Maintenance Costs Reduction

What is the primary goal of maintenance cost reduction?

• Increasing downtime

• Reducing production capacity

• • Minimizing expenses while maintaining equipment reliability

• Expanding equipment inventory

Which maintenance strategy is most effective for reducing long-term maintenance costs?

• Corrective Maintenance

• Preventive Maintenance

• Predictive Maintenance

• Reactive Maintenance

What is a common approach for reducing spare parts costs?

• Increasing the quantity of spare parts stored

• • Establishing relationships with multiple suppliers

• • Standardizing parts across equipment types

• Only purchasing parts when needed

Which of the following is a good practice for reducing maintenance labor costs?

• • Scheduling maintenance during peak production hours

• • Performing equipment checks only when problems occur

• • Performing routine maintenance tasks according to a fixed schedule

• Ignoring minor equipment issues to focus on major repairs

Strategic Business Unit (SBU) is _________

• Focus is on fixing issues, minimize downtime

• Budget-Driven

• Seen as a cost center

• Focuses on asset reliability, energy savings, and productivity

______ is the Unseen Maintenance Expenses That Hurt Profitability

• Maintenance Supplier’s Cost

• Hidden Maintenance Cost

• Maintenance Staff Cost

• Maintenance Attitude Cost

Horizontal Benchmarking is benchmarking on __________

• Asset groups

• Technician teams or shifts

• Production lines or equipment types

• Sister plants in other regions

Which of the following incorrect for Supplier Service Technician Cost Reduction ?

• Smart Contract Structures

• Use Remote Support Where Possible

• Develop Internal Capabilities

• Empower Operators with Autonomous Maintenance

Which of the following is not key qualities of a Champion for Cost Reduction Action Plan ?

• Strong leadership skills

• Strategic Vision

• Re-active Mindset

• Project Management Skills

Which of the following practices is essential for effective maintenance planning and cost reduction?

• Performing maintenance tasks randomly without scheduling

• Reviewing and optimizing the maintenance schedule regularly

• Reducing the number of scheduled maintenance tasks to save costs

• Delaying maintenance to avoid immediate expenditure