Defect and Failure True Cost (DAFT management Ebook)
Defect and Failure True Cost (DAFT management), explains costing methods using risk based decision making. The defect and failure cost and deciding equipment criticality are discussed with respect to business profitability and as waste reduction tips.
When your business, operation or department is not producing the profit it should, it is highly likely that there is great waste occurring. There will be numerous business process failures. Possibly even no organised processes at all. This book is about identifying and recognising the cost of
waste, lost-value and non-value. Once you discover where it is hiding you can deal with it sensibly.
As important as it is to find the waste you already have, this book can also stop waste from getting into your business. You will learn of a simple method to spot waste and non-value early in your plans when it is most easily prevented. What you learn in the pages of this book should be passed onto all managers and supervisors in your operation. Give them a ‘tool’ to spot the waste all around them and to act quickly to stop it. If you do that, your organisation will start churning-out strong profits.
Here are some headlines from national publications published within a six week period...
“$30 Million Refinery Glitch Stalls Fuel Users – No Petrol for 2 Weeks”
“Liquefied Natural Gas Project Back On Track after Production Train Repairs - $300 Million
“Refuelling Problems Delay $250 Million Terminal Operation – Jet Fuel Pipes Contaminated”
“330 Hospital Patients Suffer Cold Winter Showers for Two Days – Risk of Spreading Infection”
Defects and failures can send companies bankrupt. Vast sums of money can be lost when
things go wrong. The failures noted above cost business hundreds of millions of dollars. Had the contaminated jet fuel pipe not been discovered it could have cost hundreds of lives.
These failures made it to the news. How many failures do not make the news? How many
failures happen in your company that should not occur?
Download this DAFT Cost Management Ebook Today!