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Developing Performance Indicators for Managing Maintenance is designed to provide the key details on how to measure and improve one of the most important functions in an organization today: Equipment or Asset Maintenance Management.
Developing Performance Indicators for Managing Maintenance
(Developing Maintenance Function)

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   by Terry Wireman
Published By:
Industrial Press Inc.
Provides the key details on how to measure and improve equipment and asset management. SALE! Use Promotion Code TNET11 on book link to save 25% and shipping.
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Developing The Maintenance Function

 

What is Maintenance Management?

In order to insure consistency within the text, it will be beneficial to define the following terms:

 

Maintenance

  1. The work of keeping something in proper condition; upkeep

 

Maintain

  1. To keep in a condition of good repair or efficiency

 

Manage

  1. To direct or control the use of; handle
  2. To exert control over
  3. To direct the affairs or interests of
  4. To succeed in accomplishing or achieving, especially with difficulty

 

Management

  1. The act, manner, or practice of managing; handling, supervision, or control

 

  1. The person or persons who control or direct a business or other enterprise

 

  1. Skill in managing; executive ability

 

Manager

  1. One who handles, controls, or directs, especially a.One who directs a business or other enterprise

 

Measuring

  1. To estimate by evaluation or comparison

 

  1. To bring into comparison

 

Indicator

  1. Any of various statistical values that together provide an indication of the condition or direction of an entity

 

Performance

  1. The way in which someone or something functions

 

Perform

  1. To take action in accordance with the requirements of; fulfill

 

  1. To fulfill an obligation or requirement; accomplish something as promised or expected

 

In today’s business environment, terms like Best Practices, Benchmarking, World Class and others continuously bombard us. Two other terms to recently emerge are performance indicators and performance measurement. These indicators or measures can be applied to any function within an industrial plant or facility, public or private organization, or even non-profit organization. There are performance measures for quality, production, processes, and even financial departments. However, one function within organizations that is beginning to emerge as a key to future competitiveness is the maintenance function. The focus of the maintenance function is to insure that all company assets meet and continue to meet the design function of the asset. What is Maintenance Management (sometimes referred to as Asset Management) and of what importance is it for managers in corporations today?

 

Maintenance (Asset) Management can be defined as “the management of all assets owned by a company, based on maximizing the return on investment in the asset.” This definition encompasses the philosophies contained in many of the more popular techniques currently being utilized by companies today.

 

What techniques would fall under the definition of maintenance (asset) management? The list would include, but not be limited to, the following:

 

Preventive Maintenance

Stores and Procurement

Work Flow Systems

Computerized Maintenance Management Systems (CMMS) and

Enterprise Asset Management Systems (EAM)

Interpersonal Training

Operational Involvement

Predictive Maintenance

Reliability-Centered Maintenance

Total Productive Maintenance

Statistical Financial Optimization

Continuous Improvement

 

Each of these initiatives is a building block for the maintenance (asset) management process. A brief examination of each will show its importance to the (asset) management process.

 

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