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This textbook is designed to assist companies, regardless of the type of industry or facility, to develop equipment management strategies, which when implemented, will virtually eliminate equipment malfunctions or breakdowns. This is important since companies today are incurring higher and higher levels of equipment downtime and lost efficiencies. This impacts the company's financial standing since they will try to compensate for their equipment problems by:
1. Investing in redundant equipment, increasing the asset base value and thus negatively impacting their profitability.
2. The lack of asset performance will reduce the capacity of the equipment, reducing the company's ability to provide its product or service at the design capability of the equipment. This reduction ni the output of the equipment will reduce the income generated (Return on Assets), thus negatively impacting their profitability.
The solution to the above problems is to focus on optimizing the utilization of the assets by implementation of strategies to eliminate all equipment breakdowns. In reality, whether a function loss or a function reduction breakdowns, all breakdowns impact a company financially. Zero breakdown strategies are designed to provide cost effective solutions to equipment problems that will allow companies to realize the maximum return on investment in their assets.