There are several methods of maintaining assets, methods such as preventative maintenance and constant maintenance throughout the lifecycle of the machinery.
Methods vary depending on the industry and their individual requirements. What is important to understand is that maintenance is not a one of thing it has to be a part of the business in order to avoid and hindrances in the production process and delays in orders. In my previous blogs I have discussed the importance of knowledge and how it affects the business in achieving excellence in the 21st century.
It is important for firms of today to appreciate the benefits knowledge management can give to an asset management strategy.
KM will allow workers to start gathering information, then storing that information and in the end using that information. These three steps make a very big difference in the way a firm is run as knowledge is constantly gathered and shared. Hence, Excellence is achieved!