Mean time before failure [MTBF] is the average time between system failures during operation. In procurement terms, the shorter the mean time before failure, the more frequently the system will require planned or unplanned downtime. Consequently, a total cost perspective will often value solutions that offer longer mean times before failure as a proxy measure for quality. See also Total Cost of Ownership.
« Back to Glossary IndexMean Time Before Failure
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and procurement consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
