Equipment downtime is an aggressive rival in mining and manufacturing, reducing profitability minute by minute. Companies can lose thousands of dollars each time a machine goes offline.
With our latest webinar, “How to Reduce Equipment Downtime Using Software to Create Operational Ownership,” is aimed to provide you with the knowledge and resources you need to overcome this challenge.
Hosted by Trevor Shaffer, Director of Customer Experience at Redlist, alongside special guest Jason Shaffer, Manufacturing and Process Engineering Manager at Click Bond, this webinar will guide you on leveraging software solutions for minimizing downtime and fostering a culture of proactive ownership within your team.
Understanding Operational Ownership and Its Significance in Maintenance Management
In today's industrial world, optimizing operating efficiency and reducing equipment downtime is critical. This goal is based on the concept of "operational ownership."
But what does operational ownership mean, and why is it so important in maintenance management?
Operational ownership involves establishing a sense of responsibility and accountability in maintenance teams for their equipment and processes. When team members embrace operational ownership, they actively engage in the upkeep, monitoring, and resolution of issues concerning the machinery they oversee.
It is based on the notion that those who deal with the equipment know it best and can make the most educated maintenance decisions.
The importance of operational ownership extends beyond immediate equipment availability. It fosters a culture of diligence, proactive problem resolution, and ongoing progress.
Teams who follow this idea are more likely to adhere to preventative maintenance schedules, solve minor issues before they worsen, and efficiently manage unscheduled downtime.
Fundamentally, operational ownership helps to a strong and dependable maintenance strategy.
How Software Tools Foster a Sense of Ownership Among Maintenance Teams?
Facilitating operational ownership involves efficient processes, clear communication, and easily accessible information—areas where lubrication management software like Redlist and other technological solutions can have a significant influence.
1. Streamlined Workflows and Real-time Data:
Modern lubrication management software includes capabilities for efficient scheduling and lubrication tracking of maintenance tasks. By offering real-time data and analytics, these solutions enable maintenance teams to make quick, informed decisions.
Teams can easily access the most up-to-date information on equipment state, previous maintenance activities, and impending repair requirements, establishing a feeling of ownership through transparency and trust in their actions.
2. Collaborative Platforms:
Software solutions often integrate collaborative features that enhance teamwork and communication. Maintenance professionals can share insights, document observations, and monitor task completion across a unified platform.
This collaborative environment ensures that everyone is aligned, knows their responsibilities, and is accountable for their role in maintaining equipment health.
3. Performance Monitoring and Alerts:
Advanced software tools enable continuous monitoring of equipment conditions via sensors and IoT integrations. Alerts for anomalies, threshold breaches, or impending failures are dispatched instantly, allowing maintenance teams to take immediate action.
This proactive approach prevents minor issues from escalating, instilling a proactive mindset essential for operational ownership.
4. Training and Compliance:
Comprehensive training modules and compliance checklists within software tools standardize procedures and ensure all team members are adequately prepared. A well-equipped, knowledgeable maintenance team is more likely to take pride in their work and ownership of their responsibilities.
Read this blog post how leadership and management skills are critical for a successful lubrication management system.
Key Metrics to Measure the Impact of Operational Ownership on Equipment Downtime
Understanding the value of operational ownership is one thing; quantifying its impact on equipment downtime is another. Key metrics to track include:
1. Mean Time Between Failures (MTBF):
MTBF measures the average time elapsed between two consecutive equipment failures. A higher MTBF indicates better equipment reliability, likely resulting from proactive maintenance and strong operational ownership.
2. Mean Time to Repair (MTTR):
MTTR calculates the average time taken to repair equipment after a failure. Reduced MTTR suggests efficient problem-solving and quicker response times, indicative of effective operational ownership.
3. Preventive Maintenance Compliance:
This metric tracks adherence to scheduled maintenance activities. Higher compliance rates often correlate with reduced downtime, as regular maintenance helps prevent unexpected failures.
4. Unplanned Downtime:
This metric directly measures unscheduled equipment outages, providing a clear picture of operational efficiency. Lower unplanned downtime is a strong indicator of effective operational ownership and proactive maintenance practices.
5. Work Order Backlog:
The number of outstanding maintenance tasks can reflect the efficiency and diligence of the maintenance team. A smaller backlog indicates timely task completion and sustained focus on equipment health.
Book a Free Demo
Enhancing your operational strategies to minimize downtime and maximize operational ownership is within your grasp. Don't miss this chance to elevate your maintenance management practices, connect with industry peers, and enhance the stability and efficiency of your operations.
To truly experience the power of Redlist's lubrication management software, we invite you to book a free demo. Our expert team will walk you through the software's capabilities, showing you firsthand how it can revolutionize your maintenance processes and foster a culture of operational ownership.
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