6 Tactics to Reduce Asset Costs
In today’s highly competitive market, manufacturers are continuously looking for ways to make their factories run more efficiently. Asset management and maintenance helps ensure critical equipment is running smoothly, minimizing downtime and improving production yield.
The cost of asset failure can be expensive. According to a recent study of manufacturing executives by ATS and Nielsen, one minute of equipment downtime costs an average $22,000.
- Preventive Maintenance
- Repair vs. Replacement
- Care, Shipping and Handling
- Asset Visibility
- Extending Intervals
- Comparing Model Service Histories
Download 6 Tactics to Reduce Asset Costs: