Downtime consultants say that almost every factory loses at least 5% of its productivity due to downtime, and many lose as much as 20%. To make things more complicated, 80% of companies are unable to correctly calculate their true downtime costs.
To estimate what downtime costs your company, TPC Training has provided this Factory Downtime Cost Calculator. Fill in the metrics in the right-hand column to see your results below.
The best way to avoid downtime and avoid downtime costs is by improving the skills and knowledge of your employees. A well-trained employee is better able to help your company avoid situations that can cause downtime.
TPC Training has hundreds of live, instructor-led courses and self-paced digital online courses that can help keep your employees safe, save downtime costs, and keep your factory running.
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