Mechanical Engineer creates value from Risk Based Inspection

how to get a vlue from risk based inspection ? A wise man said “if you buy a product from a manufacturer at $100 and sell it again to customer at $120, it is traditional trader. You need more than that. Successful man is selling a product at $120 even there is not manufacturer available yet.” In previous articles, we learned about processing data to provide lower inspection cost. In simple way, we can classify that activities into 3 block diagram: input, process and output. IPO diagram : Input – Process – Output Input  : last inspection record, equipment data,[…]

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