Correct Answer - Option 3 : the period of time that the equipment fails to provide or perform its primary function
Explanation:
(i) Equipment downtime refers to the amount of time that equipment is not operating, whether that’s a result of unplanned equipment failure (like a fault or broken part) or planned downtime (like necessary downtime for preventive maintenance).
(ii) Typically, this term refers to unexpected downtime that accumulates any time the production process stops.
(iii) Unexpected equipment failures can cause costly interruptions in your process flow, damage to equipment and product losses. Downtime may also divert personnel from their preventive maintenance (PM) duties. These consequences may result in expensive overtime hours and reduced PM completion rates. In extreme cases, this can eventually lead to a chaotic "run-to-fail" cycle.
(iv) The best way to track equipment downtime is with a computerized maintenance management system (CMMS). Although many of these programs use a work order system to track downtime, a CMMS with a dedicated downtime module can result in better analysis and reporting of equipment problems and trends.