Despite the demand for industrial products remaining high, organizations within the manufacturing landscape are as hyper-competitive as ever. As costs continue to rise, this competition makes already-slim profit margins even tighter. To remain healthy and viable, manufacturers must examine every single area of operations in order to find potential cost savings, and equipment health and efficiency — driven by maintenance— are two such factors that can make a major difference in the bottom line. Equipment downtime is among the most significant resource drains in manufacturing. Downtime is not only detrimental on its own, but also can be an underlying factor in numerous other issues that can plague the pursuit of effective, profitable operations. Taking steps to reduce equipment downtime can counteract these issues and have an extensive positive impact. No organization ever wishes to have to experience emergency downtime as a result of equipment failure. In efforts to avoid this, amongst other operational mishaps, be sure to review the resource supported alongside this post for more valuable information.
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