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Lube-Tech


Senior management support for a TCO-driven approach to lubrication is critical, to help overcome challenges such as resourcing alongside the demands of daily operations. It is also important to have a dedicated team in place to help implement and drive this change across the company. This will allow a project lead to allocate appropriate time and resources to a team tasked with implementing changes. Leveraging your relationship with your lubricant supplier can give access to their technical teams, who can play a key role in identifying and delivering value.


A comprehensive analysis can allow you to identify, quantify and prioritise TCO-related projects. A key element of this is aligning on how value is measured to enable savings to be recorded accurately. For example, what is the hourly cost of maintenance and time required for repairs; what is the cost of replacement parts; what is the benchmark failure frequency and what is the monetary value of downtime for each piece of equipment, in terms of lost production? Setting measurable targets in the initial stages of the process allows you to ensure that progress can be tracked.


These steps have helped companies form a strong foundation from which to successfully incorporate a TCO-driven approach to lubrication into daily operations, carry out lubrication improvement projects, and realise the associated cost savings. As equipment and lubrication technology continue to evolve, regular review of the approach will help continue to focus effort and resources on projects that deliver greatest value.


PUBLISHED BY LUBE: THE EUROPEAN LUBRICANTS INDUSTRY MAGAZINE


No.111 page 6


LOOKING AHEAD Modern power plant operators will continue to demand three things from a lubricant: improved system efficiency, reliable equipment protection and longer oil and equipment life.


With pressure on the power industry higher than ever, for many companies the demands of today often supersede the challenges of tomorrow.


Praveen Nagpal, Shell Global Product Application Specialist


Praveen is a Mechanical Engineer and MBA by qualification, with a working experience of 22 years in power engines. He is the Global Product Application Specialist for stationary power engine lubricants and is responsible for managing relationships with key power engine OEMs globally.


LINK www.shell.com/lubricants.


LUBE MAGAZINE NO.140 AUGUST 2017


33


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