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

Consumer behaviour when making a purchase, Describe briefly the main stages...

Describe briefly the main stages included in the (rational) process of consumer behaviour when making a purchase.   Problem/Need recognition The purchasing process is a pro

Finance Management, This type of risk arise from changes in environmental r...

This type of risk arise from changes in environmental regulations, zoning requirements , fees, licenses and most frequently taxes. (a) Political risk (b) Domestic risk (c) Internat

Benefits of just in time manufacturing, 1. Reduction  of wastes ( defects  ...

1. Reduction  of wastes ( defects  scrap and rework  ) and  increased ability to remain  competitive  through  customer focus and  delivering superior performance of both goods  an

Business environment in strategic formulation, Business environment in stra...

Business environment in strategic formulation A business strategy depicts how a specific business proposes to succeed in its preferred market place versus its competitors. It

Question, Consider the following new business venture. An agent is consider...

Consider the following new business venture. An agent is considering investment in one of three real estate parcels: • Option 1: multiunit rentals • Option 2: commercial building

Public administration, POSDCORB it role in the converting a given policy in...

POSDCORB it role in the converting a given policy in useful outcome

Consumer ., "consumer mind is a black box" discuss

"consumer mind is a black box" discuss

Business administration, b. A paper mill produces two grades of paper viz.,...

b. A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y pape

Examine the work of inventory policy, Inventory control follows up to e...

Inventory control follows up to examine the work of inventory policy and effect changes as and when needed. The policies depends on company internal and external fact

1. Do you agree that countries are wrong in luring companies, 1. Do you agr...

1. Do you agree that countries are wrong in luring companies by offering incentives and tax benefits? Give reasons in support of your answer.

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