PMMI’s OpX Leadership Network Solution Helps Calculate Cost of a Maintenance Program

Herndon, Va.; Jan. 29, 2021 -To help manufacturers optimize investments in production equipment, PMMI's OpX Leadership Network released the Asset Reliability Roadmap for the Consumer Products Industry tool. A solid and reliable maintenance program is often difficult to directly justify and is too often reduced or eliminated when budgets are squeezed.

This new tool will help Consumer Packaged Goods (CPG) companies and Original Equipment Manufacturers (OEMs) understand common definitions, key performance indicators (KPIs), calculations and leadership guidance when developing an asset reliability initiative. Both CPGs and OEMs will gain an understanding of the necessity of providing their company's leadership with a solid business case for calculating maintenance program costs.

"When developing this tool, our team of CPG and OEM maintenance experts shared their individual and varied experiences, insights and leadership guidance to identify and define a number of Key Performance Indicators that valuate asset reliability," says Bryan Griffen, director, Industry Services, PMMI. "As a result of this collaboration, the OpX Leadership Network is excited to provide the industry with a unique, effective tool that will help businesses quantify the total value of asset reliability to the organization."

Like all other OpX Leadership Network solutions, this Asset Reliability document and opportunity calculator provide an excellent opportunity for CPGs and OEMs to work together to both of their advantages. In this case, the cooperative effort can yield significant improvements in Overall Equipment Effectiveness by focusing on those opportunities to reduce the impact of planned and unplanned downtime.

The OpX Leadership Network was founded in 2011 by PMMI, The Association for Packaging and Processing Technologies, to ensure CPG companies and OEMs are well-connected and well-prepared to solve common operational challenges, make smarter decisions and achieve operational excellence.

The Asset Reliability tool, as well as solutions on Total Cost of Ownership, Request for Proposals, virtual Factory Acceptance Tests and more, are available for free download at www.opxleadershipnetwork.org.


About OpX Leadership Network
The OpX Leadership Network is a dynamic community of manufacturing, engineering and operations professionals dedicated to operational excellence. Through open dialogue between CPG manufacturers and OEMs, the OpX Leadership Network provides an exceptional forum where the best minds come together to identify and solve common operational challenges and apply best practices and innovative solutions to the real-world context of manufacturing. Learn more at OpXLeadershipNetwork.org.

The OpX Leadership Network is convened by PMMI, The Association for Packaging and Processing Technologies, who represents more than 900 North American manufacturers and suppliers of equipment, components and materials as well as providers of related equipment and services to the packaging and processing industry. We work to advance a variety of industries by connecting consumer goods companies with manufacturing solutions through the world-class PACK EXPO portfolio of trade shows, leading trade media and a wide range of resources to empower our members. The PACK EXPO trade shows unite the world of packaging and processing to advance the industries they serve: PACK EXPO International, PACK EXPO Las Vegas, Healthcare Packaging EXPO, PACK EXPO East, EXPO PACK México and EXPO PACK Guadalajara. PMMI Media Group connects manufacturers to the latest solutions, trends and innovations in packaging and processing year-round through brands including Packaging World, Automation World, Healthcare Packaging, Contract Packaging, ProFood World, Mundo PMMI and OEM. In 2020, PMMI Media Group produced PACK EXPO Connects, a digital event connecting CPGs and top packaging suppliers. PMMI Business Drivers assist members in pursuing operational excellence through workforce development initiatives, deliver actionable business intelligence on economic, market and industry trends to support members' growth strategies and actively connect the supply chain throughout the year.

Learn more at pmmi.org and packexpo.com and pmmimediagroup.com.