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.
- Rhiana Safieh
- HubHead Corp
Preventive and predictive maintenance may achieve the same goals (healthy assets), but only one keeps costs reined in while improving maintenance as a business value driver.
- Frederic Baudart