What Is Asset Lifecycle Management? Best Practices & Strategies
Proper asset lifecycle management makes it possible for your organization to operate at peak efficiency. Asset lifecycle management (also known as lifecycle asset management) [...]
Critical Spare Parts Management: Best Practices
Successful parts inventory management involves a lot of careful balance, especially when it comes to critical spares. On one hand, keeping too many component [...]
What Is Mean Time Between Failure (MTBF)? Formula & Example
Mean time between failure is a crucial metric for any industry where equipment failure can lead to costly downtime, compliance issues, or safety concerns. [...]
What Is Criticality Analysis? Use Cases & Examples
What is Criticality Analysis? Criticality analysis is a systematic approach to evaluate and prioritize assets based on the severity and likelihood of potential failures. [...]
Total Productive Maintenance (TPM): A Guide
Introduction to Total Productive Maintenance (TPM) Total productive maintenance (TPM) is a maintenance strategy for achieving near-perfect production with no breakdowns, item defects, unplanned [...]
MTTF vs MTBF vs MTTR: Key Failure Metrics Explained
The Role of MTBF, MTTF, and MTTR in Maintenance Performance Metrics Mean Time Between Failure (MTBF), Mean Time To Failure (MTTF), and Mean Time [...]
OEE Calculation: Meaning, Formula, and Examples
What is Overall Equipment Effectiveness (OEE)? Overall Equipment Effectiveness (OEE) is a metric that is used to measure the productivity of an individual asset [...]
What is Process Failure Mode & Effects Analysis (PFMEA)?
What Is Process Failure Mode Effect Analysis (PFMEA)? Process failure mode and effects analysis (PFMEA) is an essential tool in industries where process reliability [...]
P-F Curve Explained: Definition and Explanation
What Is a P-F Curve? The P-F curve is a graph that helps visualize an asset’s condition to determine its practical lifespan. The most [...]
What is Scheduled Maintenance? Types, Examples, Software
What Is Scheduled Maintenance? Scheduled maintenance is any planned repair or service task performed within a specified timeframe. This includes routine inspections, adjustments, and [...]