Mean Time Between Failure Formula And Examples For Asset Management

A clock with gears and MTBF written under it representing the mean time between failure formula.
How frequently does your equipment fail? The mean time between failure (MTBF) formula isn’t complicated—all the complexities are introduced upon implementation. However, you will need to collect the right data and analyze it correctly to yield actionable insights. Today, we will explore: The mean time between failure formulaHow to use the formula effectively (with examples)How to reduce your mean time between failure. This bullet ends with a period, and the others don’t If you need to know more, reference Mean Time Between Failure (MTBF) and MTTR: a Complete Guide. So, let's dive in and look at the mean time between...

Predictive Maintenance Technologies Driving The Maintenance Management Industry

Predictive maintenance surrounded by predictive maintenance technology terms.
According to Deloitte, predictive maintenance lowers maintenance costs by 25%. It further reduces breakdowns by 70% and increases productivity by 25%. So, it's not a surprise that predictive maintenance technologies are revolutionizing the maintenance management industry. Predictive maintenance is more than just a technology—it's an entirely new approach to maintenance management. By using machine-level data and predictive analytics, organizations identify potential problems before they occur. Predictive maintenance empowers organizations to engage in proactive maintenance strategies and preventative measures. There are two primary components to predictive maintenance technologies Hardware - Sensors used to collect machine-level data.Software - Solutions used to analyze...

Maintenance KPIs For Efficient Asset & Facility Management

Two maintenance workers tracking maintenance KPIs on a CMMS system
Maintenance key performance indicators (KPIs) are beneficial for determining ways to increase production, limit costs, and extend the service life of machines. They are frequently used to measure improvement in facility operations and may indicate ways to improve facility efficiency. By understanding these maintenance KPIs, maintenance and facility managers gain valuable information on how recent updates and future changes impact facilities and machine longevity. Today, we will discuss common maintenance KPIs, how to calculate them, the usefulness of each KPI to managers, and how LLumin's computerized maintenance management system (CMMS+) software can help improve maintenance KPIs. What Are the Most...

Top CMMS Software Companies To Consider Before You Buy

An engineer using maintenance program to manage large machines
Computerized maintenance management system (CMMS) software can automate many aspects of your operations, especially those tasks required to improve the performance of machinery and assets. From manufacturing and industrial to healthcare and facilities, CMMS software can assist with tasks such as asset tracking, employee scheduling, predictive maintenance, and more. With so many available CMMS options, navigating the various features of different software can be challenging. Today, we will discuss the top CMMS software companies and identify important pros and cons of each to help you determine the best solution for your needs.  Top CMMS Software Companies To Consider in 2022...

Preventive Maintenance in the Oil and Gas Industries: A Complete Guide

A man holding his hand under computer-generated futuristic symbols representing preventive maintenance in the oil and gas industries
Over the years, the oil and gas industries have followed consistent patterns. Oil and gas producers that limit machine failure downtime often generate increased production and success. Over time, maintenance methods within these industries have transitioned from reactive maintenance to preventive maintenance. Today we will discuss the reasoning behind this shift, the current technologies that preventive maintenance requires, and the many benefits of using LLumin’s computerized maintenance management system (CMMS+) software for preventive maintenance. Shifting to Preventive Maintenance in Oil and Gas Industries Preventive maintenance refers to the scheduled cleaning, repairing, or replacing of machine components based on machine service...

Healthcare CMMS Software Solutions For Any Medical Facility

maintenance and repair of medical equipment
Manage your facility with ease using a cutting-edge healthcare CMMS software. In today’s competitive world, running a healthcare organization requires the intelligent management of assets and services. As far as assets are concerned, the objective is to follow guidelines to ensure an error-free operation of medical equipment in the long run with minimum downtime. In this regard, a healthcare computerized maintenance management system (CMMS) software is an ideal bet for hospitals taking a 360-degree approach to address common challenges in facility management.  Challenges in Healthcare Facility Management and Maintenance Many challenges exist in healthcare facility management, including: Poor asset trackingMulti-facility...

How to Maximize Uptime by Utilizing CMMS Software

Maximize machine uptime by utilizing LLumin’s CMMS+ software
A major goal of industrial facility managers and decision makers is to maximize machine uptime (the average amount of continual running time of machines) and minimize downtime (the average amount of continual time machines are not operating). Production and profits are directly tied to machine uptime. When machines are not operating (downtime), production bottlenecks often occur, which affects production efficiency throughout the facility. Further, production issues slow order fulfillment—which may result in the loss of long-term customers and customer referrals. It is clear that maximizing uptime while limiting downtime is extremely important. However, fully implementing a comprehensive strategy on how...

Mean Time Between Failure (MTBF) And MTTR: A Complete Guide

An operator running CMMS+ software on a machine and calculating MTBF and MTTR.
The metric MTBF is the reliability of a machine. MTTR speaks to logistics required around bringing the asset back up to running status and is a metric that contributes to the criticality and consequence of the asset in an unplanned down state. Machine downtime can result in wasted labor, expensive parts and supplies usage, and loss of production at the least. Simply put, downtime is expensive. In this regard, knowing MTBF and MTTR scores can help us easily manage machine downtime and optimize our processes such that if downtime occurs, the event is as short a time period as possible....

CMMS Software Cost: A Complete Guide To Maintenance Management Software Pricing

After considering the Cmms software cost, this engineer is using the software to maximize uptime in a factory.
A computerized maintenance management system (CMMS) is a web-based application that gives industries better control over their assets, especially those critical to their operations or production processes. The software application is used to help engineers, maintenance teams, and operations managers monitor the real-time status of each machine or asset that impacts their processes and then identify and prioritize those that may lead to failure, as well as those that are approaching end-of-life based on the cost of ownership, obsolescence or other factors.  The uses and potential positive impacts a CMMS can have on an organization are endless. However, choosing the...

The Best CMMS Software for Manufacturing And Industrial Plants

best cmms software for manufacturing
Deciding which computerized maintenance management systems (CMMS) software to use is one of the most important tasks for running a manufacturing or industrial plant. The best CMMS software for manufacturing will allow operations to run efficiently while limiting costs, and it will do this in several ways, which include: Allow for organization-wide visibility and control. Integrate systems which will minimize inefficiencies in the supply chain, ensuring that the right supplies, labor, and resources are available exactly when needed. Quickly alert maintenance teams when machines are running abnormally. Automatically trigger actions and notifications when maintenance procedures and work orders are needed.Reduce equipment downtime and...

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