Ten Tips for Tightening Expenses During Tough Times

In challenging times, tightening expenses becomes crucial. Here are ten practical tips to help manage costs effectively. Read more

1. Save on Energy

Reducing energy consumption can lead to significant savings. Even simple actions like ensuring proper stem packing can prevent leaks and save money, notes Andrew Norman from Dresser Masoneilan and Dresser Consolidated. Regularly checking for leaks and maintaining gaskets and seals can preserve resources and cut costs.

2. Be Smart about Maintenance

Skipping maintenance can backfire, leading to costly breakdowns or accidents. Jim Knox from Allied Valve Inc. emphasizes that performing regular checks, especially on valve packing and pressure seals, is essential for preventing leaks and avoiding unnecessary expenses.

3. Bring in Outside Help

If in-house resources are limited, hiring consultants can be a cost-effective solution. They can optimize maintenance practices and suggest improvements, ensuring that facilities run smoothly and efficiently.

4. Use Smart Instruments

Investing in smart digital valve controllers can prevent shutdowns by identifying issues early. These controllers enhance process control and can save significant downtime and costs, as highlighted by Bruce Grumstrup from Emerson-Fisher Valve Division.

5. 'Exercise' Your Equipment

Regularly exercising valves and actuators prevents them from seizing up. Jim Knox suggests lubricating parts like zerk fittings to avoid costly replacements. Consistent maintenance ensures longevity and reliability of equipment.

6. Work with Your Suppliers

Collaborating closely with suppliers can uncover opportunities for savings. By minimizing supplier numbers and ordering kits, companies can streamline operations and boost efficiency, says Ed Holtgraver from QTRCO, Inc.

Staying mindful of raw material costs and ensuring suppliers adjust their prices accordingly can also be beneficial, as mentioned by David Moser from DFT, Inc.

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