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Maintenance Costs at Woolworths

   

Added on  2021-04-17

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Running head: LIFE CYCLE COSTSLife cycle costsName of StudentName of UniversityAuthor Note
Maintenance Costs at Woolworths_1

1LIFE CYCLE COSTSTable of contentsAbout the company....................................................................................................................2Problems of maintenance engineers...........................................................................................2Needs and expectations of the stakeholders...............................................................................2The scope of Woolworths to meet the expectations...................................................................3Level of a documented system for maintenance development..................................................3Commitment and support from leadership.................................................................................3Longevity of Life Cost Cycle for maintenance..........................................................................3Identifying gaps in the current practise......................................................................................4Conclusion..................................................................................................................................4Suggestion and recommendation...............................................................................................4Reference....................................................................................................................................5
Maintenance Costs at Woolworths_2

2LIFE CYCLE COSTSAbout the companyAmong the famous companies in Australia, Woolworths is rated as a high-end retailcompany that contributes to about 80% of the success that in the Australian retail market. Thecompany is famous for providing services that include groceries, magazines, DVDs, andhousehold products (Woolworths.com.au, 2018). The purpose of this assignment is to identify the problems faced by the maintenanceengineers and the manner in which Woolworths uses the life cycle costs to value thelongevity of its products.Problems of maintenance engineersAs observed by Rivera and Azapagic (2016), Woolworths faces engineering problemsin the form of technical competency. The reason behind this is that due to its large number ofstores, the company struggles to maintain its inventory thereby, reducing the technicalcompetency of the business. The reason behind this being an engineering problem is that theengineers of the company do not have the proper skill to continue with the managing of theinventory.Needs and expectations of the stakeholdersThe stakeholders play an important role in the progress and expansion of a company.Similarly, in the case of Woolworths, the satisfaction of the stakeholders providesopportunities for an increase in the market. The needs and expectation of the stakeholdersvary with the characteristics and power of the stakeholders. For example, customers need andexpect good quality of products while the employees of Woolworths need and expect propermotivation and work environment (Driessen, Arts & van Houtum, 2017).
Maintenance Costs at Woolworths_3

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