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 17 – 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.
This slide 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-of-reliability. Get the book from its publisher, Industrial Press, and Amazon Books.
Use the head office email address on the Contact Us page if you have questions about this slide.