E141: Hidden Costs of Equipment Downtime

In this episode, I discuss a big opportunity to improve success in your manufacturing facility, reducing equipment downtime.Most people are only focused on the lost labor when equipment isn't running, but what about the lost opportunity to produce valuable products that could be sold to a customer?If you're looking for a good improvement project, collecting data on your downtime and calculating these costs might uncover a potential project you can work on.Learn more about BPIVisit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.leansixsigmaecosystem.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to access free courses and templates, or upgrade for premium content and coaching programsVisit ⁠⁠⁠⁠⁠⁠⁠⁠https://www.biz-pi.com⁠⁠⁠⁠⁠⁠⁠⁠ to learn more about me and my consulting firmVisit ⁠⁠⁠⁠⁠⁠https://greenbeltcertification.com⁠⁠⁠⁠⁠⁠ to learn how to get Lean, Green Belt or Black Belt training and certification for you or your organization