Considering that the biggest machines that do the most work are made up of smaller machines and components, it becomes obvious that when a large machine breaks, it is normally due to small components acting antagonistically. Detailing a time-tested method for increasing productivity and lowering operational costs, Spend Analysis and Specification Development Using Failure Interpretation explains how to establish performance-based procurement specifications for the components, devices, and items that contribute the most to operational downtime and repair/replacement costs. The book emphasizes the critical need to perform both spend and failure analysis in order to develop a procurement document, which will ultimately reduce overall costs. Accompanied by downloadable resources with helpful material such as, specification checklists, case study worksheets, form letters, and return on investment (ROI) worksheets that you can customize to your needs, the text discusses how to: Identify the products that will cost the most if they fail Develop performance-based procurement specifications to reduce direct and indirect costs Examine cost analysis as it relates to operations, maintenance, and production Determine effective criteria based on properties, test results, and standards for each operation Written by an industry expert with decades of experience giving seminars, training customers and associates, and authoring numerous papers and articles, the text provides the real-world understanding of the influential components and materials' physical properties needed to engage in effective failure and spend analysis. It addresses product submission and monitoring and includes helpful tools so you can immediately get started on conducting your own cost-saving analysis.

Considering that the biggest machines that do the most work are made up of smaller machines and components, it becomes obvious that when a large machine breaks, it is normally due to small components acting antagonistically. Detailing a time-tested method for increasing productivity and lowering operational costs, Spend Analysis and Specification Development Using Failure Interpretation explains how to establish performance-based procurement specifications for the components, devices, and items that contribute the most to operational downtime and repair/replacement costs. The book emphasizes the critical need to perform both spend and failure analysis in order to develop a procurement document, which will ultimately reduce overall costs. Accompanied by downloadable resources with helpful material such as, specification checklists, case study worksheets, form letters, and return on investment (ROI) worksheets that you can customize to your needs, the text discusses how to: Identify the products that will cost the most if they fail Develop performance-based procurement specifications to reduce direct and indirect costs Examine cost analysis as it relates to operations, maintenance, and production Determine effective criteria based on properties, test results, and standards for each operation Written by an industry expert with decades of experience giving seminars, training customers and associates, and authoring numerous papers and articles, the text provides the real-world understanding of the influential components and materials' physical properties needed to engage in effective failure and spend analysis. It addresses product submission and monitoring and includes helpful tools so you can immediately get started on conducting your own cost-saving analysis.

This guide serves as a workbook to be used in conjunction with an approved course offered by a training partner recognized by the International Council for Machinery Lubrication (ICML) for a Machinery Lubrication Technician (MLT I or II) certification exam preparation course. The essence of this work is a guided, cooperative, and sometimes even argumentative dialogue between the authors, with continuous asking and answering of questions. This stimulates critical thinking, which in turn draws out underlying presumptions, and results in readers thinking like the person who actually built the exam. The authors are strong proponents of a unique 5-step process for learning: 1. Familiarize 2. Find Socrates 3. Be the Exam 4. Practice Exam 5. Explore This unconventional method has proven to be exceptionally effective, not for only passing the exam, but to truly retaining the knowledge and becoming an expert in the content you’re studying. Certification requirements are discussed throughout the work, making this the ideal resource for prospective MLT I and/or MLT II certification candidates. Unique Structured learning Notes Outline: For the reader to complete. Aids in organizing ideas and thoughts. Guided Cooperative Argument: A dialogue between authors concerning the topics. Helps answer questions that are asked on the job. Statements of Truth and Exam Development: From the recommended Body of Knowledge, with space to develop your multiple-choice questions. Develops critical thinking process and understanding of how the exam questions are structured. Body of Knowledge Outline: Works as a reference to help answer any questions that may arise. Practice Exam: A mock exam designed to familiarize the reader with taking a multiple-choice test that is similar in structure and content to the real one. Glossary & Appendices: List of common terms, charts, and tables with which all certification candidates need to be familiar.