Accendo Reliability Webinars on the topic of Value

An Accendo Reliability recorded webinar event

Everyone ‘knows’ why we do reliability engineering … right? Customer experience. Organization reputation. Reduced warranty claims ten years from now. But these are boring reasons that really don’t motivate me to take reliability seriously now. Why should I invest so much time into an activity that benefits the ‘company’ or the ‘customer’ in the future but won’t make an immediate difference when my boss gives me a ‘gold star’ on my next performance appraisal? Besides, no one person is responsible for reliability, so any effort I invest in reliability will be ‘lost in the noise’ anyway. And, of course, reliability will increase the budget and schedule today. Right?

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An Accendo Reliability recorded webinar event

Reliable products are also green. This is a relatively simple argument: If an item is designed and built well, it lasts a long time, thus avoiding landfills. Years ago, when living in northern Bavaria, the apartment had a full bedroom set. The entire set was both beautiful and functional. When asked about the furniture, I learned it was over 300 years old.

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An Accendo Reliability recorded webinar event

If nothing changes, then nothing changes. Change happens when we decide to do something. The status quo remains if we decide to do nothing. We make decisions every day. We do it so often that it might seem like a trivial thing to do. But we so often get it wrong. We might be influenced by emotion, prejudice, time pressure, budgetary stress, or ‘mental comfort.’

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An Accendo Reliability recorded webinar event

Reliability engineers LOVE Weibull plots. They often make sense out of a bunch of seemingly random points. Or at least we feel like they make sense. Anything that turns a bunch of random points into a straight line is automatically making sense … right? Wrong. It is up to us as reliability engineers to look at Weibull plots and work out what is going on.

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An Accendo Reliability recorded webinar event

We all know that all you need to work out how many spare parts you need is to put some numbers into a computer, perhaps throw in a ‘confidence’ level as well, and use the number that the computer spits back out at you. Right?

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An Accendo Reliability recorded webinar event

If reliability engineering ends up costing you money, then you are doing it wrong. But chances are that someone you work for looks at reliability engineering as a black hole of costs. This needs to stop!

Reliability engineering is about creating value. Or money. Or more missions. Or safety. But it would help if you showed how this will happen.

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An Accendo Reliability recorded webinar event

When a product or system fails, there is a consequence. Often, there is a loss of value. Each warranty replacement costs money. Downtime may result in lost revenue. Do you know the full extent of the costs involved when something fails?

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An Accendo Reliability recorded webinar event

I define a reliability failure as something that costs your organization money. It might be a warranty expense or a lost customer. A failure may also create customer expenses, too. Let’s talk about the range of un-reliability costs and their impacts.

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An Accendo Reliability recorded webinar event

Establishing a reliability goal for a project is often done early.

You may already know the reliability goal guides the entire development and supply chain team.

Yet, what is the actual value of setting a reliability goal?

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An Accendo Reliability recorded webinar event

The investment in creating a reliable product pays dividends during the operation of the equipment or system.

The ability to estimate future savings or costs based on reliability engineering is key. Minimizing lifecycle cost occurs with reliability.

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An Accendo Reliability recorded webinar event

Let’s explore finding value of reliability tasks and how to articulate value in business terms of those reliability activities.

Estimating the return on investment for risk assessment or accelerated testing can help you justify the investment in these and similar tools.

This webinar discusses the importance of estimated value and helps you discover and state the value of common reliability activities.

Put a number on the value of reliability tasks that you bring the organization with your reliability work.

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