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Two Minute Tips
  • Asset Strategy

How Does Bad Asset and Maintenance Master Data Cause Unexpected Downtime?

Unexpected downtime is a major issue that keeps maintenance and reliability professionals up at night and is inevitable in asset-intensive industries – especially manufacturing. Unexpected downtime is becoming more frequent in organizations and can cause a company’s production – and therefore revenue – to come to a halt.

Two Minute Tips
  • Asset Strategy

How to Reduce Unplanned Downtime

Downtime refers to the duration of time when your machinery is not in production. While downtime can be planned for equipment set up or scheduled repairs, unplanned downtime refers to downtime that occurs unexpectedly because of an unforeseen shutdown or equipment failure. Every minute your assets are not working costs your company money. For most manufactures, unplanned downtime is the single largest source of lost production time.

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