The High Costs of Production Losses
In November, Bill Roper received a call from a concerned customer with a failed gearbox. This was a large obsolete gearbox that is coupled to a rubber extruder that mixes a special compound, supplied to other facilities. Bill asked if the Springfield division could commit the manpower to this overtime job and we accepted the challenge. The customer stated that his company was losing $550 every 15 minutes that this extruder was down. So that is $2,200 per hour, $52,800 per day and $369,000 per week! Needless to say, this was a full overtime job, worked around the clock. The customer [...]
