Optimizing Equipment Maintenance & Replacement Decisions

This course is designed to familiarize participants with the methods, tools, and techniques necessary to optimise equipment maintenance and replacement decisions. It will help them:
• Determine the best time to schedule maintenance
• Determine when to replace equipment
• Estimate the economic life of the equipment
• Select the most cost-effective replacement option
• Minimise downtime and maximise production
• Develop comprehensive maintenance and replacement plan
• Apply the concepts learned to real-world scenarios and make sound decisions
• Learn how to troubleshoot equipment problems
• Understand the different types of maintenance and replacement strategies
Introduction: Defining Maintenance & Replacement
• What is equipment replacement?
• What is equipment maintenance?
• What are some common maintenance and replacement tasks?
• Defining the difference between replacement and maintenance
• When to perform maintenance or replacement
• Why is it important to perform maintenance and replacement?
• The cost of maintenance
• The benefits of maintenance and replacement
• The cost of failure
• The cost of replacement
Why Does Equipment Maintenance & Replacement Matter?
• The benefits of equipment maintenance
• The process of equipment replacement
• The importance of regular equipment maintenance
• Consequences of poor equipment maintenance
• Importance of routine maintenance
• The cost of equipment maintenance
Optimizing Maintenance & Replacement Practices
• Benefits of optimising maintenance and replacement practices
• Best practices for maintaining and replacing equipment
• How to reduce downtime with optimised maintenance and replacement practices
• Benefits of performing scheduled maintenance
• How to optimise maintenance and replacement activities
• Cost of savings of optimised maintenance and replacement
Developing a Maintenance & Replacement Strategy
• Determining when to replace equipment.
• Installing replacement equipment
• Developing a replacement strategy.
• Developing a budget for replacement and maintenance
• Determining what maintenance is needed on equipment
• Finding the replacement equipment
• Tracking maintenance and replacement activities
• Tools and techniques of replacement and maintenance
• Scheduling maintenance and replacement
Implementing a Maintenance & Replacement Plan
• Defining maintenance & replacement plan
• How to implement a maintenance & replacement plan
• Determining the best time to implement a maintenance and replacement plan
• Who is responsible for maintenance and replacement?
Evaluating Maintenance & Replacement Programs
• Identifying maintenance and replacement issues
• Evaluating the results of your maintenance and replacement programs
• Determining the most effective maintenance programs for your needs
• comparing the cost of different maintenance programs
• Assessing the effectiveness of your maintenance and replacement program
• Assess the risks associated with a maintenance or replacement program
• Identifying the impact of a maintenance or replacement program on the budget
Maintaining & Replacing Equipment for Optimal Performance
• Troubleshooting equipment problems
• performing routine maintenance according to the manufacturer’s recommendations
• Storing equipment properly to prevent damage
• Regularly cleaning and inspecting equipment for wear and tear
• Replacing equipment when needed or when it reaches the end of its useful life
Maintenance and Replacement Strategies
• Preventative maintenance
• Proactive maintenance
• Emergency maintenance
• Infrastructure replacement
• Schedule maintenance
• Equipment replacement

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:

1ST BATCH:        28th – 30th Apr, 2025     

2ND BATCH:       11th – 14th Nov, 2025