How to Balance the Cost of Maintenance
There is not a single maintenance department that I am aware of that has an unlimited budget. If you are aware of one, please let me know as I would love to see if it is successful or not.
Since most of us do not have an unlimited maintenance budget, we need to be smart about how we spend our maintenance money. Therefore there needs to be a balance and well thought out approach to the spend. We all know that proactive maintenance is cheaper than breakdown maintenance. But how do we balance the cost of maintenance with risk, to ensure that operations get the most out the equipment?
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