Failure Modes and Effects Analysis (FMEA) is a proactive, systematic tool in manufacturing aimed at identifying potential failure modes of a product or process and assessing the potential impact of those failures. Engineers, quality specialists, and process managers typically employ FMEA to rank the severity and likelihood of each failure mode, leading to the prioritization of risks and the formulation of mitigation strategies. By foreseeing and addressing possible points of failure, FMEA enhances product reliability, improves safety, and reduces warranty-related costs, fostering both operational excellence and heightened customer trust.
Praxie’s Manufacturing Ops application has greatly improved our daily management initiatives. With remote workers and several different locations, it’s easy to see how we are doing, identify issues, and track our improvements – no matter where we sit.
With Praxie we’ve created a way to report on complex projects that gives management full visibility. Executives have full visibility to all aspects of projects, assignments, etcetera at their fingertips.
Praxie’s software transformed our operations, enabling data-driven decisions and streamlining our manufacturing process.
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Michael Lynch is a creative and successful executive with extensive leadership experience in delivering innovative collaboration products and building global businesses. Prior to founding Praxie, Michael led the Internet of Things business at SAP. He joined SAP as part of the acquisition of Right Hemisphere Inc., where he held the position of CEO. During his tenure, he transformed a small tools provider for graphics professionals to the global leader in Visualization software for Global 1,000 manufacturers and led the company to a successful acquisition by SAP.