Cost context induction, Business Management

Cost Context Induction : Good maintenance management is important for the company cost control. As companies go in for automation to become more competitive they increasingly rely on equipments to produce a greater percentage of their output. It becomes more important that equipments operate reliably within specifications. The cost of idle time is higher as equipment becomes more high tech and expensive e, g, NC/ CNC machines and robots.

Organization Depend Upon their Equipment : Organizations like airlines and oil refineries have huge investments in the equipment. Equipment failure will be disastrous for such companies. They need proper maintenance to keep the equipment and robots.

Posted Date: 2/25/2013 11:54:16 PM | Location : United States

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