Maintenance Strategy For The 21st Century

Maintenance means keeping equipment running or restoring it to operating condition. However, the 21st century will usher in a broader need for equipment management, a cradle-to-grave strategy to preserve equipment functions, avoid the consequences of failure and ensure the productive capacity of equipment. Profitable future mining operations will have reduced the 35% of operating costs typically spent on maintenance and the unfavorable impact of downtime that often multiplied these costs by 300%. They will survive those operations that tried to carry outdated "maintenance" thinking beyond the year 2000. These surviving operations will have applied modern management techniques, technology and information to align the efforts of people with the needs of equipment. Future managers will use equipment management as an integral part of an overall production strategy. They will see it as a means of raising productivity, improving performance and minimizing downtime to maximize profitability. This global thinking will characterize all operations planning to survive in the competitive world of mining of the next century.