Preventive Maintenance Management Techniques Manufacturing system consisting of facilities and equipments are important resource for an organization. These are constantly being used for adding value to the products produced by the organization. Hence, the facilities and equipments are to be kept healthy and in good operating condition for avoiding excessive downtime and also interruption in …
Read MorePredictive Maintenance Management Techniques Maintenance cost is a major part of the total operating cost in all manufacturing plants. Depending on the specific industry, maintenance cost can represent between 15 % to 60 % of the cost of the goods produced. The dominant reason for the ineffective maintenance management is the lack of factual data …
Read MoreData Analysis Techniques Every organization collects a large volume of data during its day-to-day operation. This data is of little use till it is organized, and analyzed to extract useful information from it. Data analysis technique constitutes the science of examining raw data with the purpose of drawing conclusions about the information contained in the …
Read MoreData and Presentation of Data Data refer to the set of observations, values, elements, or objects under consideration. They also refer to the known facts or things used as basis for inference or reckoning facts, information, material to be processed or stored.iu Data are a set of facts, and provide a partial picture of reality. …
Read MoreTerms used in Statistical Analysis Statistics is the scientific discipline which provides methods to help the people to make sense of the data. It is the science of learning from data. It is a set of methods used to analyze data. One of the goals with statistics is to extract information from data to get …
Read MoreOperation and Maintenance Manual A comprehensive ‘operation and maintenance’ (O&M) manual for an equipment / facility hereto referred as ‘plant’ is necessary for the smooth operation of the plant. The O&M manual serves as an important tool for existing and new employees to safely and successfully operate and maintain the plant. When put together properly, …
Read MoreOrganizational Policies and Procedures Organizations are described as a form of association, wherein men, material, and other resources are engaged for the purpose of accomplishing a desired objective. The term organization is derived from the word ‘organicism’, which means an organized body of interdependent parts sharing common activity. Organization has been defined in different ways …
Read MoreOrganizational Ethics and Values and their Importance Corporate governance refers to the system by which an organization is directed and controlled. One of the goals of corporate governance is to create a set of internal mechanisms to ensure sound managerial decisions are made, considering the rights and responsibilities of various stakeholders, together with the ethical …
Read MoreResearch and development and the needed skills requirement Innovation depends on people who are able to generate and apply knowledge and ideas in the workplace. Research is motivated by curiosity or a need to know about how things are, and what people do or can do. In an era of global competitiveness, industrial ‘research and …
Read MoreEmployee Relations Employees are among the most important resources of the organization. They are the most valuable assets. The nature and quantity of work performed by them have a direct impact on the productivity of the organization. Hence, a healthy employee relations in the organization is a pre-requisite for the organization for achieving growth and …
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