Maintenance and its importance..(KBAM)
Maintenance is a very important aspect of asset management. The concept of maintenance and its implications affects almost every aspect of business. It can start from the maintenance of records to maintenance of machineries.
The aspect which has to be looked with great care is the type of maintenance policy used by the company depending on its size and capital available for maintenance. Smaller companies use preventing maintenance technique which helps them to save some money while the bigger companies may use predictive and preventive maintenance techniques both.
Maintenance chapter of a company grows as its size and activities grow so it is very important and essential for a successful company to have a successful maintenance department.