Downtime is often associated with lost production, lost revenue, and sometimes even lost customers.
The truth is that downtime is necessary – it is needed for maintenance, repairs, upgrades, and replacements. Where the distinction lies is how controllable the amount of downtime is and whether there is a system in place, such as a compatible maintenance program, to detect and measure how much time is spent on unplanned, prolonged, and costly downtime.
This article is a continuation of our discussion on reliability metrics, specifically on the topic of Mean Downtime, or MDT, and how to use this metric to your advantage. Further, it shares insights on how to control the downtime of your assets.
To begin the discussion, we must start at the beginning, which is by defining equipment downtime.