Maintenance Management Strategies

Selection of Correct Equipment Maintenance Management Strategy Selection.
It makes a  Difference

Maintenance is a risk management practice used to maximise production and minimise loss and waste. 

Selecting a successful maintenance strategy requires a good knowledge of equipment failure behaviour and maintenance management practices. First you have to know e why equipment fails, how equipment fails and when equipment fails. Then you require knowledge of  maintenance management practices to select the right mix of maintenance strategies to extend and maximise its service and performance.

“To master a thing you must know it thoroughly.  When you speak to experts it is clear that they are intimate and absorbed with their speciality.  When you understand a thing fully, when you know how it will behave under all circumstances, when you introduce a change and know its impact and effect, then you have mastery over the thing.”
https://www.lifetime-reliability.com/cms/free-articles/maintenance-management/maintenance-strategy-101/

Maintenance strategy can be mastered.  Strategic maintenance decision making involves selecting the right care and repair methodologies that maximise equipment life and performance for the least cost to the user.  The first step in successful maintenance management strategy choice, is knowledge of  equipment failure mode and process or event.  When you know the equipment’s weaknesses and strengths you can care for it properly and get maximum service from it at least cost.

Good article:
Mike Sondalini, Managing Director, Lifetime Reliability Solutions HQ
https://www.lifetime-reliability.com/cms/free-articles/maintenance-management/maintenance-strategy-101/

Interesting article/book chapter
Profit Contribution Mapping
Mike Sondalini
https://books.google.co.in/books?id=va9DAAAAQBAJ&pg=PA22-IA12#v=onepage&q&f=false

For More reading

https://downtimecentral.com/articles.shtml