Importance of Maintenance and Reliability to Business Essay

Exclusively available on Available only on IvyPanda® Made by Human No AI

Introduction

Maintenance and reliability are two key aspects that influence the success or failure of a business. Maintenance involves continuously repairing organizational equipment to ensure that it can continue to work for a longer time without breakdown. Such activities enhance the reliability of the equipment or organizational processes, enhancing the continuity of business operations.

Discussion

Poor maintenance can lead to the development of negative impacts on an organization since it can lead to disruptive business activities, which can be highly expensive in terms of money and time. Organizational systems are designed and maintained to enable the staff to reach the desired performance and products to attain the set quality standard. Therefore, the effectiveness of the maintenance and reliability management program within an organization influences the success or failure of the organization since such practices significantly impact the operations of the entire business.

Effective maintenance and reliability programs enhance the longevity of organizational equipment. When organizational equipment is not frequently serviced, there is the likelihood that the machine may uncertainly break down during operations (Lundgren et al., 2018). In such cases, the process may lead to the halting of business operations and production since the maintenance team will have to look for the items that are broken down to repair them. The breakdown process may destroy other connected parts that require replacement (Yoon et al., 2019). Due to the uncertain nature of the breakdown, the maintenance team may look for quick fixes, which may reduce the quality of the equipment hence its longevity. Frequent servicing and maintenance of equipment may make it easy for the concerned team to deliver a proper balance of maintenance activities which may identify impending failures before they occur (Chen et al., 2022). Such activities allow for timely corrective activities, which may reduce the equipment’s depreciation rate, enhancing its longevity and reducing repair costs which are higher, hence business success.

Frequent maintenance and reliability checks enhance production quality and quantity. Organizations that lack effective maintenance and reliability management teams will likely experience frequent machine breakdowns (Yoon et al., 2019). Such breakdowns or machine failures significantly influence the production process due to the occasional halting of business operations. In such events, the business cannot meet the target production goals since the breakdown or equipment malfunctioning interferes with their production timetable, increasing the chances of failure (Chen et al., 2022). In addition, poorly maintained equipment leads to low-quality outputs, which may fetch low prices in the market, leading to low or no profits and increasing the chances of organizational failure (Lundgren et al., 2018). Due to these reasons, organizations should execute regular equipment or machine checks to keep them in optimum operation conditions for them to succeed.

In addition, frequent maintenance and reliability checks reduce production costs. Smooth business operations significantly impact production costs since the business can attain continuous production. Consistency in the operations of any organization is likely to reduce production costs since no time wastages are experienced during production, and the quality of products remains high (Chen et al., 2022). Contrary results are evident when an organization performs poorly on machine or equipment maintenance. In the cases of poor maintenance, there are higher chances of experiencing breakdowns, leading to added costs from idle labor (Yoon et al., 2019). Additional costs like downtime and material costs are also likely to increase in the cases of machine breakdown. In other cases, businesses may be forced to replace the entire machinery as the one broken down is turned into scrap, increasing the production costs increasing the chances of business failure (Zhang et al., 2022). Continuous and frequent machinery maintenance may prevent the development of such scenarios leading to increased and continuous organizational production and reducing production costs.

Organizations with effective maintenance and reliability teams will likely have satisfied and highly motivated staff. Frequent maintenance activities motivate the team since the job becomes easier and safer due to reduced risks of injuries (Chen et al., 2022). Employees gain the confidence of working with machines that are frequently maintained as they are sure that the chances of breakdown are low. In addition, their satisfaction and morale increase, making them work more effectively and efficiently due to low cases of operational interruptions and disruptions (Zhang et al., 2022). Therefore, the workforce can channel all their focus on productivity, increasing the chances of business success.

Conclusion

In conclusion, maintenance and reliability have numerous benefits to an organization. An effective and standby maintenance and reliability team enhances equipment longevity, improves production quantity and quantity, and reduces production costs. In addition, frequent maintenance improves staff satisfaction and morale, making them focus on production. Such benefits are also likely to enable the organization to reap additional benefits like economies of scale, which enable it to survive the competition. The lack of effective and frequent equipment maintenance may lead to machinery breakdown, which may have negative implications for the business and may lead to failure. Organizations should therefore embrace continuous maintenance and reliability checks to enhance the success of their operations. They can also adapt new technologies that promote automatic maintenance scheduling, which effectively possibly assigns labor and time resources, enhancing business success.

References

Chen, L., Cheng, C., Dui, H., & Xing, L. (2022). . Reliability Engineering & System Safety, 222, 108435. Web.

Lundgren, C., Skoogh, A., & Bokrantz, J. (2018). . Procedia CIRP, 72, 1305-1310. Web.

Yoon, Y., Yu, S., Hyung, J., Jeong, J., Jeong, U., & Lim, S. (2019). . Microelectronics Reliability, 100-101, 113411. Web.

Zhang, F., Liao, H., Shen, J., & Ma, Y. (2022). . IEEE Transactions on Reliability, 1-16. Web.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2024, March 15). Importance of Maintenance and Reliability to Business. https://ivypanda.com/essays/importance-of-maintenance-and-reliability-to-business/

Work Cited

"Importance of Maintenance and Reliability to Business." IvyPanda, 15 Mar. 2024, ivypanda.com/essays/importance-of-maintenance-and-reliability-to-business/.

References

IvyPanda. (2024) 'Importance of Maintenance and Reliability to Business'. 15 March.

References

IvyPanda. 2024. "Importance of Maintenance and Reliability to Business." March 15, 2024. https://ivypanda.com/essays/importance-of-maintenance-and-reliability-to-business/.

1. IvyPanda. "Importance of Maintenance and Reliability to Business." March 15, 2024. https://ivypanda.com/essays/importance-of-maintenance-and-reliability-to-business/.


Bibliography


IvyPanda. "Importance of Maintenance and Reliability to Business." March 15, 2024. https://ivypanda.com/essays/importance-of-maintenance-and-reliability-to-business/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
No AI was involved: only quilified experts contributed.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment
1 / 1