintenance on a failing part results in costs that are squared, leading to increased total costs.
Answer: - Organizations can use the "Inverse-Square Rule for Deferred Maintenance" Worksheets to calculate the total costs of breakdown events, with results consistently showing that total costs, when square-rooted, equal the cost of the primary failure part or deferred inspection.
Answer: - The rule has been tested in various industries through focus group testing, with participants using worksheets to calculate total costs. The outcomes consistently showed that the total costs, when square-rooted, equaled the cost of the primary failure part or deferred inspection.
Answer: - Maintenance managers can benefit by accurately predicting costs and man-hours needed for field applications, aiding in making informed decisions regarding operational and budgetary maintenance.
Answer: - More information on the rule can be found on The Geaslin Group's website at www.geaslin.com or www.ManagingMaintenance.com.
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