Can you identify your hidden factory losses?
Reliability Engineering in Operations
What is a 1% loss in Overall Equipment Effectiveness (OEE) worth to an organization’s profit margin? One million dollars? Five million?
Many companies have no effective tool/method in place to measure the true economic impact of unreliability on their balance sheet. It is estimated that 60% have significant management driven issues of inefficiency and underutilization, as opposed to popular belief that asset reliability is the major cause. It is imperative to identify where the specific process losses are occurring, target them to reduce the variability, and uncover the hidden capacity – the “hidden factory”.
There are five elements of Reliability Engineering in Operation that can be
applied to help build and implement a corrective action plan around maximizing the return on asset and process reliability:
- Process Reliability Analysis
- Overall Equipment Effectiveness/Loss Elimination (OEE)
- Alarm Philosophy & Strategy
- Lean Manufacturing
- Six Sigma
According to Informance International’s benchmark data, thorough analysis of capacity reveals opportunity for best-in-class performance.
Allied Reliability helps companies
build wealth and competitive advantage
through world-class reliability
across a global manufacturing network.
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