Detailing a time-tested method for increasing productivity and lowering operational costs, this book explains how to establish performance-based procurement specifications for the components, devices, and items that contribute the most to operational downtime and repair/replacement costs. It emphasizes the need to perform spend and failure analysis in order to develop a procurement document that will ultimately reduce costs. Written by an industry expert, the text provides the real-world understanding of the influential components and materials' physical properties needed to engage in effective failure and spend analysis.