The Huge Instantaneous Impact on Your Business of Defect Cost and Failure Cost. When a failure incident occurs there is a consequential loss of profits and a massing of costs. The cost of failure includes lost profit, the cost of the repair, the fixed and variable operating costs wasted during the downtime and a myriad of consequential costs that reverberate and surge through the business. These are all paid for by the organisation and seen as poor financial performance. The costs of failure cannot be escaped and are counted in millions of dollars of lost profit per year. Total defect and failure true costs are not normally recognised by managers, yet they can send businesses bankrupt. In the instance of a failure all its costs and losses are automatically incurred on the business. These costs can only be prevented by precluding the failure in the first place. This article explains the 'instantaneous cost of failure' (ICOF) and introduces a proactive technique, 'Defect and Failure True Costing', that adds economics to RCM and FMEA to help companies recognise and prevent this tremendous waste of money.
The Cost of Failure to a Business
When a business operates it expends fixed and variable costs to make a product which it sells for a profit. Figure 1 is graphical representations of a business in operation. The business produces a product that requires an input of costs which it sells to pay for them and make a profit.
Alfa Laval has introduced a new range of tank man hole covers designed to provide safe and easy access to tanks and vessels used in sanitary applications in the food, wine, beverage and dairy industries. Suitable both for tanks and containers such as bottling and washing machines, the manhole covers are designed to provide a lockable means of access to the interior of a vessel. The rear e models specifically intended for installation above or below the internal liquid level of the tank and the covers can be supplied in oval, circular and rectangular shapes.
UK manufacturer Midland-ACS, has developed a control system capable of operating in the harsh environment of gas turbine heat recovery systems destined for the Al Shaheen oil field in Qatar. 
Alcon Solenoid Valves new EXm rated valve actuation coil is providing precise dosing control for a new additive injection system designed specifically to handle the integration of biofuels into the domestic fuel market at the refinery.
For several years R. A. Rodriguez has marketed the UNITEC brand of ballscrew support bearings designed for high performance machine tool applications. Now in addition to the high load and exceptional performance capabilities of this needle roller bearing range, the company has introduced a new range of ball bearings to meet more general high precision needs of ballscrews. 
Reliability Centered Maintenance has changed the way we think about Preventive Maintenance (PM). It has caused some to question whether it is even necessary to do preventive maintenance. The truth is most manufacturing facilities would benefit from a good preventive maintenance program. It would be especially beneficial for those plants that rely on breakdown or run-to-failure maintenance. But, a preventive maintenance program is potentially risky, so it must be administered and performed properly to be successful. This paper will examine both the benefits and risks of preventive maintenance and offer some ideas on how to make it successful. We will start with a definition of preventive maintenance. 
Thermoteknix recently installed a new ThermaScope 
For the first time ever, it is now possible to monitor the quality of compressed air by online measurement of the residual oil content.
The Jordan Steel Factory outside Amman, Jordan was concerned about corrosion within the pipework of its cooling system, caused by large quantities of sulphate reducing bacteria, iron oxides and scaling build up. These factors combined, contributed to an overall reduction in the efficiency of the direct and in-direct cooling system at the factory. Corrosion is a major issue for the steel factory as once the metal pipe work has begun to corrode, the process rapidly accelerates. The management decided to contact the Corrosion Engineering Division of the Royal Scientific Society, Mechanical Design & Technology Center.
