The global process industries lose $20 billion, or 5% annual production, due to unscheduled downtime and poor quality. ARC estimates that almost 80% of these losses are preventable. In fact, 40% of th..
The global process industries lose $20 billion, or 5% annual production, due to unscheduled downtime and poor quality. ARC estimates that almost 80% of these losses are preventable. In fact, 40% of these losses are largely attributable to human error. The greater use of automation may have reduced the need for manpower. Conversely, maintenance costs and cost of ownership have increased under these conditions. Ineffective maintenance accounts for $60 billion spent annually. In addition, manufacturers are under pressure to place more emphasis on safety and environmental impact.
Reliability and asset performance management
The “if it isn’t broke, don’t fix it” approach
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