True Downtime Costs Analysis - 2nd Edition

True Down Time Cost Analysis - 2nd Edition eBookESBN: F36-047B-2151-10B2 Description:True Downtime Costs Analysis focuses on costing methods and techniques that quantify activities that previously fell under the indirect cost definition, like the hidden cost of outsourcing, warranties, etc. This technique is necessary for bottleneck management in piece manufacturing and other industries. Authors Don Fitchett and Mike Sondalini coauthor the extension of the original eBook "The True Cost of Manufacturing Downtime" (ISBN 1-933047-15-1).
This second edition includes an action plan to utilize existing shop floor data collection to monitor manufacturing processes and associated costs. 'True Downtime Cost Analysis (TDC)' is the final piece to the lean manufacturing puzzle and a great cost justification tool for maintenance managers and production managers, right up to general managers, to make changes in their operations that move their companies toward using better practices. The OEE and TEEP chapter discusses this benchmarking process tool from a return on capital employed (ROCE) point of view.
In line with this eBook's "True" perspective, the authors clarify using OEE and TEEP properly. The action plan chapter ends with a detailed example plan followed by an additional example of implementing TDC in your facility to its fullest extent. "The TDC method used reveals many cost-saving opportunities that would not be evident using standard time and material cost tracking methods that hide many costs under the indirect cost definition." Extracts and summaries from this 101-page eBook have been published as industrial engineering articles in many engineering and management journals and industry websites worldwide. (Control Engineering, Instrumentation and Control Journal, Facilities Engineering Journal, Pumps & Systems Magazine, Pharma Manufacturing Magazine, Hong Kong Engineer, and more ...)