How to prevent equipment failure and reduce unplanned downtime by at least 42%
Unplanned downtime is mostly caused by human error, poor maintenance, hardware or software issues whereas ‘perceived downtime’ includes poor performance or slow changeover. According to the Wall Street Journal, “Unplanned downtime costs industrial manufacturers an estimated $50 billion annually. Unplanned outages result in excessive maintenance, repair and equipment replacement.” Indeed, equipment failure is the cause […]
