Do you want to improve your plant and equipment reliability and make more operating profit? Then proactively remove its failure causes!
Deliberately create equipment reliability by purposely removing the chance of its components failing. Without a cause of failure there can be no failure.
Slide 16 – Improve Equipment Reliability = Reduce Parts Failure Rate = Reduce Chance of Failure = Remove Failure Causes = Bigger Operating Profits Forevermore
The heading in the slide above tells us what to do if we want to improve reliability of plant and equipment. We must remove the chance of failure by proactively working to remove failure causes so there are no reasons to fail. If there is no failure cause there is no failure event.
Every time an equipment’s failure rate falls you will generate more operating profit. That is why reliability is so keenly pursued by CEOs, Executives, and Managers—raising reliability is a certain way to greatly increase operating profits.
In the list of the 15 ways a drinking glass can fail many of the failure causes can be removed with either design changes to the glass, procedure changes in how the glass is moved and handled, and with education and training that makes people more skillful in preventing the chances of failing a glass.
As we remove failure causes the rate of failure falls, because opportunities for something to go wrong are eliminated. The decrease in failure rate shows as improved reliability—fewer failures happen over a period, which implies a longer time between failures, and that is reliability improvement.
Remove failure causes and you get a lower failure rate. A reduced equipment failure rate saves money, because there are fewer breakdowns and operating problems needing to be fixed. The more you remove failure causes, the greater the operating and maintenance savings. Breakdowns and failures which no longer happen cut maintenance expenditure and operating costs. Improving reliability is a very profitable strategy. And reliability is improved every time you intentionally remove failure causes.
Consecutive slides from this series will be regularly posted at the Lifetime Reliability Solutions website page Plant Wellness Way EAM Tutorials until the enire series is complete. There will be a full description and explanation on the relevant content in each slide. You’ll have a comprehensive reference on how PWWEAM works, and how to use it to design, build, and embed a Plant Wellness Way enterprise asset life cycle management system that gets world class plant and equipment reliability.
This series of slides is a companion to the new Industrial and Manufacturing Wellness book. The book has extensive information, all the necessary templates, and useful examples of how to design and build your own Plant Wellness Way enterprise asset life cycle management system. You can buy the book from its publisher, Industrial Press, and from Amazon Books.
If you have any questions about this slide, please send us an email using the head office email address listed at the Lifetime Reliability Solutions website Contact Us page.