True Downtime Cost (TDC) has two variables, tangible & intangible costs.  Analysing these will help you decide if investing in new equipment, training or support is justifiable.

Tangible costs include lost production, financial penalties, and wasted staff time. Intangible costs can include reputational damage and stress. Calculating intangible costs is complicated. Tangible cost, on the other hand, is much easier. So if you are looking at investing in anything that will reduce your production downtime, use the calculator below to help you analyse the cost of downtime based on lost production.