When considering the ways in which manufacturers can ensure their equipment remains in the best condition possible, there are a few different maintenance strategies they follow. Reactive maintenance, preventive maintenance, and predictive maintenance are a few of those strategies. Most manufacturers will draw upon some combination of these methods, although each strategy is not created equally. An approach that relies heavily upon reactive maintenance, for instance, will prove extremely costly in the long run, as equipment downtime will accumulate, repair costs will balloon, and equipment lifespan will be severely curtailed.…
Month: March 2023
Supply Chain Shortages and Its Impact on Manufacturing
While the supply chain and its fluctuations are often something that manufacturers can only speculate, their equipment health is something they can directly control. As equipment functionality is critical to all operations, it’s important to recognize that when a supply chain is teetering, the risk of a system failing makes it even more challenging to operate efficiently. That is why it is critical for organizations to prioritize inspection, maintenance, and modernization services for many of their in-house systems. That includes implementing a comprehensive plan for addressing all equipment functionality on…
The Importance of Self Awareness in Leadership and Tech
When Daphne (not her real name) came to me with her business idea she had great projections and ideas of the ideal team structure. But in our session of leadership coaching in London I asked her why she was doing this. She talked about profit and success and that was great but these were clearly motivations handed down to her from society, and didn’t come from her internally. When I asked, repeatedly, what would success in this business do for her, her rehearsed polished answers soon floundered and it became…