Your manufacturing processes and operations can be improved or refined with the advancement of new technologies and tools like FMEA (Failure Modes and Effects Analysis) for risk analysis. Thus, you can ensure that efficiencies are gained and risks are re-assessed with each change.
Additionally, you should track and schedule preventative maintenance to ensure that the equipment is in good working order, thus preventing high costs due to a failure. Employees should be trained to identify issues early and take steps to remedy them within the manufacturing process.