Blog Information

• Posted By : Emily Clarke
• Posted On : Jul 20, 2022
• Views : 104
• Category : Technology
• Description : Production downtime is a killer in the manufacturing business. It dramatically impacts your overall productivity and revenue potential. Whether it's planned maintenance or unplanned outages, you lose money any time you're not producing.

Overview

• Production downtime is a killer in the manufacturing business. It dramatically impacts your overall productivity and revenue potential. Whether it's planned maintenance or unplanned outages, you lose money any time you're not producing. If you need manufacturing downtime statistics, visit this website.
  
  

  Keeping track of manufacturing downtime statistics is a new strategy many factories are starting to employ. But what kinds of benefits does tracking offer? Read on to find out.
  
  

  Understand the Cost of Downtime
  
  

  Ever wonder how much downtime costs your business? With tracking, you can do just that. It helps you understand repair costs, the expenses of ordering emergency repair parts, and more. It paints a larger picture of downtime events.
  
  

  You might not like what you see, but it's the key to improvement. Knowing the costs can come in handy when allocating resources and managing budgets.
  
  

  More Insight Into Trends
  
  

  The best downtime tracking platforms will do more than gather quick statistics. They'll identify trends and warn you of potential issues that could occur in the future. Tracking production downtime helps you understand why these events occur.
  
  

  It lets you connect the dots and be more proactive about avoiding additional issues. Whether you understand why downtime occurs or not, keeping track is critical in diagnosing problems and taking action.
  
  

  Reduce Unplanned Downtime
  
  

  Ultimately, the biggest reason to track manufacturing downtime statistics is to boost productivity as much as possible! Planned downtime is inevitable. Machines need maintenance. But it's those unplanned events that tend to cost you.
  
  

  Knowing why downtime occurs can help you avoid hurdles as they come. Learn more about your machines to provide the correct maintenance at the right time.
  
  

  Address Weak Points in Your Maintenance Strategy
  
  

  Finally, you can use data tracking to fine-tune your maintenance strategy. There's a fine line between providing proper maintenance to keep your machines operating and wasting resources on planned downtime for being overly cautious.
  
  

  Tracking downtime lets you see if your current maintenance efforts are working. Use the insights to spot weak points and perfect your plan.
  
  

  Read a similar article about machine idle time reduction here at this page.