With the shortage of labor and supply chain disruptions, asset reliability needs to be a priority to sustain production levels, create quality products, and maintain productivity for your operations. Yet a survey of 80 large companies found that none were capturing the data required to evaluate and proactively address asset failures. NONE! These companies would be hard-pressed to implement a Failure Reporting Analysis and Corrective Action System (FRACAS).
If you are looking into a FRACAS or in the process of implementation, this article will highlight how to get started and set up your organization for success.