Machine Downtime Tracking: Short-Term Savings Turns Into Long-Term Gains
When manufacturing businesses begin to experiment with equipment downtime tracking, they normally do so with an eye towards the short-term benefits they're promised by solutions providers. They're dealing with frustrating and costly unplanned downtime, and they need it to stop as quickly as possible. For many, the most obvious benefit of equipment downtime tracking has to do with the cost savings you begin to enjoy almost immediately. If you can stop a critical piece of machinery going down unexpectedly for even a half hour, that's 30 minutes more in a day when you can generate revenue. That's 30 minutes extra where your workers are operating at peak efficiency, and when you don't have to worry about finding (and buying) things like replacement parts. But while this is important, it's also only the beginning of something far better: continuous improvement across your entire business. Tracking Machine Downtime: Playing the Long Game It's a good thing ...