At its core, downtime tracking is about providing you with the insight you need to make the best and most informed decisions possible, no matter what. While a lot of businesses have been embracing downtime tracking for years, so many of them still insist on doing things “the old fashioned way” – meaning manually, by hand, or at best using a generic program that was never really designed for that purpose in the first place.
Not only is this a mistake… but this also puts your business at a significant disadvantage during a time when you probably can’t afford it.
The Problem With the “Old School” Approach to Downtime Production Reporting
If you want to put yourself in a position where you always know the efficiency of your entire production line, there are a massive number of things that you need to start tracking immediately. Shift start and end times. Efficiency percentages. The number of finished goods that were produced versus the number scheduled. The overall downtime for each piece of equipment. The list goes on and on.
But once you start collecting that data, you also need a way to store it. If you’re still doing things “the old-fashioned way,” you’re probably doing it by way of an Excel spreadsheet or similar resource. With so many moving parts and with conditions changing almost constantly, simply keeping track of all this can quickly become a full-time job – which is a problem, since you already have one of those monopolizing the majority of your time.
Then, you need to be prepared to dive beneath the data itself – uncovering the true story hidden underneath. This means wading through those spreadsheets to try to figure out how efficiently your line is producing each product. This means adjusting the efficiency calculation to take into consideration changes that you’ve made to employees or other resources. This means figuring out the cause, length, and frequency of downtime events, all in the name of uncovering your biggest source of downtime as quickly as possible.
If all of this sounds equal parts time-consuming and frustrating… that’s largely because it is. But the good news is that with an automated downtime tracking solution like Thrive, this ISN’T the way it has to be any longer.
The Power of Automated Reporting: A Brave New World
Thrive’s innovative algorithm takes the data your production lines are already creating to uncover real-time visibility in a matter of minutes. You can see the impact on uptime and production that each downtime event will have if you proactively fix it, all before you ever actually do anything. Not only can you uncover the types of insights you need to prioritize equipment maintenance, equipment purchases and other actionable steps by their expected results, but you can do so IMMEDIATELY.
All of this segues into the most important benefit of all in terms of automated reporting: it frees up as much of your valuable time as possible so that you can focus on those matters that really need you.
If you’d like to find out more information about why automated production reporting is critical to your continued success as an organization, or if you just have any additional questions that you’d like to go over with someone in a bit more detail, please don’t delay - contact Thrive today.