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If what you're doing isn't enhancing the value of your organization, what's the point?

Many in our field define the output of maintenance operations in terms of "reliability, availability and maintainability." Why, though, can't we simply say that the output of maintenance should be to improve the value of the organization. But, how to define value? Let's use that universal KPI favored by senior executives: ROI (Return On Investment). In other words, if it does not add value, don't do it.

This article focuses on this type of approach in resolving some common maintenance issues. Using logic, statistics and well-accepted techniques, we can improve maintenance decision-making. The result is better selection of maintenance tactics, improved equipment reliability and increased company value.

To see the whole article please go to:

http://www.mt-online.com/component/content/article/255-september2009/1367-use-business-common-sense-to-improve-maintenance-practices.html