When it comes to optimizing operations, inefficiencies such as unplanned stops and unclear root causes remain persistent challenges. It’s no secret that downtime and lack of clarity in the root-cause analysis process leads to significant financial losses each year.
LineSpex provides an innovative solution to help combat these problems. Our system uses high-definition, industrial grade cameras strategically connected to your equipment and Programmable Logic Controller (PLC) data to give you unmatched visibility into your operations. With LineSpex, you can instantly see overlay video recordings of the exact moments that downtime events occur and perform detailed root cause analysis.
LineSpex is already being used by leading manufacturers globally such as Procter & Gamble, Nestle, Unilever, and Coca-Cola. Our solution isn’t just for huge enterprises; Companies of all sizes use LineSpex to increase efficiency, reduce downtime, and boost their bottom line.
The Cost of Downtime and Inefficiency
Every minute of downtime or inefficiency comes at a steep cost. The exact cost of downtime varies by industry, but it’s clear that time and productivity losses have a direct financial impact. Some industries experience losses in thousands of dollars per minute.
Common causes of downtime include:
- Machine failures or malfunctions
- Material defects
- Operator errors
- Lack of maintenance
- Process adjustments
Pinpointing the exact root cause is difficult without proper analytics. As a result, manufacturers struggle to prevent recurring issues.
The most frustrating part is that the causes of downtime often go unidentified. Without clear data, manufacturers are left guessing as to what interrupted operations and how to fix it.
Some specific challenges manufacturers experience include:
- Scrapped product from not catching issues early.
- Lost revenue from production delays.
- High maintenance costs from improper equipment use.
- Poor allocation of resources when root causes are unclear.
- Low employee productivity and morale.
The bottom line? Downtime and inefficiency cost manufacturers millions each year. Pinpointing and addressing the root causes of interruptions is key to increasing productivity and profits.
Stay tuned for our next blog post!