Machine Management in small business refers to how effectively the equipment and tools used by small business are planned for and the utilized to ensure a maximum use.
The discussions of this article will be based on the category of assets termed “Fixed Assets”. The kind managed by each business as a function of what kinds of goods is produced or what kind of services are rendered. They come in the form of plant, machinery and equipment, vehicles, premises e.t.c.
Managing “machines” has implications for a business. It is not enough to buy them and start using but also to manage their usage. One important aspect of machine management is maintenance. The European Federation of National Maintenance Societies defined maintenance as “all actions which have as an objective to retain an item in or restore in to, a slate in which it can perform the required function. The action includes combination of all technical and corresponding administrative, managerial and supervision action”.
Maintenance can be corrective or preventive. Corrective is “reactive” in operation, while preventive is “proactive” i.e. it involves designing technical and human system that will keep the productive process working within tolerance. This is accomplished by a planned schedule of Checks performed on the equipment.
Some preventive maintenance activities to include:
- Routine Inspections of equipment
- Cleaning & servicing
- Lubrication, adjustment of nuts & bolts
- Operation & testing
- Overhauling
In summary, the implication of an effective machine management system in small business would reflect in Production capacity, Production cost, Production quality, Employee Safety, and Customer safety.
Therefore the whole process of managing machines involves the procurement, utilization and disposals assets effectively.
The discussions of this article will be based on the category of assets termed “Fixed Assets”. The kind managed by each business as a function of what kinds of goods is produced or what kind of services are rendered. They come in the form of plant, machinery and equipment, vehicles, premises e.t.c.
Managing “machines” has implications for a business. It is not enough to buy them and start using but also to manage their usage. One important aspect of machine management is maintenance. The European Federation of National Maintenance Societies defined maintenance as “all actions which have as an objective to retain an item in or restore in to, a slate in which it can perform the required function. The action includes combination of all technical and corresponding administrative, managerial and supervision action”.
Maintenance can be corrective or preventive. Corrective is “reactive” in operation, while preventive is “proactive” i.e. it involves designing technical and human system that will keep the productive process working within tolerance. This is accomplished by a planned schedule of Checks performed on the equipment.
Some preventive maintenance activities to include:
- Routine Inspections of equipment
- Cleaning & servicing
- Lubrication, adjustment of nuts & bolts
- Operation & testing
- Overhauling
In summary, the implication of an effective machine management system in small business would reflect in Production capacity, Production cost, Production quality, Employee Safety, and Customer safety.
Therefore the whole process of managing machines involves the procurement, utilization and disposals assets effectively.
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