To measure performance in inventory management, one of the most common metrics to use is “number of inventory turns.” This number is calculated using the ratio of the value of…
The collection of equipment failure data over time allows for proper asset management and life-cycle analysis. From historical equipment failure data, you…
Of the numerous RCA methods used, the one you choose depends on the depth and nature of the problem. Factors such as the number of contributing causes…
In order to decide if it is time to repair or replace an asset, you must compare the current value of the asset with the cost of repair. Simply, when…
Equipment depreciation is a measure of how much a piece of equipment drops in value each year. As you calculate the depreciation of your assets, you…
An asset life cycle refers to the stages involved in the management of an asset. The life cycle of an asset starts with the planning…
Availability measures the ability of a piece of equipment to be operated if needed, while reliability measures the ability of…
The SMRP distinguishes between idle time and downtime with these definitions: Idle time is the time in which an asset is either waiting to…
To get the very most out of your MRO (maintenance, reliability, and operations) inventory, you need to track data that reflects costs, turnover, workflow, and …
Criticality is a measure of how important an asset is to your process. The more critical the asset, the more of an impact it will have if…
Overall equipment effectiveness (OEE), the most common metric used to characterize the performance of a plant, is expressed as a percentage of the total planned…
Maintenance metrics are used to measure and quantify the level of achievement of a particular asset or plant process. Determining the state of the plant using…
There are numerous ways to improve your equipment uptime, each of which has to do with streamlining your maintenance processes. Improve Preventive Maintenance First off, if you’re not doing…
Manufacturing is a bit of a different beast to facilities management, which means that the most useful metrics and KPIs to track are also somewhat different. 1. Downtime Downtime…
Breakdown time is downtime that results from the equipment breaking down. You’d start counting from the time the asset fails to the time you manage to get it up and…
The maintenance unit cost is a snapshot of the total maintenance cost required to manufacture a standard unit of production during a set period of time. Although…
When implementing total productive maintenance (TPM), I think it’s best to gradually phase it in. The reason for this is it will essentially enable an…
The best way to use failure codes is a systematic one: start with analyzing the reasons for failures, code this information in a consistent way to make…
The Society for Maintenance & Reliability Professionals (SMRP) identified five pillars of maintenance and reliability to help facility managers create a framework for their businesses. The…
Although this is a complex question that can involve many metrics to answer accurately, it’s important to start setting world-class reliability goals to foster continuous improvement. One such goal is…
Both bar codes and RFID tags can help you track your assets and equipment; each having its advantages and disadvantages. The major advantage of bar codes it that they are…
You have a few options when calculating the useful life of your industrial assets. Easy Method – Consult the IRS The simplest way, ironically, is to simply…
What you do with old equipment comes down to two possibilities: either you replace it, or you keep it around. The route you choose depends on your facility’s current demands.
The primary difference between a PLC (or Programmable Logic Controller) and SCADA (Supervisory Control and Data Acquisition) is the fact that a PLC is hardware and SCADA…
The dangers of using the mean time between failure (MTBF) metric are in the detail – or lack thereof. Remember that the MTBF metric is taken by…
The short answer to the question is generally “no” with a few caveats. However, asking the question sets into motion the bigger issue of how to evaluate any metric or…
While some facilities might adopt a “use it until it breaks” mentality about electric motors, implementing a good electric motor testing (EMT) program can be a massive positive investment in…
A common metric that rationalizes maintenance expenses is taking the total maintenance cost (MC) as a percentage of the estimated plant replacement value (PRV), or simply…
The role of a reliability engineer is to ensure that the plant is running effectively and efficiently – this is done by performing strategic tasks that reduce…
Implementing a stellar asset life cycle management program requires alignment with your overall business strategy, data-driven decisions, and the right culture. One of the major responsibilities for a …