GOTHENBURG, Sweden — SKF President and CEO Tom Johnstone announced today that SKF has documented more than $2 billion saved by its customers as a result of using SKF solutions. This data was collected over a 10-year period with the close cooperation of customers and the use of a patented SKF program called the SKF Documented Solutions Program.
Based on experience working with 19,000 cases around the world, SKF first developed the SKF Documented Solutions Program to help its customers predict the annual net cost savings they could realize by using SKF products and services. Because of the large quantity of data that has been collected, SKF says it is in a unique position to be able to quickly and accurately project and then measure the total cost of ownership on specific initiatives.
Total cost reductions are shown in areas such as reducing energy, lubrication, inventory, warranty costs, manpower, machine life, reliability, output and quality.
SKF says it is able to combine its industry knowledge, products and services to provide solutions that deliver value to its customers. "For the past 10 years we have done just that," said Vartan Vartanian, SKF Service Division president.
Visit the SKF website to learn more.
