From Data to Decisions
From Data to Decisions
The Six-Pillar Framework for Driving Improved Manufacturing Reliability
A reliable asset is defined as one that lasts for the duration of its determined lifecycle with the minimum outlay on any maintenance. When it comes to asset reliability management, not only are the machines themselves a factor but so are the regulatory, business, and stakeholder requirements. It is important to remember that a strong focus on reliable machinery is a vital long-term investment for any business; not only does it impact financial performance, but also heavily influences safety and production quality. By focusing on this core aspect, organizations can increase production output, decrease overall costs, and increase the overall longevity of their production plants. The recent disruption in global supply chains from the pandemic has left an indelible mark on the industrial manufacturing sector and has brought forth the importance of asset reliability.
Read ‘From Data to Decisions’ to understand LTTS’ six-pillar framework for driving improved manufacturing reliability.