1 / 11

Quantifying Downtime - A Tough Proposition

Downtime decreases the productivity of your industry. Find out the best way to calculate the cost of downtime so that you can increase the productivity of your industry. Explore here some interesting facts about the downtime and how to deal with such situations: www.downtimecollectionsolutions.com/downtime-tracking-tour

jaidynmoore
Download Presentation

Quantifying Downtime - A Tough Proposition

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. QUANTIFYINGDOWNTIME- A TOUGHPROPOSITION

  2. ProductivityLoss!!!! It is the biggest loss for any manufacturing unit. It has far-reaching ramifications. But, generally, only the superficial losses come in the limelight. The deep impact and real loss due to the machine downtime remain unknown. Although Calculating Downtime impact may look easy as only the loss from production lapse comes into account. It is very difficult to Quantify Downtime in real terms as there are other tangible and intangible losses involved. The inconspicuous losses are the biggest and most difficult to compute. They leave a deep impact on the production line as well as the balance sheets.

  3. The visibleTangible Lossesare.....

  4. LossofMachineTime Machinery is the backbone of any manufacturing unit. Broken down machines are not only an eyesore but they also carry a lot of baggage in form of idle manpower and manpower loss. Every breakdown has a root cause which must never be overlooked. Correct assessment of the cause and its rectification is very important. Tracking of the problems in real time can help in a great way in reducing Manufacturing Downtime. Use of Downtime Tracking mechanism assures timely detection of problems and their resolution. The response time will decrease and the machines can be brought online much faster. The higher the amount of time goes into repair the greater the losses are for the unit.

  5. ProductivityLoss This is undoubtedly the most visible and imminent loss. An unplanned downtime not only brings a single machine to a standstill but also affects the following processes. With the loss of production, the balance sheets are going to get red and raise alarm signals. Recurring productivity loss will also affect the supply chain.  Machine Downtime Tracking becomes very important to measure the effect and impact of such breakdowns. Productivity loss can only be controlled by increasing the machine uptime. Instant addressal of the issues and overhauling of the system are the only methods to ensure that.

  6. LossofManpower This goes without saying that when the machine is facing an unplanned downtime the manpower on the machine goes idle. It costs dearly to any manufacturing process. When calculating the downtime costs, labor idling is also a very important component. Not only the unit pays for the no work time but also has to pay extra in form of overtimes and other expenses

  7. IntangibleDowntimeCosts L O S S O F R E P U T A T I O N S T R E S S E F F I C I E N C Y

  8. Stress One of the most latent effects of unplanned downtime is the sudden stress laid on the machines as well as the manpower. To meet the set production goals the machines have to overwork along with the manpower. This isn't good for either of them. The planned downtimes get shorter or missed. This can lead to more breakdowns and unwelcoming work environment. The unit will have to compensate for both. This cost never gets into the books.

  9. LossofReputation Any production line can take a hit from frequent breakdowns. The regular supply gets affected and it has a strong impact on the customers. You can compensate for the loss by working extra hours but the inconsistencies of supply line are clearly visible. The reduced confidence of the customers can never be quantified in real terms.

  10. Efficiency An overworking or sick production line can never work in an efficient manner. From regular checks to machine maintenance schedules, everything gets neglected once in a while due to production pressure. This leads to repeated breakdowns. Downtime Monitoring program can help a lot in bringing back the efficiency in the production line. It lets the floor managers track the issues in the production line in real time so that the problems can be nipped in the bud.

  11. As the famous saying goes ‘Prevention is better than cure’ so should a production line behave. An unplanned downtime brings a lot of chaos and disturbance with itself. It affects the complete work environment adversely. Every production line must have a mechanism to detect the problems much before they get blown out of proportion. It not only gives the floor managers, operators and maintenance staff ample amount of time to counter it in the planned downtime but also reduces the sudden and latent costs arising out of unplanned breakdowns. www.downtimecollectionsolutions.com | 1.888.499.7772

More Related