Set Chart Warranty For Free

Warranty claims for assets that are under warranty are generated based on incident. For example, if your car breaks down twice, the first time because the steering pump failed and the second time because the alternator failed, these failures are recorded as separate incidents.

A warranty claim is a claim by a customer/product owner for a product under warranty, and usually entails either repair or replacement. This Process Efficiency measure is intended to help companies minimize waste and refine resource consumption related to the process group "Manage warranties".

Warranty claims data are lifetime data collected during the servicing of items over of warranty period. Analysing such lifetime data requires good quality data. The data collection during product pre-launch are done in controlled conditions?failure and censoring times properly recorded.

These sources may include your own warranty management system, your suppliers and partners, your customers and distributors, and external databases and reports. You need to ensure that your warranty data is accurate, complete, consistent, and timely.

Warranty analytics provides unique insight into products that are in service. Analyzing the information from the products that fail shows you how your products hold up over time.

Warranty data analysis will tell you which parts are likely to fail. As discussed above, this can help you redesign your products to reduce warranty claims. However, for products already in the field, you can use this information to predict which parts will be needed by service centers.

Warranty data provides direct information about how and when your products fail. With this information, you can identify parts and systems that need improvement. Warranty data will even give you insight into what needs to be improved to reduce failure rates and improve customer satisfaction.