April 28, 2026

NEPIC Asset Management Conference

Location: Redcar, United Kingdom

A  focused one-day event designed to address the challenge of an era defined by tightening capital allocations and shrinking operational budgets, with the mandate for industrial sectors to have shifted from expansion to optimisation.

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This conference brings together industry practitioners and technology innovators to take part in practical learning and discuss real-world experience.  

Our team of experts are excited to meet you there!

  • Ricky Stewart, RAM Study Manager
  • Kevin McQuillan, Senior Consultant

Plan to Attend:

 

Date/Time Speaker Insights
TBD

Ricky Stewart, Reliability & Maintenance (RAM) Study Manager

Strategies for Maintenance Cost Optimization

 

ABSTRACT:

Maintenance is one of the largest controllable cost elements in industrial operations, yet the concept of “maintenance cost optimization” is often poorly defined within organizations.  Without a clear and quantifiable definition, improvement initiatives frequently lack focus, performance measurement becomes inconsistent, and organizations struggle to determine whether maintenance spending is delivering optimal value.  In many cases, this leads to initiatives aimed solely at cost reduction rather than true optimization, which can ultimately undermine reliability and operational performance.

In this presentation, Ricky Stewart, Solomon’s RAM Study Manager, will introduce a structured, benchmarking-based framework for evaluating maintenance cost optimization across comparable production facilities, highlighting the relationships between maintenance spending, equipment reliability, and operational availability. Discover the key operational and organizational factors that distinguish high-performing operations − such as effective preventive/predictive strategies and efficient planning and execution. Learn the methods for measuring both the effectiveness of maintenance interventions and the efficiency of maintenance delivery. Explore how high-performing organizations are able to achieve both strong operational availability and effective control of maintenance costs through disciplined maintenance strategies and efficient work execution. Walk away with practical insights for setting measurable targets and developing structured action plans that enhance reliability while optimizing maintenance costs.

SOLUTIONS

Reliability & Maintenance

Get a better understanding of your reliability and maintenance strategy and culture. Turn data and insights into an action plan with targets to close gaps and drive performance improvement at your facilities and increase profitability. Achieve Q1 performance with a reliability focus not a cost-cutting focus.
Reliability & Maintenance Benchmarking
RAMblings Video Series

Rooted in the theme of Q&A, our RAMblings video series focuses on all the questions you wanted to ask about reliability and maintenance (RAM) and all the ones you did not know to ask. Watch as Solomon's Reliability & Maintenance Study Manager, Doug Speers, is prompted with questions and RAMbles about client and market dynamics related to reliability and maintenance.
Performance Excellence

Boost your company’s profitability without major changes. By systematically evaluating your operational and financial performance as compared with competitors, our experienced consultants identify “Quick-Hit” improvement opportunities that can be accomplished within a few months.
Reliability & Maintenance Study Data Training Seminar
Turnaround Excellence

When scheduling turnarounds, sustaining plant operations is critical. Turnaround service disruptions weigh heavily on management decisions. Total costs, downtime, process optimization, and safety are of paramount concern and where mitigating operational risk is a focal point. At Solomon, we know what excellent turnarounds look like and where opportunities exist to improve your turnarounds.

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