More from Michael Smith (23 articles)

Mean Time to Failure (MTTF): How to Calculate It Correctly

Mean Time to Failure (MTTF): How to Calculate It Correctly

Learn how to calculate and apply MTTF to reduce failures, optimize inventory, and make data-driven replacement decisions with Tractian CMMS.

Updated in jul 30, 2025

Stock Turnover Ratio Formula And Calculation Methods

Stock Turnover Ratio Formula And Calculation Methods

Learn how to calculate and improve stock turnover ratio to reduce costs, avoid stockouts, and optimize inventory across your manufacturing operation.

Updated in jul 23, 2025

Understanding Production Volume and Its Impact on Maintenance

Understanding Production Volume and Its Impact on Maintenance

Learn what Production Volume is and its impact on maintenance teams, how to calculate it, and also how to align your strategy with volume targets.

Updated in jul 09, 2025

Rate of Return: What It Is and Why It Matters for Maintenance

Rate of Return: What It Is and Why It Matters for Maintenance

Struggling to justify your maintenance investments? Discover how RoR helps connect maintenance work to financial results, with examples and strategies.

Updated in jul 04, 2025

Total Effective Equipment Performance (TEEP): The Complete Guide

Total Effective Equipment Performance (TEEP): The Complete Guide

Learn how TEEP reveals hidden production capacity, improves asset utilization, and supports smarter operational decisions without extra investments.

Updated in jun 27, 2025

What Is Planned Maintenance Percentage (PMP) and How It Works

What Is Planned Maintenance Percentage (PMP) and How It Works

Learn how Planned Maintenance Percentage (PMP) helps your operation reduce downtime, cut costs, and boost control over your maintenance strategy.

Updated in jun 17, 2025

Mean Time to Repair (MTTR): What It Is and How To Calculate It

Mean Time to Repair (MTTR): What It Is and How To Calculate It

Learn how to track, analyze, and improve MTTR with practical steps, examples, and tools that help reduce downtime and optimize maintenance performance

Updated in jun 13, 2025

Unplanned Maintenance: Causes and Prevention Strategies

Unplanned Maintenance: Causes and Prevention Strategies

Learn what causes unplanned maintenance, how it impacts operations, and the proven strategies that help teams stay ahead of equipment failures.

Updated in jun 04, 2025