SKF Reliability Systems was developed as part of SKF's strategy to grow business beyond component sales with its burden of price per piece selling by expanding into the service market.
The core philosophy behind SKF Reliability Systems is based on the concept of Asset Management. This concept involves the total organization of a physical asset's life cycle to achieve the lowest maintenance cost with maximum return. The process that SKF uses to apply the concept is called Asset Efficiency Optimization (AEO).
Optimizing the efficiency of equipment has a significant impact on profits – and shareholder value. It affects productivity and quality. Few companies have the resources or expertise to implement the rapidly developing new technologies, processes, and cultural changes that are so important to achieving timely, yet long-term success. Our strategy is to combine SKF knowledge, services and products to create unique solutions based on each customer's business goals. In areas where SKF needs more competence, we either purchase or form an alliance with companies that do. The following companies are now business units under Reliability Systems, each acquired for their expertise in certain areas of asset management:
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