Equipment Management: Cost Reduction, Performance-Enhancing Opportunity

During the next several months, SME’s E-Newsletter will feature 15 articles on maintenance management. The articles may be read online or downloaded and distributed within your organization. They will address maintenance management topics, offer guidelines to mining managers and provide techniques that the maintenance manager can use. The articles will stress equipment management, a strategy that the mining industry has accepted as a modern replacement for outdated maintenance practices. Equipment management is the mutually supportive interaction of all mine departments as they establish equipment needs, procure equipment, test, commission, operate, maintain, modify and eventually replace equipment. The successful application of equipment management principles can quickly and reliably produce cost reduction and performance improvement results while providing a dependable way of sustaining them. Equipment management embraces modern management techniques. These include reliability-centered maintenance, life-cycle costing, capital performance, the effective use of information and productive organizational models.