Choosing the Right Set of Maintenance Strategy

A question that might strike your mind is how to choose the right maintenance strategy for any organization? To some people choosing a maintenance program must be somewhere between repairing and replacing. Well, if you too hold this concept then you must know it is not correct. Many things need to be considered that can have a long-term impact on the company. Particularly when the work comprises of working with expensive and numerous assets, it is necessary to ensure that one does not suffer due to heavy wear and tear. Rather the replacement cost of the assets, if the care is not taken carefully, might result in an enormous bite of the revenue.

Numerous strategies for the maintenance task have evolved with time. Advancement in technology has helped us to make use of the new techniques developed in the new model. Some of the popular strategies include,

Reactive Maintenance

Reactive maintenance is the simplest strategy, which is referred to as the breakdown maintenance. So, the assets are being used up until it cannot be further used.

Preventive Maintenance

Preventive Maintenance work is performed when the asset is already in the operational state to ensure the decrease rate of failures. It is performed as per the usage schedule or the timing. It not only helps the equipment to operate with improved efficiency but, at the same time, works to improve the lifetime of any asset.

Predictive Maintenance

Predictive Maintenance is basically to predict the failure before and then perform the maintenance task. It requires some monitoring task which has got a high upfront cost.

Condition-based Maintenance

Condition-based maintenance is similar to the predictive maintenance work, which requires continuous monitoring based upon the specific condition to determine when the maintenance work is to be performed. It not only helps in preventing failures abut at the same time ensures optimum efficiency utilization.

In the end, while selecting any of the maintenance strategies, it is important to consider the goals of the activity. At the same time, proper evaluations of the asset, along with the cost of downtime, need to be calculated. It is important to consider all the data available for monitoring purposes. It is important to evaluate the maintenance cost as per the different scenarios to come up with the most effective one.