True Downtime Costs Analysis - 2nd Edition
EBook By Don Fitchett and Mike Sondalini
Costing methods & techniques for manufacturing processes to offer the greatest return on capital employed (ROCE).
Downtime Cost Sample - Contents
True Down Time Cost Analysis - 2nd Edition eBook
ESBN: F36-047B-2151-10B2
Description:
True Downtime Costs Analysis focuses on costing methods and techniques that quantify activities that previously fell under the indirect cost definition, like the hidden cost of outsourcing, warranties, etc. This technique is necessary for bottleneck management in piece manufacturing and other industries.
Authors Don Fitchett and Mike Sondalini coauthor the extension of the original eBook "The True Cost of Manufacturing Downtime" (ISBN 1-933047-15-1). This second edition also includes an action plan to utilize existing shop floor data collection to monitor the many manufacturing processes and associated costs.
'True Downtime Cost Analysis (TDC)' is the final piece to the lean manufacturing puzzle and a great cost justification tool for maintenance managers and production managers, right up to general managers, to make changes in their operations that move their companies toward using better practices.
The OEE and TEEP chapter discusses this benchmarking process tool from a return on capital employed (ROCE) point of view. In line with this eBook's "True" perspective, the authors clarify the proper use of OEE and TEEP. The action plan chapter ends with a detailed example plan followed by an additional example of implementing TDC in your facility to its fullest extent.
"The TDC method used reveals many cost-saving opportunities that would not be evident using standard time and material cost tracking methods that hide many costs under the indirect cost definition."
Extracts and summaries from this 102 page eBook have been published as industrial engineering articles in many engineering and management journals as well as industry websites worldwide.
(Control Engineering, Instrumentation and Control Journal, Facilities Engineering Journal, Pumps & Systems Magazine, Pharma Manufacturing Magazine, Hong Kong Engineer, and more ...)
Email with download link sent immediately after purchase.
Price: US$29.95
Table of Contents
- Introduction to True Downtime Costs (TDC) - Sample
- Getting Started with OEE and TDC.
- Prioritize:
- Analysis:
- Set up OEE and TDC Plant-Wide
- Overview Of The Metrics
- Cost Factors Overview
- A Closer Look at Equipment Categories
- Cost
- Data Collection
- People
- Product
- Start-up
- Bottleneck-Factor
- Sales Expectation
- A Closer Look at Labor Categories
- Labor Per Product (LPP)
- QC Labor
- Maintenance Labor
- Engineering Labor
- Management Labor
- Overhead
- Manufacturing Cost
- A Closer Look at Downtime Categories
- Maintenance Time
- Maintenance Reduced Production
- Scrap Cost
- Band-Aid
- OEM, Outsourcing Service Contractor, Consultants
- OEM Metrics
- Machine Tooling Cost
- Maintenance Parts and Shipping
- Understanding Overall Equipment Effectiveness (OEE)
- Benefits of Using Overall Equipment Efficiency
- Benefits of Using True Downtime Cost
- Setting OEE base lines (Goals)
- The Right Way to Use Benchmarking
- Total Effective Equipment Productivity (TEEP).
- Where to start with TEEP?
- Standards for Downtime Factors
- Using TDC Metrics to Make Decisions
- Use a Recognized, Open Data Sharing Standard
- What is the True Downtime Cost (TDC)?
- Hidden Costs Unearthed and Revealed With TDC
- Looking For The Overlooked!
- Equipment Cost Categories (Constants)
- Labor Cost Categories (Constants)
- Downtime Cost Categories (Occurrence)
- Action Plan
- Overview of the Action Plan
- Steps along the Way
- Implementing Automated Data Collection
- Motivating Management
- See True Savings Resulting From The Programs You Implement
- Motivating Employees
- Utilizing TDC in Daily Decisions
- Resource Chapter
- Frequently Asked Questions
- Glossary
- Appendix
Besides the PDF sample download link above, here is another glimpse inside this book.
Equipment Categories: Bottleneck-Factor excerpt:
A corrugator is an easily identifiable bottleneck because the entire facility is downstream. So companies will run it at top speed (not necessarily the most efficient speed), with a speed indicator in the production manager's office.
The material will flow through a single strapper or conveyor in many of those facilities. Still, these other bottlenecks do not get a tenth of the investment of resources that the corrugator does. In this example, the facility has become a push production process, with storage, scrap, multiple handling, labor, etc., being the buffer and causing profit loss.
With TDC, the question would no longer be, "How can we have record production rates off of the corrugator while reducing staff, quality, safety, and costs?" Instead, it becomes, "How can we draw through the maximum production from the plant with the highest quality, safety, and profits?"
Other bottleneck examples, like an air compressor, are only realized in the day-to-day management decisions once the unrecognized bottleneck shuts down the facility or a large portion of it.
Email with download link sent immediately after purchase.
Price: US$29.95
Related Titles:
Automated Data Collection Whitepaper
The Japanese Path To Maintenance Excellence
Maintenance Policy and Procedures Manual
How to SMASH Maintenance Advisor e-book
