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1. THESE MANUFACTURING DOWNTIME STATS SHOULD SCARE YOU While it's certainly true that downtime in manufacturing is somewhat of an inevitability, it's also not something that you want to let get too unwieldy. Yes, certain instances of planned downtime happen... but unplanned downtime is likely costing your organization in a wide range of ways that you may not be aware of. THESE MANUFACTURING DOWNTIME STATS SHOULD SCARE YOU WHAT IS UNPLANNED DOWNTIME? As the name suggests, unplanned downtime happens when there is some type of unexpected or unscheduled failure - either in a critical piece of equipment, or on the shop floor, or both Hardware and/or soft- ware issues could easily lead to a machine going offline unexpectedly, as can operator errors or mistakes. Even situations that may not seem like a big deal - like changeovers that take slightly too long per shift - can add up to an enormous loss in terms of productivity (and ultimately revenue) over time. UNPLANNED DOWNTIME: FACTS AND FIGURES As stated, most organizations simply aren't aware of how much money downtime is costing their business until it's far too late. Consider the following statistics to help get a better idea of just how big this problem can be: 82% 800 According to one recent study, roughly 82% of organi- zations say that they have experienced at least some type of unplanned downtime even in the last few years. Typically, these instances last at least four hours according to the same study. Some larger manufacturers could easily see up to 800 hours of downtime per year. While the cost of downtime can vary per industry, in some it's almost extraordinarily high. In the automotive industry, the cost of downtime can be about $50,000 per minute or $3 million per hour. To make matters worse, factories typically lose at least 5% of their total productivity on average to these unfortunate downtime events. 50K 5% 23% 70% In the manufacturing sector, human error is a major culprit for unplanned downtime. It causes about 23% of unplanned down- time events, which is 2.5 times higher than in other industries. Faulty equipment is a major contributing factor as well. In 2017, another study revealed that about 70% of organizations had no visibility into when equipment was due for maintenance or upgrades until it was far too late to do anything about it. THE SOLUTION: OEE TRACKING Statistics like those underline why OEE software, coupled with a manufacturing KPI dashboard built with your organization in mind, are of paramount importance. Consider the following statistics within the context of how OEE software can help: Another study indicated that roughly 80% of organizations are unable to accurately calculate how much downtime they're experiencing at all. Only 24% of organizations use predictive analytics - meaning that they're practicing reactive, break-fix approaches to maintenance instead of preventative. Organizations who use predictive maintenance are associated with the lowest percentage of unplanned downtime events - just 5.42% compared to all others. That, in essence, is why OEE software is so important. By paying attention to how you're doing in terms of manufacturing quality parts, as quickly as possible, with no stop time, you don't just know which of your efforts are working well - you know which ones can be improved, too. Not only does this help you eliminate waste, but it also helps clue you in as to why unplanned downtime is happening and what you can do to put a stop to it. This, coupled with a manufacturing KPI dashboard, can help visualize your continuous improvement moving forward - making sure that you're always operating at peak efficiency and are capitalizing on every opportunity to do better that reveals itself. Ready to Thrive? Schedule a 35 Minute Demonstration. 1.888.499.7772 | www.downtimecollectionsolutions.com Sources: https://www.businesswire.com/news/home/20171106006370/en/Human-Error-Common-Unplanned-Downtime-Manufacturing-Sector, https://arimo.com/machine-learning/2016/manufacturing-down- time-cost-reduction-predictive-maintenance/, https://www.isa.org/intech-home, https://news.thomasnet.com/companystory/downtime-costs-auto-industry-22k-minute-survey-481017, https://lp.servicemax.com/Van- son-Bourne-Whitepaper-Unplanned-Downtime-LP.html, https://www.onupkeep.com/answers/preventive-maintenance/facts-about-downtime, https://www.onupkeep.com/learning/maintenance-types/reactive-maintenance, https://www.onupkeep.com/learning/maintenance-types/planned-maintenance