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Glossary

Get Your Maintenance Management Terminology Down!

True Downtime Cost

True Downtime Cost is the total cost of a machine or system failure, including both direct and indirect costs. Direct costs include the cost of labor, parts, and materials needed to repair the machine or system. Indirect costs include lost production, lost sales, and lost customer satisfaction. True downtime cost also includes the cost of preventive maintenance, which can help reduce the likelihood of a machine or system failure. True downtime cost is an important metric for maintenance operations and management, as it helps to identify areas of improvement and prioritize maintenance activities.

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Our Blogs

Imagine walking into an office where every square foot is optimized for productivity, ...

23 Jul 2024

Introduction A Computerized Maintenance Management System (CMMS) is a software solution ...

19 Jul 2024

Introduction Computerized Maintenance Management System (CMMS) software is a powerful ...

17 Jul 2024

Introduction Maintenance managers are constantly challenged by ever-increasing production ...

12 Jul 2024

Introduction: Computerized Maintenance Management Systems (CMMS) have emerged as ...

12 Jul 2024

Introduction Computerized Maintenance Management Systems (CMMS) have become essential ...

10 Jul 2024

Introduction Small businesses are defined as organizations with at most 100 employees. ...

9 Jul 2024

Introduction: In today's fast-paced and technology-driven world, businesses constantly ...

8 Jul 2024

In modern business operations, CMMS plays a pivotal role in maintaining assets, managing ...

30 Jun 2024

Maintaining a church is akin to caring for a well-loved home. Just as regular upkeep ...

28 Jun 2024