NAA Member News: Senseye – The True Cost of Downtime; How much do leading manufacturers lose through inefficient maintenance?
Unplanned downtime is the curse of the industrial sector. When expensive production lines and machinery fall silent, organisations stop earning and those investments are costing rather than making money.
While planned downtime allows firms to undertake vital maintenance activities during periods when there is no production impact, there’s a significant cost to holding inventory and spending effort and parts doing more maintenance than is necessary.
So, where’s the balance and what makes companies that have achieved this balance special?
In this report, Senseye has started to answer these questions, using insights gained from its own experiences, publicly available information sources, and an extensive survey of large manufacturing and industrial organisations around the world.
