Mitigating the High Costs of Manufacturing Downtime
In manufacturing, downtime reigns as the most costly adversary. Money is being wasted when production lines unexpectedly grind to a halt. The true cost of downtime, however, cannot be solely measured in lost productivity hours; it erodes a manufacturer’s invaluable asset — trust.
Failing to meet commitments due to operational interruptions chips away at the foundation of customer relationships, nudging them toward seeking alternative partnerships. No matter the reason for downtime, customers have expectations of the quantity of product and how quickly they receive it. While some disruptions remain inevitable, a significant portion of these incidents are preventable.
In manufacturing environments, disruptions often stem from neglect. The oversight of preventive maintenance, insufficient employee training, or inadequate data management adds up. Neglected minor issues escalate into catastrophic setbacks capable of halting entire operations. Yet, proactive measures coupled with upfront investments offer a shield against such setbacks, ensuring a seamless production cycle.
To discover strategies for averting downtime within your facility, explore the accompanying infographic. It provides valuable insights into actionable steps and underscores their critical importance in maintaining uninterrupted manufacturing workflows.
Provided by S. Himmelstein & Company – torque transducer
Pranab Bhandari is an Editor of the Financial Blog “Financebuzz”. Apart from writing informative financial articles for his blog, he is a regular contributor to many national and international publications namely Tweak Your Biz, Growth Rocks ETC.
