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Secondary failure

Failure of an item caused either directly or indirectly by a failure or a fault of another item.


Six Sigma

Six Sigma is a disciplined, data-driven approach and methodology for eliminating defects (driving toward six standard deviations between the mean and the nearest specification limit) in any process - from development or manufacturing to transactional and from product to service.
Six Sigma is a method that provides organizations tools to improve the capability of their business processes. This increase in performance and decrease in process variation helps lead to defect reduction and improvement in profits, employee morale, and quality of products or services.
To achieve Six Sigma - statistically - a process must not produce more than 3.4 defects per million opportunities. A Six Sigma defect is defined as anything outside of customer specifications. A Six Sigma opportunity is then the total quantity of chances for a defect.


SMED

SMED (Single-Minute Exchange of Dies) is a system for dramatically reducing the time it takes to complete equipment changeovers. The essence of the SMED system is to convert as many changeover steps as possible to “external” (performed while the equipment is running), and to simplify and streamline the remaining steps. The name Single-Minute Exchange of Dies comes from the goal of reducing changeover times to the “single” digits (i.e. less than 10 minutes). One of the best examples are applied in formula 1 for tire replacement.


Spare part

Item intended to replace a corresponding item in order to restore the original required function of the item.


Spare Parts Management

Spare parts management is the main component of a complete strategic reliability management process that companies use to ensure that right spare part and resources are at the right place (where the broken part is) at the right time.
Spare parts, are extra parts that are available and in proximity to a functional item, such as an automobile, boat, engine, for which they might be used for repair.


Standby redundancy

Redundancy wherein a part of the means for performing a required function is intended to operate, while the remaining part(s) of the means are inoperative until needed.


Strategic Asset Management Plan

Strategic Asset Management Plan is a high-level strategic plan that documents the relationship between the organizational objectives and the asset management objectives. A Strategic Asset Management Plan should define the required framework to achieve the asset management objectives and develop the asset management plan(s).


Sudden failure

Failure that could not be anticipated by prior examination or monitoring.


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