Best Practices in the Life Cycle Cost-based Approach in Critical Pumping Applications

SUMMARY

This white paper aims to provide critical insights into the lifecycle cost-based approach that needs to be taken in critical pumping applications.

TABLE OF CONTENTS

1 INTRODUCTION

• Introduction
  • Introduction
  • What is the Life Cycle Cost Practice?
  • How OEE and Six Sigma Assist Decision-Making

2 CHALLENGES AND SOLUTIONS

• Challenges
  • Introduction
  • Ignorance of LCC Benefits
  • Design Conservatism
  • Budgets
• Solutions
  • Solutions

3 BEST PRACTICES

• Best Practices
  • Introduction
  • Education
  • Applications Knowledge and Correct Sizing
  • Benchmarking
  • Develop AM/LCC/Continuous Improvement
  • Vendor Partnerships

4 CONCLUSION

• Conclusion
  • Conclusion