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by Christopher Jackson Leave a Comment

Business lessons from the European Super League atrocity

Business lessons from the European Super League atrocity

Good business isn’t knowing the cost of everything and the value of nothing

(Association) football (or ‘soccer’ in some countries) is the world’s most popular sport. Most professional leagues (especially in Europe) have different tiers of competition where the bottom performers of one tier are ‘relegated’ to the next tier down at the end of each season, while the top performers of each tier are ‘promoted’ to the next tier up. This means that any club could feasibly work its way to the top tier of every league. [Read more…]

Filed Under: Articles, on Product Reliability, Reliability in Emerging Technology Tagged With: Business, value

by James Reyes-Picknell Leave a Comment

Cost Control or Value Generation?

Cost Control or Value Generation?

If you can’t sell all you can produce, then reducing costs is often the only way to improve margins, but that simplistic accounting perspective is not always the case.

Cost control is often thought to be key to attaining profitability but it the case of maintenance it can get you into trouble.

Cost control can have a big opportunity cost if you don’t take advantage of the opportunities you have. [Read more…]

Filed Under: Articles, Conscious Asset, on Maintenance Reliability Tagged With: cost control, James Reyes-Picknell, value

by Fred Schenkelberg Leave a Comment

10 Ways to Find Reliability Value

10 Ways to Find Reliability Value

Most everyone agrees that improving a product or process reliability is a good thing. It’s good for customers, factories, and our business. And sometimes it’s difficult to answer the question,

‘What is the value of that reliability activity?’

What if your boss asks you what value you provide to the organization? Your answer may to harder to compose than you think.

How would you quantify your skills, experience, and knowledge and your role within the complex formal and informal working environments? [Read more…]

Filed Under: Articles, Musings on Reliability and Maintenance Topics, on Product Reliability Tagged With: value

by Kirk Gray Leave a Comment

For Maximum Test Value, Take it to the Limit!

For Maximum Test Value, Take it to the Limit!

When we go to an automobile race such as the Indianapolis 500, watching those cars circle the track can get fairly boring. What is secretly unspoken is that everyone observing the race is watching for a race car to find and sometimes exceed a limit, finding a discontinuity. The limit could be how fast he enters a curve before the acceleration forces exceed the tires coefficient of friction, or how close to the racetrack wall, he can be before he contacts it and spins out of control. Using the race analogy, [Read more…]

Filed Under: Accelerated Reliability, Articles, on Product Reliability Tagged With: HALT, MTBF, testing, value

by Fred Schenkelberg 1 Comment

What is the Link between Reliability and Brand?

What is the Link between Reliability and Brand?

In short, you probably do, better reliability performance the better the brand image.

When I’m making a purchase I prefer to buy items that I either have personal experience work well over time (reliable) or have many comments and reviews noting the durability.

As a reliability engineer, I am often asked what kind of car I drive (a Toyota Highlander, if must know). Reliability does matter -not only to me- it matters for many making a buying decision.

When a product’s actual reliability performance exceeds the customers expected reliability performance, the customer may consider the product reliable. This experience builds and when supported by other experiences from the same brand, increases brand equity. High brand equity permits a price premium, increased brand loyalty, and increased positive word of mouth support. [Read more…]

Filed Under: Articles, Musings on Reliability and Maintenance Topics, on Product Reliability Tagged With: value

by Fred Schenkelberg 1 Comment

Successful Reliability Engineers Add Value

Successful Reliability Engineers Add Value

Value is:

the regard that something is held to deserve; the importance, worth,
or usefulness of something. [1]

As a reliability engineer, we work across the organization to bring a reliable product to market. The value of meeting the customer’s reliability expectations results in customer satisfactions, increased sales, and in some cases premium pricing.

We want a reliable product.

[Read more…]

Filed Under: Articles, Musings on Reliability and Maintenance Topics, on Product Reliability Tagged With: value

by Fred Schenkelberg Leave a Comment

Success as a Reliability Engineer

Success as a Reliability Engineer

Whether by design or by accident some of us become reliability engineers. Making a career in reliability engineering relies on your ability to make a difference and to add value. Being successful as a reliability engineer, while creating reliable products, permits continuation and growth as a reliability professional.

[Read more…]

Filed Under: Articles, Musings on Reliability and Maintenance Topics, on Product Reliability Tagged With: professional development, value

by Fred Schenkelberg 2 Comments

11 Ways to Find Reliability Value

11 Ways to Find Reliability Value

Most agree that improving products or process reliability is a good thing. It’s good for customers, factories, and our business.

And, sometimes it’s difficult to answer the question,

What is the value of that reliability activity?

Years ago my boss asked me what value I provided the organization. Working as a reliability professional, I thought that my value was obvious. He asked me to show the value.

It was harder than I thought.

[Read more…]

Filed Under: Articles, Musings on Reliability and Maintenance Topics, on Product Reliability Tagged With: value

by Fred Schenkelberg Leave a Comment

Increasing Value

Increasing Value

Value for any business activity is a guiding principle to stay in business.

While not always about money, it is about value. We invest in product design and distribution, plant design and operation, to realize a benefit or return on the investment which makes the investment worth the effort and time. Same with our individual work- we endeavor to make a difference and realize not just a paycheck, (well some do). Increasing value is our responsibility as reliability professionals.  [Read more…]

Filed Under: Articles, Musings on Reliability and Maintenance Topics, on Product Reliability Tagged With: value

by Fred Schenkelberg 3 Comments

Reliability Value

Reliability Value

What is reliability management? Reliability Engineering? Would a product design or an organization benefit with a focus on reliability management and engineering? What is the value of a focus on reliability?

Any organization, that develops and produces products, has resource limits. It may be talent, capabilities, time, funding, or some combination of these. Yet, the goal to create a product that meets customer expectations includes the concept of product reliability. The product should provide the expected functions over time, without failure. This expected product reliability occurs, even if the design requirements and advertising do not explicitly mention product reliability. [Read more…]

Filed Under: Articles, Musings on Reliability and Maintenance Topics, on Product Reliability Tagged With: value

by Fred Schenkelberg 3 Comments

Good Mind

Good Mind

It is not enough to have a good mind; it is more important to use it well. — Descartes

Learning and Value

Over the past week, I’ve received a couple of questions about the pursuit of a graduate degree in reliability engineering and about preparing for the CRE. One question was particularly interesting – how will a reliability engineering graduate degree or CRE help my career? [Read more…]

Filed Under: Articles, CRE Prep, CRE Preparation Notes, Reliability Management Tagged With: Benefits of reliability engineering, value

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