The Cost of Downtime in Manufacturing

Peggy unpacks the numbers that show the cost of downtime in the manufacturing industry, saying organizations need to treat reliability as a core business strategy. She says we need to start taking a proactive approach to downtime prevention and leverage AI (artificial intelligence) and the IoT (Internet of Things). She also discusses: How many U.S. manufacturers were hit by unplanned downtime in the past year. How much money of lost capital there is every week. How many say their companies take a reactive approach to maintenance. http://peggysmedleyshow.com