“If it ain’t broke, don’t fix it.” If this proverb were applied in today’s operations, every organization would be in a reactive mode of maintenance and work against the lean manufacturing concepts.
Any breakdown or downtime on the manufacturing floor, in the warehouse, in transportation, or any other business process will create missed customer commitments, failed deliveries, idle time, and
perform system maintenance it
analytical tools, asset key performance indicators (KPIs) and measurements can be created to make decisions about equipment life cycles and projected investments. EAM applications provide a three-dimensional view for decision makers. EAM includes what needs to happen, when it needs to happen, and what is going to be needed in the form of resources, material, training etc. It is similar to the way individuals try to manage their personal assets (property, car, financial investments etc.) with optimized