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Explain why Maintenance and Reliability are considered strategically important?

Explain why Maintenance and Reliability are considered strategically important?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Explain why Maintenance and Reliability are considered strategically important?

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Insufficient maintenance can have adverse consequences; it tends to be troublesome and costly, as well as exceptionally inefficient. Reliability management upgrades the exhibition of the firm and safeguards its speculations. The target of maintenance and reliability is to keep up with the capacity of the framework. Continuous maintenance eliminates fluctuation.

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