ATS: Using Criticality Analysis to Optimize Your Operations
Your products will come out on top, of course, but the machinery and equipment that ensure their production and quality are likely to be a close second. Conducting a criticality analysis is largely about prioritizing and focusing time and effort on the capital equipment assets you’ve determined to be the most important in your operation. When they become damaged or unavailable, they will have a greater degree of severity on your production. The criticality of an asset is determined by different factors, including its impact on product quality and ability to cause long-term disruptions. Obsolescence risks also play a crucial role, as outdated or unsupported equipment can increase downtime and create maintenance challenges, further impacting operational efficiency. Critical assets are integral to the whole operation, from entire machines all the way down to the component level. If these assets are not functioning or accessible, they pose different risks to the integrity of the operation.
