This paper outlines a systematic guideline for remanufacturing process using the Failure Mode and Effect Analysis (FMEA) method in order to estimate the reliability and quality of the remanufactured alternator. The method is just a tool to help, but the remanufacturer must determine the optimal remanufacturing process and specific inspection and production that will turn the alternator as-good-as new and place the product into the market with reliability and quality equal to a new product. FMEA is a method that is widely used in industry and has shown its value and effectiveness in the above remanufacturing case study. Actions taken often result in a lower severity, occurrence or detection rating. Redesign may result in lower severity and occurrence ratings while inserting validation controls and maintenance can reduce the detection rating. The revised ratings are recorded with the originals on the FMEA template form. After these corrective actions and revisions have been established, evaluation of the ranks can be repeated, until the redesign and control parameters comply with safety standards.