Define what equipment reliability means and why it is important
What does equipment reliability mean in your organization? Why is it important?
To many, it is no more than an equipment downtime reduction effort. However, equipment reliability improvement involves more than that. True, there are the twin goals of (1) downtime frequency and (2) downtime duration reduction.
Improvements in both areas lead to an increase in the mean time between failure (MTBF). Such gains help reduce process costs. Plus, these gains improve product / service quality.
Also, an effective equipment reliability process includes a focus on process output optimization while the process (equipment) is online. However, all three goals are lagging indicators that improve as asset health improves.
You can use indexes and trends to measure asset health across multiple performance areas, such pressure, speed, and temperature. Asset health indexes improve as a result of effective indicator monitoring, coupled with the implementation of improvement projects that address high risk failure areas.