What does equipment failure cost your company?
Do you know what equipment failure is costing your company?
An ocean going drilling rig had a failed oil/water separator. The device is a required piece of pollution control equipment. When it failed, someone made a makeshift fix to keep things operating. The Coast Guard discovered the makeshift repair and fined the company $12.2 million dollars.
In this example, the cost of failure was in a Coast Guard fine. But often the cost of failure occurs because of lost production, repair costs, and unnecessary repetitive repairs.
What are you doing to understand your equipment failures?
You should be using Equifactor® to improve your equipment troubleshooting and the TapRooT® Root Cause Analysis System to improve your root cause analysis.
Equifactor® Equipment Troubleshooting has many troubleshooting tables for common pieces of equipment. But what if a piece of equipment doesn’t have a troubleshooting table? You can get your company and vendor experts together to make a custom troubleshooting table so that everybody can troubleshooting problems using the tables and get the results the experts get.
Don’t wait until a:
- major process safety incident,
- major loss of production,
- large fine from a regulator,
- piece of equipment failed for the tenth time, or
- maintenance budget gets out of hand.
Act now! Send someone to one of our public 3-Day TapRooT®/Equifactor® Equipment Troubleshooting & Root Cause Analysis Course. Find out how it can help you stop equipment reliability problems with proven equipment troubleshooting and root cause analysis tools. See the upcoming course dates at this link: