What is the True Downtime Cost (TDC)?
The key to realizing greater savings from more informed management decisions is to predetermine the “True” cost of downtime for each profit center category. True downtime cost is a methodology of analyzing all cost factors associated with downtime, and using this information for cost justification and day to day management decisions. Most likely, this data is already being collected in your facility, and need only be consolidated and organized according to the true downtime cost guidelines.