Operations and revenue come grinding to a halt whenever unexpected machine downtime rears its ugly head. As a maintenance manager, estimating just how much machine downtime costs your company per hour is critical; armed with that knowledge you can create a strong business case for investing in a maintenance management system. By automating preventive maintenance and being data-driven with predictive capabilities, managers who get the most out of modern CMMS features can easily increase machine uptime and streamline operations within their department. Have you ever wondered just how much downtime costs your organization on a weekly, monthly, or annual basis?
To learn more about the cost of machine downtime, we spoke with Taylor Short, CMMS market researcher at Software Advice, a website where buyers can evaluate and review maintenance management software, about a tool that they introduced for calculating downtime costs.