The Long-Term Benefits of Implementing a Downtime Tracking Solution   

Believe it or not, there are still people who are skeptical as to the value of downtime tracking software. “I know whether or not my equipment is running,” they say to themselves. “I have eyes. What do I need that type of tool for?” 

Yes, downtime tracking is a great way to provide real-time equipment performance tracking. But the long-term benefits are so much greater than that – especially as your business continues to grow and expand in the future. 

The Major Advantages of Downtime Tracking: Your Overview 

Possibly the biggest long-term benefit of implementing a downtime tracking solution has to do with how you’re never more than a few quick mouse clicks away from a total road map of all equipment performance across your business. It’s so simple to compile this information that you can easily do so right before your morning meeting as you’re still having that fresh cup of coffee. 

But this is about more than just convenience, of course. If you know exactly how your equipment is performing (and can compare the current status to historical data), you can identify poor performing equipment almost instantly. Then, you can hand that insight off to your maintenance team so that they can prioritize their own activities throughout the day in a more efficient way. You can see how minor and even major actions will impact production, thus informing your maintenance team about what is a high priority for the day and what can be pushed off down the road a bit. 

Speaking of historical data, this is another one of the most significant long-term advantages of implementing a downtime tracking solution like Thrive – it actually gets more invaluable and more insightful the longer you use it. 

With historical performance charts, you can track your equipment’s performance by individual machines or by entire lines over a period of days, weeks, months or even years. This is a great way to see how your overall equipment effectiveness changes over time. You can also see the results of actions you’re taking in the present day and watch as your entire business trends towards reduced downtime and increased efficiency. 

Plus, with company-wide reporting, you can manage multiple locations within the same business from the Thrive dashboard – even if they’re all spread out across the country or even the state. You can easily compare lines that produce the same product to find plants that can accept more volume, as well as quickly identify those that are underperforming. Are you looking at a situation where one plant needs a bit more training? Is it simply a matter of people being forced to make do with outdated technology that could easily be upgraded? Do you need more standardized practices to keep things running smoothly? 

A downtime tracking solution can help you answer all of these questions and more, which is why this is one investment that is absolutely worth making for your business. 

If you’d like to find out more information about the undeniable long-term benefits of implementing a downtime tracking solution, or if you’d just like to discuss your own needs as a business with someone in a bit more detail, please don’t delay - contact Thrive today.