Important of maintenance management, Business Management

Assignment Help:

Important  of Maintenance Management

1. Dependability  of Service: it  is one  the performance measures by which  a company  can  distinguish itself from others. To  establish a competitive edge and to provide good customer service companies must have reliable equipments that will respond to customer demands when  needed. Equipment  must be kept in reliable condition without costly work stoppage and down  time due to repairs if the company is to remain productive and competitive.

2. Quality Assurance : Maintenance is an important factor in quality assurance which is  another basis for the successful competitive edge. Inconsistencies in equipments lead to variability  in product characteristics and result in defective parts that fail to meet the established specification. Beyond  jus to preventing break sown it is necessary to keep equipments operating within specifications( i ,e ,process capability ) that  will produce high level of quality.

3. Help  in not  Losing  Market  Share:  Many  manufacturing  organizations  particularly  those with JIT ( just  in time)  programmes are operating with  inventories so low that they offer no protection in  the  event of a lengthy equipment  failure. Beyond the cost  fo idle  equipment idle labour and lost sales  that can result from a breakdown  there is a danger of permanently losing market share to  companies  that are more  reliable. Maintenance function can help present such an occurrence.


Related Discussions:- Important of maintenance management

What is the delegation of authority, What is the delegation of authority? ...

What is the delegation of authority? Delegation of authority: Delegation may be described as the entrustment of responsibility and authority to other and the creation of

Theories of business forecasting, What is model building approach of busine...

What is model building approach of business forecasting

What are the criticisms against formal planning, Question 1: Planning i...

Question 1: Planning is one of the primary functions of management as all other functions depend on it. Thus, planning has been criticized on several grounds. Describe (i)

Improvement production process, The table below lists the seven wastes as t...

The table below lists the seven wastes as the target for continuous improvement production process. 1. Waste of Overproduction : eliminate by reducing setup times synchronizing qu

ORKING CAPITAL, Explain why the composition of the working capital of a bus...

Explain why the composition of the working capital of a business is as important as the value of that working capital.

Feasibility of solar power plant, Solar Power Plant: Nowadays, renewab...

Solar Power Plant: Nowadays, renewable energy sector is growing rapidly as demand of the renewable energy services are increasing rapidly that refers the growth in this sector

Identify bpr opportunities, The phase consists of the followings activat...

The phase consists of the followings activates: 1. Identify the core high level processes, 2. Recognize potential change enablers, 3. Gather performance metric withi

How should handled a good grievances, How should handled a good grievances?...

How should handled a good grievances? A good grievances handling must: a. It must be simple, easy to know and to operate b. It must settle grievances at lower level c.

Estimate the revenue and expenses of equipment, Existing machine Purchas...

Existing machine Purchased 3 years ago Cost=22,000 Installation= 3000 Depreciation=3 years using the MACRS - 5 year Recovery schedule Current market value=10,000

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd