ATLANTA, Geo. – The Society for Maintenance and Reliability Professionals (SMRP) is pleased to announce the release of the newly revised SMRP Standardized Metrics. The revisions feature the highly anticipated “best in class target values,” which provide valuable insight into the effectiveness and overall accuracy of asset management in the maintenance and reliability industry.
With the release of the revised metrics, maintenance and reliability professionals can not only uncover best in class target values where applicable, but also gain insight into formulas, ratios, statistics, definitions and references which combined provide a consistent benchmark to measure their performance. Current metrics from SMRP give reliable and standardized guidance on how to measure key performance indicators; the newly added best in class target values give guidance on how to effectively apply the metrics and to identify “what good looks like”.
“These metrics allow organizations to measurably improve their effectiveness within their respective fields,” said Shon Isenhour, SMRP chair and director of education at GPAllied. “We are proud to facilitate an industry tool that many companies can use to examine critical internal data that will further promote the growth of our industry.”
SMRP also added new search feature for e-Metrics called “bundles.” These bundles help the maintenance and reliability professional quickly find key Pillar 5 Work Management Metrics. Bundles are summarized as follows:
Work Identification Metrics - Measures the distribution of the source of maintenance work, both by type of work and by cost. Tracking these metrics can help ensure that the appropriate priority is provided to execution of proactive activities. Metrics provide insight into their effectiveness by comparing the amount of time and money spent on them to the resulting corrective work identified by them.1 2 next >>