Executive Summary
Summary
Ever thought how costly is a breakdown? If not, its time you did. One day there was a truck driver transporting an order of colorant for plastic (a plastic resin containing concentrated color, mixed with the plastic pellets for injection molding of colored products). The truck had a failure that led to a breakdown. Sadly the driver was in a dead cell area and his JIT (Just-in-time, the specific time you have to deliver the product) window closed and the missing shipment shut the manufacturing process down. This was the first shipment of a $40 million contract for a new customer. Breakdowns are not just about the repair costs, for most companies the breakdown costs go upto 100 times the cost of the repairs.