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When Run to Failure Isn't an Option

How 3 Organizations Succeeded by Developing Proactive Preventative Maintenance Strategies & Managing Compliance

According to the McKinsey Global Institute, manufacturing companies could achieve up to 50% lower costs in product development and up to 25% lower operating costs if they can deploy the potential of their data.

Leveraging preventive maintenance begins and ends with data. It helps you lower product development and production cost, improve gross margins and add to your competitive advantage.

According to Warranty Week, cost savings and competitive advantage from reducing liability claims, unplanned maintenance, and recalls can account for 1-10% of global industrial revenue! 

Discover how Minitab Statistical Software and its data analysis tools including probability plots, parametric growth curves and Regression with Life Data models helped three organizations proactively develop preventive maintenance strategies.

 

Reducing risks and consequences-The secret of reliable, compliant products_Minitab

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Product Reliability:

Reducing the Risks and Consequences for You and Your Customers

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Product Failure

Product, system or equipment failures result in downtime and increase in customer service volume.To tackle these problems, organizations have to handle unplanned maintenance, which has a direct impact on teams' efficiency and bottom line.

What if you could proactively prevent product failure?
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Warranty Costs

Product returns during warranty period result in costly shipping and repairs.

To avoid damaging the brand and maintain customer satisfaction, businesses often decide to replace defective products.

What if you could accurately predict your product shelf-life?
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Liability Claims

A lack of compliance can result in costly consequences, customer churn and litigations.

To prevent the risk of liability and customer dissatisfaction, companies enforce product safety recalls.

What if you could identify potential failure modes in components, assemblies, subsystems and systems?

One thing all of our clients share: Their commitment to excellence.
Our goal: To help them achieve it.

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tmobile
sony
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johnson
bayer
ford
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Accenture icon
Comcast icon
tmobile
sony
jetblue-airways-logo
johnson
bayer
ford
Royal Caribbean icon
Penn State icon
Accenture icon
Comcast icon
tmobile
sony
jetblue-airways-logo
johnson
bayer
ford
Royal Caribbean icon
Penn State icon
Accenture icon

Predict and prevent product failure with Minitab's Solutions Analytics™

You can make use of reliability analysis tools from Minitab to estimate product, system, service lifetime and potential failures.

Quality by Design and Failure Mode analysis tools can help you to accelerate time to market, design reliable products and identify risks of failure.

Analytics to calculate your product reliability
Problem solving, Quality by Design and Simulation tools to design reliable products

Ready to Discover Minitab Solutions Analytics?