In the current economic climate, companies are cutting costs wherever they can. Often necessary processes are disregarded during cost cutting to ensure immediate financial relief. The long-term ramifications are often overlooked or simply disregarded.
In the production and manufacturing industries, companies cut costs by putting preventative maintenance programmes on the back burner.
I recently paged through my Production and Operations Management text book (Fifth edition - Norman Gaither) and realised how important it is to have a holistic approach to cost cutting. Preventative maintenance programmes are an essential part of long-term cost cutting. It is therefore important to establish a culture of preventative maintenance, even during challenging economic times.
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