Introduction to tools
Achieving an increase in profitability requires a carefully selected combination of strategy and tools: once the strategy has been developed in co-operation with the client any combination of a wide variety of tools can be employed to provide structure and analytical approaches to business development. Among the tools that can be used are:
- Discrete Event Simulation
- Failure Modes, Effects and Criticality Analysis (FMECA)
- Reliability Centred Maintenance (RCM)
- Life Cycle Cost Analysis (LCC)
Applying these cost-effectively to the specific problem in hand ensures that the client is able to control and understand the solution for continuing business development.