As the skilled, baby-boomer workforce nears retirement, years of technical expertise is exiting as well. Factories are watching years of knowledge leave their organizations, and how to replace these skilled workers has manufacturers concerned.
In a 2008 survey of 100 senior manufacturing executives commissioned by Advanced Technology Services and conducted by Nielsen, 81 percent said they would be affected by the serious lack of skilled labor, costing an average $52 million each over the next five years. This figure reflects more than just the cost of recruiting, training, and retaining workers; it includes the high price of lost production as well.
One segment suffering the greatest effect from the skilled workforce retiring is in an area where the difference of one micron, one millionth of a meter, can mean the difference between growth and profitability and record loss.
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What is the true cost of poor quality calibration in the process
"The true cost of poor quality calibration in the process industry"
when poor quality or minimal calibration of process measuring instruments is practised what are the negative effects ??????
* Do we see poor quality or inferior product output from the facility? * Can customer or brand loyalty be diminished due to inferior product as a consequence of a poorly calibrated measuring instrument ? * Do we have inefficiencies of the process with resulting energy and resource wastage? * Will safety issues to plant and personnel arise because of poorly calibrated instruments? * Is it possible we will fail to meet regulatory requirements ? * Will an effective calibration program reduce plant downtime and eliminate the run to failure scenario ? * Can having confidence in the accuracy and repeatability of a processes measured values ultimately lead to financial gain for an organisation?
I am currently completing research on the above subject for a thesis as partial fulfilment of a BSc. in Management . All responses welcomed,appreciated and respected. M.M
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