Machine breakdown is the most undesirable thing to happen to any infra-asset intensive organization. Expensive by far, most of us measure the downtime cost as a combination of the expenses involved in its repair and those paid to the asset operator. These being the direct and most visible cost are immediately taken into account as we take a mental note of the loss being suffered with respect to the downtime.
What about the indirect costs? And they not worthy of calculation or are they too cumbersome to be figured out?
Often immeasurable and much heavier than the direct costs, the indirect costs of asset downtime weigh down the asset owners by their magnitude. As they exist in a disguised form and are extremely difficult to be statistically evaluated, they also tend to be neglected by the industry. The irony is that they have a greater negative impact on organizational performance than the direct costs.
The above costs, though hidden are multi-fold when compared to the direct costs and have a much larger impact on company’s overall performance.
Can the above costs be saved? Would it mean saving a lot of money, higher profits and improved reputation? Yes, with predictive and preventive maintenance these can be achieved. The steps involved include:-
TappetBox, an infra-asset management solution features all the above benefits and much more. An easy to use cloud based application; it has been designed keeping the Indian asset environment in mind. It caters to the tiniest aspect of your asset, identifies glitches in time and ensures that they enjoy good health.
Now you can expect optimal asset performance throughout its lifecycle and ensure that you minimize the downtime costs- both direct and indirect. To explore the possibilities further, click here.