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Fundamentals of Risk

Fundamentals of Risk

An Introduction, Basic Definitions, and Overview of a Risk Management Framework

Risk is borne from uncertainty. The reliability performance of your product line and individual products is uncertain. Identifying and understanding the risks involved helps your team mitigate reliability performance risks.

An obvious risk and common question when developing a new product involves the field failure rate. If the failure rate is too high, it may dissuade customers from buying the product. If too low, we assign funds unnecessarily to cover unrealized warranty expenses. [Read more…]

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65 – CMMS Implementation Pitfalls with Scott Rojas

CMMS Implementation Pitfalls with Scott Rojas

CMMS is the best way to ensure better performance of your assets and organizations tend to buy systems like that because they want to automate their job processes to monitor and control the performances closely. Putting together a team of experts is a good way to do your need analysis. The selection and implementation process depends on the experience of that team because there are a lot of CMMS available in the industry. Your team is going to help you select, design, and configure those systems depending on your requirements and purposes. The needs in some cases could be that you want to integrate the CMMS with other systems they have in place. The Mobility Solutions are what most of the organizations want now.
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64 – What is TPM with Greg Folts

64 – What is TPM with Greg Folts

What is TPM with Greg Folts

TPM or Total Productive Maintenance is a partnership between all those people who are responsible for the equipment that includes maintenance, operations, and engineering departments, usually to take better care of the equipment. The goal here is to select the best assets and maintain them properly in order to get optimal performance. There are five pillars of TPM and these are:
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Reliability Integration into the Product Development Process

Reliability Integration into the Product Development Process

Enhancing Reliability Integration into the Product Development Process

One of the more significant challenges for reliability engineering in product development is the complete execution of the planned reliability process in product development. The reliability tools and techniques outlined in the product plan are often skipped or delayed, minimizing the opportunity for outputs to fully impact the program and product. [Read more…]

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63 – The Importance of Storeroom and Spare Parts with John Ross

63 – The Importance of Storeroom and Spare Parts with John Ross

The Importance of Storeroom and Spare Parts with John Ross

Storing the right parts in your storeroom at the right time and in the right quantity is always effective. Storerooms are very important to a company’s survival in the long run so they should be managed at the core competency level of our businesses. The fact is that there is no way your maintenance and reliability operation is going to be successful without an effective spare parts management strategy and well-maintained storeroom. Not every organization is has a good storeroom and there can be a different number of reasons for that. They may be good at other things and they don’t pay attention to spare parts because they have a limited budget or just don’t value it that much.
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62 – Workforce Survey with Tom Wilk

62 – Workforce Survey with Tom Wilk

Workforce Survey with Tom Wilk

This episode is based upon the workforce survey conducted by plantservices.com back in 2015 and now again in 2017. These surveys were done to know more about the workforce concerning issues that the professionals face during a change in technology, media, and external environment. These surveys are actually to help industry leaders and managers to get a better insight about their concerns regarding recruitment, training, and finding career opportunities. In this survey the respondents were divided into groups but most of the respondents lay in two major categories—Boomers were 49.8% and Generation X at 39.3%– based on the generational distinction.
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