
When a product or asset works as it’s expected for as long or longer than expected, we often consider it reliable.
Consumers around the world look for reliable products and services. Some will pay a premium with the desire to obtain failure free value from the purchase. When designing a product or service we often want to create the most reliable item within the constraints of time, resources, and cost. Designers and engineers may add margin or safety factors into calculations and decisions to avoid failures.
Many of us have heard that fixing a design is orders of magnitude less expensive early the product lifecycle. Product recalled or major failures can damage profits and brand image.
Here are three ways you can invest in improving product reliability. [Read more…]