How Downtime Impacts Manufacturing

Accurate and real-time management of your critical manufacturing components is vital to your business. Without it, you could experience one of the worst things to happen to your operations - unplanned downtime. When production unexpectedly stops, your lost revenue is 15x more than a scheduled downtime. And considering that asset maintenance can run as high as $3 million per incident, your unplanned downtime could decimate your profit margin depending on your industry. For example, the average automotive manufacturer loses $22K every...

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